®: CRE Regulatory Action of the Week
Federal Reserve Published Rules on Single-Counterparty Credit Limits forBank Holding Companies and Foreign Banking Organizations
The Federal Reserve System has published a final rule establishing single counterparty credit limits for bank holding companies and foreign banking organizations with $250 billion or more in total consolidated assets, including any U.S. intermediate holding company of such a foreign banking organization with $50 billion or more in total consolidated assets, and any bank holding company identified as a global systemically important bank holding company under the Board's capital rules. The final rule implements section 165(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Click here for more details and relevant links.