- FIS acquires eCommerce and payments firm WorldPay
- Agencies to hold public meetings on merger of BB&T and SunTrust
- Deutsche Bank and Commerzbank in formal talks about merging
- Digital talent is the number one challenge facing financial services, says Armstrong Craven
- Industry leaders of alternative investments to gather for summit
- Federal Reserve to run seventh triennial study to examine US payments usage
- Access to finance no longer major barrier to growth, finds BDRC survey expired
- BoE is losing more BAME talent than they hire, according to Equality Group expired
- SEC staff to hold Fintech forum to discuss distributed ledger technology and digital assets expired
- Sainsbury’s Bank reveals financial decisions UK adults regret expired
- Jurisdictions move towards implementing standards for payment, clearing and settlement expired
- First-time buyers and home-movers boost housing market in January expired
9th November 2018
Fed Board finalises new supervisory rating system for large banks
The Federal Reserve Board has finalised a new supervisory rating system for large financial institutions that is aligned with the core areas most important to supporting a large firm's safety and soundness and US financial stability.
The Board's post-crisis supervisory programme for large financial institutions focuses on capital, liquidity, and the effectiveness of its governance and controls. In each of those areas, supervisors will use the new rating system to assign a confidential rating to the firms.
The new rating system will apply to all domestic bank holding companies and non-insurance, non-commercial savings and loan holding companies with $100bn or more in total consolidated assets, which is a change from the $50bn threshold originally proposed. The new rating system will also apply to US intermediate holding companies of foreign banking organisations with $50bn or more in total consolidated assets as proposed.
The Federal Reserve will continue to apply its existing rating system for bank holding companies with less than $100bn in total consolidated assets. The existing rating system will also be adopted for non-insurance, non-commercial savings and loan holding companies with less than $100bn in total consolidated assets.