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Jan 07, 2015

The Federal Reserve Proposes Super-Equivalent Capital Surcharge for Global Systemically Important Banks

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The Federal Reserve Board recently proposed for public comment amendments to its risk-based capital rule that would impose a risk-based capital surcharge on eight US global systemically important banks (“G-SIBs”). The Federal Reserve Board estimates that all eight of the G-SIBs currently would meet the fully phased in G-SIB surcharge. The proposed surcharge would not apply to US bank holding companies controlled by foreign banking organizations, although the Federal Reserve Board requested comment on that aspect of the Proposal. If adopted as proposed, it would become fully effective on January 1, 2019.

View full memo, The Federal Reserve Proposes Super-Equivalent Capital Surcharge for Global Systemically Important Banks

Authors and Contributors

Donna Parisi

Partner

Derivatives & Structured Products

+1 212 848 7367

+1 212 848 7367

New York

Bradley K. Sabel

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 8410

+1 212 848 8410

New York

Reena Agrawal Sahni

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7324

+1 212 848 7324

New York

Timothy J. Byrne

Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7476

+1 212 848 7476

New York

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London