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Jul 20, 2015

The Federal Reserve Finalizes Capital Surcharge for Global Systemically Important Banks

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Today, the eve of the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Federal Reserve Board approved a final rule (“Final Rule”) establishing an additional risk-based capital surcharge for the eight US global systemically important banks (“G-SIBs”). The Final Rule largely adopts the proposed rule issued in December 2014, and retains its super-equivalence to the framework agreed to by the Basel Committee. This note includes key highlights of the Final Rule and notable changes from the proposed rule. A more detailed client note will follow.

View full memo, The Federal Reserve Finalizes Capital Surcharge for Global Systemically Important Banks

Authors and Contributors

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

Bradley K. Sabel

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 8410

+1 212 848 8410

New York

Christina Berlin

Associate

Financial Institutions Advisory & Financial Regulatory

+1 202 508 8028

+1 202 508 8028

Washington DC

Jennifer Scott Konko

Associate

Financial Institutions Advisory & Financial Regulatory

+1 212 848 4573

+1 212 848 4573

New York