United States:
Federal Deposit Insurance Corporation Issues Final Rule Revising Capital Ratios
15 December 2014
Shearman & Sterling LLP
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On November 25, 2014, the FDIC issued a final rule which will
revise capital ratios and ratio thresholds to conform to the prompt
corrective action capital ratio and ratio thresholds for used
deposit insurance assessments. It will further revise assessment
base calculations and require "highly complex"
institutions to use Basel III standardized approaches for
derivatives and securities financing transactions to measure
counterparty exposure for deposit insurance assessment. The final
rule will be effective on January 1, 2015, except for certain
amendments to 12 C.F.R. ℘327.9 of certain assessment pricing
methods, which will be effective on January 1, 2018.
The final rule is available at:
http://www.gpo.gov/fdsys/pkg/FR-2014-11-
26/pdf/FR-2014-11-26.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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