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ARTICLE · 05 FEBRUARY 2014

Exchange - International: United States

DLA Piper Australia
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This article from Exchange – International discusses regulatory developments in the American financial services sector.

AustraliaFinance and Banking
Mathias Hanten MBL
Mathias Hanten MBL
Michael McKee
Michael McKee
Jeffrey Hare
Jeffrey Hare

QUANTITATIVE LIQUIDITY REQUIREMENTS PROPOSED

The US federal banking agencies published a proposed rule that would implement a quantitative liquidity requirement consistent with the liquidity coverage ratio established by the Basel Committee on Banking Supervision. The proposal would apply to internationally active banking organisations – generally bank holding companies, certain savings and loan holding companies, and depository institutions with more than US$250 billion in total assets or more than US$10 billion in on-balance sheet foreign exposure – and to their consolidated subsidiaries that are depository institutions with US$10 billion or more in total consolidated assets. The proposed rule would also apply to companies designated for supervision by the Board by the Financial Stability Oversight Council that do not have significant insurance operations and to their consolidated subsidiaries that are depository institutions with US$10 billion or more in total

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