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ARTICLE · 24 DECEMBER 2015

Financial Regulatory Developments Focus - December 16, 2015

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On December 4, 2015, the US Board of Governors of the Federal Reserve System issued a final rule clarifying the application of the revised capital framework, originally issued in June 2013...

United StatesFinance and Banking
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In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

Bank Prudential Regulation & Regulatory Capital

US Federal Reserve Board Issues Final Rule Providing Information on Revised Capital Rules for Non-Traditional Stock Corporations

On December 4, 2015, the US Board of Governors of the Federal Reserve System issued a final rule clarifying the application of the revised capital framework, originally issued in June 2013, to depository institution holding companies that are organized as non-stock entities, such as limited liability companies and partnerships. The final rule illustrates how capital instruments that are issued by firms that are not organized as traditional stock corporations may qualify as regulatory capital under the revised regulatory capital framework. The final

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