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ARTICLE · 11 FEBRUARY 2016

Financial Regulatory Developments Focus - February 2016

A&O Shearman
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On January 29, 2016, the US Board of Governors of the Federal Reserve System extended the comment period to March 21, 2016, for the proposed policy statement...

United StatesFinance and Banking
A&O Shearman
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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.

US Board of Governors of the Federal Reserve System Extends Comment Period for Proposed Countercyclical Capital Buffer Framework

On January 29, 2016, the US Board of Governors of the Federal Reserve System extended the comment period to March 21, 2016, for the proposed policy statement describing the Federal Reserve Board's framework in setting the Countercyclical Capital Buffer. The original deadline for submission of comments was February 19, 2016. The Federal Reserve Board first announced it was soliciting public comment on the proposed policy statement on December 21, 2015. The CCyB is a macro-prudential tool that raises capital requirements on internationally active banking institutions when the risk of above-normal

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