The Law Library

Total Loss-Absorbing Capacity, Long-Term Debt, and Clean Holding Company Requirements, etc. (US Federal Reserve System Regulation) (FRS) (2018 Edition) The Law Library

Total Loss-Absorbing Capacity, Long-Term Debt, and Clean Holding Company Requirements, etc. (US Federal Reserve System Regulation) (FRS) (2018 Edition) The Law Library presents the complete text of the Total Loss-Absorbing Capacity, Long-Term Debt, and Clean Holding Company Requirements, etc. (US Federal Reserve System Regulation) (FRS) (2018 Edition). Updated as of May 29, 2018 The Board is adopting a final rule to require a U. S. top-tier bank holding company identified under the Board's rules as a global systemically important bank holding company (covered BHC) to maintain outstanding a minimum amount of loss-absorbing instruments, including a minimum amount of unsecured long-term debt. In addition, the final rule prescribes certain additional buffers, the breach of which would result in limitations on the capital distributions and discretionary bonus payments of a covered BHC. The final rule applies similar requirements to the top-tier U. S. intermediate holding company of a global systemically important foreign banking organization with $50 billion or more in U. S. non-branch assets (covered IHC). The final rule also imposes restrictions on other liabilities that a covered BHC or covered IHC may have outstanding in order to improve their resolvability and resiliency; these restrictions are referred to in the final rule as "clean holding company requirements." This book contains: - The complete text of the Total Loss-Absorbing Capacity, Long-Term Debt, and Clean Holding Company Requirements, etc. (US Federal Reserve System Regulation) (FRS) (2018 Edition) - A table of contents with the page number of each section