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The US Federal Reserve Board Extends Comment Period for Global Systemically Important Banks Surcharge
02/26/2015The Federal Reserve Board extended until April 3, 2015 the comment period for its proposed rule to implement capital surcharges for global systemically important banks. Comments were originally due by March 2, 2015. The Federal Reserve Board extended the comment period to allow relevant parties more time to analyze the proposed rule and prepare comments. The proposal would establish a methodology to identify if a firm is a G-SIB as well as establish the size of a firm’s risk-based capital surcharge. The rule is expected to strengthen the capital positions of these financial institutions and if finalized as proposed, would be higher than international standards.
View the The Federal Reserve Board press release
View the The Shearman & Sterling Publication on the G-SIB Surcharge proposed rule
Financial Regulatory Developments Focus