FDIC Set to Vote on Final Liquidity Coverage Ratio and Supplementary Leverage Ratio Rules

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August 28, 2014

The FDIC has announced an open meeting on September 3, 2014, at 2:00 p.m. Eastern time to vote on final regulations implementing the liquidity coverage ratio (LCR) and changes to the supplementary leverage ratio (SLR). Proposed LCR regulations would assign a 100% outflow amount to any unfunded commitment provided by a U.S. bank to a special purpose entity and would not include ABS or private label MBS as high quality liquid assets. Proposed changes to the SLR would assign a 20% or 50% credit conversion factor to all unused credit and liquidity commitments of less than or equal to one year and greater than one year, respectively in determining the amount of those commitments required to be included in the SLR denominator.

As previously noted, the Federal Reserve Board has announced an open meeting on
September 3 to vote on final LCR regulations. That announcement did not, however, mention a vote to approve changes to the SLR.

For a copy of the FDIC meeting notice, click here

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