On April 8th, each of the OCC, the Federal Reserve Board and the FDIC (collectively, the "Agencies") voted to adopt a final rule that strengthens supplementary leverage ratio standards for large, interconnected U.S. banking organizations (the "Final Rule"). Consistent with the Agencies' proposed rule released in August 2014, the Final Rule requires bank holding companies that have been identified as globally systemically important banks ("G-SIBs") to maintain a supplementary leverage ratio of at least 5% and requires their bank subsidiaries to hold a supplementary leverage ratio of at least 6%.
The final rule is effective on January 1, 2018.
For a copy of the Final Rule, please click here.