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Washington
Inside Washington (12/20/2011)
  • WASHINGTON (12/21/11)--The Federal Reserve on Tuesday issued a package of rules viewed as the core of the Dodd-Frank Act. The rules were expected to be released this summer, but were delayed due to their complexity. The proposal includes measures addressing issues such as capital, liquidity, credit exposure, stress testing, risk management and early remediation requirements. The proposal generally applies to all U.S. bank holding companies with assets of $50 billion or more and any nonbank financial firms that may be designated by the Financial Stability Oversight Council as systemically important companies. The board will issue a proposal regarding foreign banking organizations shortly …


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