September 3, 2014 Alert - Federal Reserve Board Approves Final LCR Rules
This morning, the Federal Reserve Board approved final rules to implement the Liquidity Coverage Ratio (“LCR”) in the U.S. as established by the Basel Committee on Banking Supervision. Please see here also for the board memo. The Federal Deposit Insurance Corporation also will be meeting this afternoon to vote on the LCR rule. In January 2014, SFIG responded to the Notice of Proposed Rulemaking on the LCR and has continued to engage members in anticipation of the release of the Final Rule.

Please stay tuned for SFIG’s high level summary of the LCR rules to follow shortly.

SFIG will hold a call on Thursday, September 11th at 2:00 p.m. (EST) for a more detailed review of the Final Rule with the Regulatory Capital and Liquidity Committee. To join this Committee and participate in the call, please email Mary Robinson
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