Bankowość · 27/01/2020

Regulatory Capital Rule to Exclude Certain Central Bank Deposits of Banking Organizations Predominantly Engaged in Custody, Safekeeping, and Asset Servicing Activities

The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation are issuing a final rule to amend the regulatory capital rule, excluding from the supplementary leverage ratio certain funds of banking organizations deposited with central banks if the banking organization is primarily involved in custody, safekeeping, and asset servicing activities, as mandated by the Economic Growth, Regulatory Relief, and Consumer Protection Act.