Bankowość · 05/06/2019

OCC, Board, and FDIC Jointly Adopt Final Rule on Liquidity Coverage Ratio for Municipal Obligations

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC) are jointly adopting a final rule, without change, that treats liquid and readily-marketable, investment grade municipal obligations as high-quality liquid assets, as mandated by section 403 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, effective August 31, 2018.