Finance & markets · 24/01/2017

Total Loss-Absorbing Capacity, Long-Term Debt, and Clean Holding Company Requirements for Systemically Important US Bank Holding Companies and Intermediate Holding Companies of Systemically Important Foreign Banking Organizations

The Federal Reserve Board is adopting a final rule requiring top-tier US bank holding companies and intermediate holding companies of systemically important foreign banks to maintain minimum levels of unsecured long-term debt and adhere to 'clean holding company requirements' to enhance their resolvability and resiliency. The rule applies to companies with $50 billion or more in US non-branch assets.