Fed, OCC extend comment deadline on revised supplemental leverage ratio standards

The deadline for comments on banking regulators’ proposed changes to the “enhanced supplementary leverage ratio” (eSLR) standards for U.S. top-tier bank holding companies (BHCs) and subsidiaries has been extended to June 25, the Federal Reserve Board (Fed) and Office of the Comptroller of the Currency (OCC) said Friday.

The proposal was issued in April with a May 21 comment deadline; commenters pushed for an extension.

The proposed rule would modify the eSLR standards for BHCs identified as global systemically important BHCs (G-SIBs) and certain of their insured depository institution subsidiaries. It also includes conforming modifications to the Fed Board’s total-loss absorbing capacity and long-term debt rules.

This proposal was issued by the Fed with Gov. Lael Brainard dissenting, and without the support of the FDIC. (See story.)

Joint Fed Board/OCC release