Amendments to the Capital Plan Rule

March 8, 2019 Regulation lookup, The Fed 0

Title:
Amendments to the Capital Plan Rule
Subject: Capital
Agency: Federal Reserve
Status: Final rule
Summary:
The Board is amending the capital plan rule to limit the scope of potential objections to a firm’s capital plan on the basis of qualitative deficiencies in the firm’s capital planning process (qualitative objection). In particular, effective immediately, the Board will no longer issue a qualitative objection under the capital plan rule to a firm if the firm has been subject to a potential qualitative objection for four consecutive years, and the firm does not receive a qualitative objection in the fourth year of that period. In addition, except for certain firms that have received a qualitative objection in the immediately prior year, the Board will no longer issue a qualitative objection to any firm effective January 1, 2021.
FR Doc: 2019-04515
Date proposed:
Comments due date:
Final rule effective date:

March 13, 2019; the removal of the qualitative objection under the capital plan was applicable on March 6, 2019
Rule compliance date:
Related Reg Report item(s):