Large Banks Leverage Ratio final rule and proposal

A joint press release has been issued by the Federal Reserve Board, the FDIC, and the OCC announcing the adoption of a final rule to strengthen the leverage ratio standards for the largest, most interconnected U.S. banking organizations with more than $700 billion in consolidated total assets or more than $10 trillion in assets under custody and their insured depository institution subsidiaries. A notice of proposed rulemaking was also issued that would modify the denominator calculation for the supplementary leverage ratio in a manner consistent with recent changes agreed to by the Basel Committee on Banking Supervision.