New Regulatory Rules Likely Will Have A Limited Impact On U.S. Nonbank Financial Company Ratings May 12
- Language: English
- Published: May 2012
- Region: United States
On Dec. 20, 2011, The Board of Governors of the Federal Reserve System published a request for comment (RFC) on proposed rules that address sections 165 and 166 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA). The proposals include minimum risk-based capital and leverage requirements, liquidity standards, general risk-management guidelines, counterparty credit limits, and stress-test requirements, plus early remediation requirements. The proposed rules outlined in the RFC apply to "covered companies," as the DFA defines. Covered companies generally include bank holding companies with consolidated assets of at least $50 billion and nonbank financial companies, as designated by the Financial Stability Oversight Council. The proposals fall within Standard & Poor's Ratings Services' expectations, and we've already incorporated them...
Companies mentioned in this report are:
- Goldman Sachs & Co.
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Research Type: Commentary
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