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The Fed's New Proposals Are Unlikely To Affect The Ratings On U.S. Large Complex Banks Dec 11

  • ID: 2035008
  • December 2011
  • Standard & Poors
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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.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, READ MORE >

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- Goldman Sachs & Co.

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