
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.)