The Federal Reserve Board (FRB) last month issued proposed rules (Proposal) to implement the enhanced prudential standards and early remediation requirements of Sections 165 and 166 of the Dodd-Frank Act. The Proposal — which generally applies to large (greater than $50B in assets) bank holding companies (BHCs) and nonbank financial companies designated as systemically significant (SIFIs) by the Financial Stability Oversight Council (FSOC) (collectively, Covered Companies) — also in-cludes provisions of particular relevance to savings and loan holding com-panies (SLHCs). This summary provides a high level overview of the Proposal and its impact on SLHCs.
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