In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Derivatives
- Financial Market Infrastructure
- Financial Services
- Funds
- Recovery & Resolution
- Shadow Banking
- Events
- Excerpt from Bank Prudential Regulation & Regulatory Capital:
The Federal Reserve Board Proposes Enhanced Prudential Oversight for General Electric’s Financial Arm -
On November 25, 2014, the US Board of Governors of the Federal Reserve System (“Federal Reserve Board”) issued a proposed order to apply enhanced prudential standards to General Electric Capital Corporation (“GECC”), the financial arm of General Electric. The Financial Stability Oversight Council (“FSOC”) has designated GECC as systemically important under Section 165 of the Dodd-Frank Act. The enhanced prudential standards would be similar to those standards applicable to large bank holding companies and would include requirements for risk-based capital, leverage, liquidity, stress testing and other prudential standards.
Please see full publication below for more information.
