Effective date for Fed single-counterparty credit limits
The Board of Governors of the Federal Reserve System has published a final rule [83 FR 38460] to establish single-counterparty credit limits for bank holding companies and foreign banking organizations with $250 billion or more in total consolidated assets, including any U.S. intermediate holding company of such a foreign banking organization with $50 billion or more in total consolidated assets, and any bank holding company identified as a global systemically important bank holding company under the Board's capital rules. The rule will become effective October 5, 2018.
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