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FDIC Announces Meeting to Discuss Supplementary Leverage Ratio

April 2, 2014

The FDIC has announced that the Board of Directors will meet in open session at 2:00 PM on April 8th to discuss, among other things, a notice of proposed rulemaking to implement revisions to the denominator measure for the supplementary leverage ratio (“SLR”). 

In July 2013, in response to Basel III and the Dodd-Frank Act, the FDIC, OCC and Federal Reserve Board (collectively, the “Agencies”) adopted final rules implementing Basel III in the U.S. (the “Final Rule”), which included SLR regulations for advanced approaches banking organizations and, in August 2013, the Agencies proposed an amendment to the SLR regulations (the “Proposed Amendment”).  In both the Final Rule and the Proposed Amendment, the Agencies expressed an intent to continue to review and consider amendments to the SLR denominator in response to revisions made to the Basel leverage ratio.  In January 2014, the Basel Committee on Banking Supervision published its final leverage ratio framework and disclosure requirements.  It appears that the FDIC is now considering revisions to the SLR regulations in light of the final Basel leverage ratio requirement.

For a copy of the FDIC's announcement, please click here.