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Federal Reserve finalizes prudential and resolution plan tailoring rules

The Federal Reserve has finalized rules that will ease capital and liquidity requirements for domestic banks with assets less than $700 billion and US branches of foreign banks, lowering capital requirements by about 0.6% and liquidity requirements by about 2%, according to its own estimates. SIFMA has welcomed the new rules but notes: "We are encouraged by the actions taken today to reduce burdens on domestic banking organizations who pose reduced risk to the financial system, but remain concerned that the tailoring rule does not address many of the punitive requirements that impact non-systemically important foreign banks operating in the US."

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