LEGAL INTERNATIONAL GLOBAL DEVELOPMENT HOLDING COMPANY
LEGAL INTERNATIONAL GLOBAL DEVELOPMENT HOLDING COMPANY
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TITLE IV--TAILORING REGULATIONS FOR CERTAIN BANK HOLDING COMPANIES
(Sec. 401) The bill amends the Financial Stability Act of 2010, with respect to nonbank financial companies supervised by the FRB and certain bank holding companies, to:
(Sec. 402) The bill requires the appropriate federal banking agencies to exclude, for purposes of calculating a custodial bank's supplementary leverage ratio, funds of a custodial bank that are deposited with a central bank. ("Supplementary leverage ratio" is a capital adequacy measure that refers to the ratio of a banking organization's tier-one capital to its leverage exposure.) The amount of such funds may not exceed the total value of deposits of the custodial bank linked to fiduciary or custodial and safekeeping accounts.
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