CLS Blue Sky Blog

Cleary Gottlieb Discusses Proposed Capital-Requirement Increases for Banks

On July 27, 2023, the federal banking agencies released a lengthy proposal to revise the capital rules applicable to large banks and bank holding companies.  The headline news is that the banking agencies expect the proposal to increase capital requirements in the aggregate by 16% across banking organizations that have more than $100 billion in assets (large banking organizations).

This alert memo offers some quick takes on a few key points based on our initial review.

The following are links to the key documents released yesterday:

This post comes to us from Cleary Gottlieb Steen & Hamilton LLP. It is based on the firm’s memorandum, “U.S. Banking Agencies Propose Increases to Capital Requirements of Banking Institutions,” dated July 28, 2023, and available here.

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