19 Mar 2024
Risk Management Requirements for Certain Systemically Important Financial Market Utilities
On March 8, 2024, the Federal Reserve Board issued a final rule for supervised systematically important financial market utilities (FMUs), enhancing risk management standards, as well as safety and soundness. Once published in the federal register, FMUs are required to comply with the provisions within 180 days after publication with few exceptions. Access this practice note to gain an overview of the risk management standards and amendments contemplated under the final rule.
Related Content
- Systemic Risk Regulation of Systemically Important Financial Institutions
Explore the federal regulation in place to address systemic risk and "too-big-to-fail" concerns associated with the domestic and global financial markets. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created sweeping changes designed to address systemic risks of large financial firms and enhance accountability and transparency in the financial system.
- Enhanced Prudential Standards for Large U.S. Banking Organizations
See this overview of the enhanced prudential standards, implemented by the Federal Reserve, for large U.S. bank holding companies (BHCs) designated as Systemically Important Financial Institutions (SIFIs). This practice note also reviews the federal capital, liquidity, debt to equity, single counterparty credit, and risk management requirements.
- Enhanced Prudential Standards for Foreign Banking Organizations
Access this practice note for a thorough review of the enhanced prudential standards, implemented by the Federal Reserve, for foreign banking organizations (FBOs) and their U.S. operations classified as SIFIs. This practice note also explores the standards that must be adopted by FBOs to mitigate risks to the U.S. financial system.
- Risk Management and Governance for Large Financial Institutions
Explore the consolidated supervision framework requirements put in place by federal banking regulators, to govern large financial institutions classified as SIFIs.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insights documents on trending areas for financial service organizations.
- Financial Services Regulations Fundamentals Resource Kit and In-House Banking and Financial Services Resource Kit provide links to practice notes, checklists, articles, and guidance on key issues, laws, and regulations applicable to in-house lawyers and counsel advising on risk management for bank and non-bank financial institutions.
- State Law Comparison Tool, Financial Institution Regulation topic, allows the practitioner to compare key state laws and regulations. This state law comparison tool covers licensing and capital requirements, conditions to doing business in the state, AML/CFT guidelines, recordkeeping, supervision, and enforcement authority, for banking and non-banking institutions.
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