CAPITAL STANDARDS: Federal Banking and Thrift Regulatory Agencies Issue Rulemakings Advancing Risk-Sensitive Capital Requirements for Sponsors of Asset-Backed Commercial Paper Programs Affected by Financial Accounting

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The federal banking and thrift regulatory agencies - through an interim final rule - are temporarily amending their risk-based capital requirements for the assets of sponsors of asset-backed commercial paper (ABCP) programs that are impacted by "Financial Accounting Standards Board Interpretation No. 46, Consolidation of Variable Interest Entities." Through a notice of proposed rulemaking, the agencies are proposing a risk-based capital requirement on all liquidity facilities extended to ABCP programs, and putting forth a risk-based capital requirement for certain types of consumer securitizations that incorporate early amortization provisions.Standards Board Interpretation No. 46, Consolidation of Variable Interest Entities," and Issuers of Consumer Securitizations With Early Amortization Provisions
• Subject:
  Capital
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2003/fil0374.html
• Format:
  PDF
• Release Date:
  10/01/2003
• Update Date:
  11/13/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Board of Governors of the Federal Reserve System (The Fed) ; Office of the Comptroller of the Currency (OCC) ; Office of Thrift Supervision (OTS)
• Fdic Employee Involved:
  Michael J. Zamorski ; Jason C. Cave ; Michael B. Phillips
• Other Institutions Involved:
  Financial Accounting Standards Board
• Related Regulation:
  "Financial Accounting Standards Board Interpretation No. 46, Consolidation of Variable Interest Entities" (FIN 46) ; 12 CFR Part 325
• Comment Period End Date:
  11/17/2003
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• FIL Number:
  FIL-74-2003
• Main Document Checksum:
  urn:sha256:d816d0681a449256d8456599a84c30673f8cd3deb770d1d2efac5b8b22ea0a5f
• Download URL:
  https://archive.fdic.gov/view/fdic/8564/fdic_8564_DS1.pdf
• File Type:
  [PDF - 715.90 KB ]