July 06, 2018
Agencies issue statement regarding the impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For release at 1:30 p.m. EDT
WASHINGTON--Federal banking agencies today issued a statement detailing rules and associated reporting requirements that are immediately affected by the enactment of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
These changes affect company-run stress testing, resolution plans, the Volcker rule, high volatility commercial real estate exposures, examination cycles, municipal obligations as high-quality liquid assets, and other provisions.
The statement from the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency describes interim positions the regulatory agencies will take before incorporating the changes into their regulations.