Board Actions PDF

Actions taken during the week ending July 29, 2023


UBS Group AG and Credit Suisse AG, both of Zurich, Switzerland, and Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch, both of New York, New York -- issuance of a consent cease-and-desist order and order of assessment of a civil money penalty.
Announced: July 24, 2023


Division of Management -- appointment of Alfonso Dyson Sr. as assistant director. *
Approved: June 26, 2023

Regulations and Policies

Regulatory Capital Rules -- (1) interagency notice of proposed rulemaking (NPR) and request for comment to amend the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity and (2) NPR and request for comment to make certain adjustments to risk-based capital surcharges for global systemically important bank holding companies.
Approved: July 27, 2023

Reserve Bank Operations

Federal Reserve Bank of Kansas City -- appointment of Jeff Schmid as president.
Approved: July 27, 2023

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Last Update: August 03, 2023