Banking agencies adopted several interim final rules that increase asset thresholds for qualifying insured depository institutions. The new rules would expand eligibility for an 18-month on-site examination cycle.
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In a 2018 Annual Report, the Financial Stability Oversight Council recommended that financial regulatory agencies take additional steps to ensure U.S. financial stability.
In an Information Notice, FINRA provided firms with the due dates for filing requests of extension of time for bank and exchange holiday closures in 2019.
The Federal Reserve Board, the FDIC, and the Office of the Comptroller of the Currency (collectively, the "agencies") joint proposal that would tailor the application of the agencies' capital and liquidity rules to large U.S. banking organizations was published in the Federal Register. Comments must be received by January 22, 2019. As previously covered, the proposal would establish categories of prudential standards in order to align regulatory capital, liquidity coverage ratio and net stable fund ratio requirements with a firm's risk profile.
The SEC request for comment on the "nature, content and timing" of quarterly reports submitted by reporting companies was published in the Federal Register. Comments must be received by March 21, 2019. As previously covered, the SEC is specifically seeking feedback on: the relationship between the quarterly reports that Exchange Act reporting companies are required to provide on Form 10-Q and the earnings releases they voluntarily provide on Form 8-K; whether SEC rules should "provide reporting companies, or certain classes of reporting companies, with flexibility as to the frequency of their