Alert December 14, 2010

FDIC Board Approves Several Rulemaking Issuances

The Board of Directors of the FDIC today approved the following: (1) an interagency notice of proposed rulemaking to implement certain provisions of Section 171 of the [Dodd-Frank Act] (commonly known as the Collins Amendment), including the establishment of risk-based capital floors for large financial institutions; (2) an interagency notice of proposed rulemaking to revise the risk-based capital guidelines regarding market risk; and (3) a final rule to set the deposit insurance fund’s designated reserve ratio at two percent of estimated insured deposits.  Please see future editions of the Alert for additional details on these issuances.