Fed Unveils Final CET1 Rules For Non-Stock BHCsMani
The Federal Reserve Board on Friday unveiled final rules on the Basel III requirements for Common Equity Tier 1 (CET1) capital for ownership interests issued by depository institution holding companies that are structured as partnerships or limited liability companies.
On December 12, 2014, the Fed invited comment on a proposed rule that described how the CET1 requirement would apply to holding companies organized as partnerships or LLCs.
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