Regulatory Alerts2023-09-01 | 2023-16896Regulatory Capital Rule: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies; Systemic Risk Report (FR Y-15)
The Board of Governors of the Federal Reserve System proposes amendments to the risk-based capital surcharge framework for global systemically important bank holding companies (GSIBs) and the associated Systemic Risk Report (FR Y-15). The proposal requires GSIBs to report key systemic indicators as averages of daily or monthly values rather than point-in-time measurements to reduce temporary volatility and limit regulatory arbitrage. Additionally, the rulemaking seeks to improve risk capture by refining indicator measurements, reducing cliff effects in surcharge calculations, and enhancing data consistency across reporting requirements.
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