Regulatory Alerts2020-10-28 | 2020-21894Added · Updated
Treatment of Certain Emergency Facilities in the Regulatory Capital Rule and the Liquidity Coverage Ratio Rule
The Office of the Comptroller of the Currency, Federal Reserve Board, and FDIC have finalized amendments to the regulatory capital and liquidity coverage ratio rules for banking organizations. The agencies permanently neutralize both the capital and liquidity effects of participation in the Money Market Mutual Fund Liquidity Facility and Paycheck Protection Program Liquidity Facility, preventing balance sheet volatility. Furthermore, the rule mandates a zero percent risk weight for Paycheck Protection Program loans under capital regulations regardless of whether they are pledged to the Federal Reserve.
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