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Capital and Prudential Standards Blog Relaunching in Early 2017

The Davis Polk Capital and Prudential Standards Blog is under redesign. We plan to relaunch in early 2017.

In the meantime, please visit the Financial Institutions Group Capital and Prudential Standards resource page available at this link.…  Read More

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U.S. Basel III Liquidity Coverage Ratio (LCR) Final Rule: Visual Memorandum

The U.S. banking agencies have issued a final rule to implement the Basel III liquidity coverage ratio (LCR) in the United States. The LCR requires large banking organizations to maintain a minimum amount of liquid assets to withstand a 30-day standardized stress scenario. The U.S. LCR final rule is more stringent than the Basel Committee’s LCR framework in several significant respects. In addition, the final rule makes a number of key changes to the proposed rule.

Davis Polk’s visual memorandum uses diagrams, flowcharts, timelines, examples and comparison tables to illustrate key aspects of the U.S.…  Read More

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Visuals of Federal Reserve’s 2014 Stress Test Results (Updated to Reflect CCAR Results)

We have prepared visuals (available here) of the Federal Reserve’s 2014 supervisory Dodd-Frank Act stress test (“DFAST“) results.   Update: We have updated these visuals to reflect the company-run DFAST results and the Federal Reserve’s 2014 Comprehensive Capital Analysis and Review (“CCAR“) results. 

Background:  On March 20, 2014, the Federal Reserve published results of the 2014 supervisory DFAST for 30 U.S. bank holding companies with $50 billion or more in total consolidated assets (“Large BHCs“). …  Read More

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The Failure of Mt. Gox and Other Recent Bitcoin Catastrophes: Why Banks Should Care

Related: March 5, 2014. Davis Polk’s Reuben Grinberg discusses the evolution of Bitcoin and whether it’s here to stay. He speaks with Trish Regan and Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Although Davis Polk does not yet accept Bitcoin, we have been closely following the rapid-fire booms, busts and arrests in the Bitcoin and the larger cryptocurrency space.

Cryptocurrencies – including Bitcoin, Ripple, Litecoin, Dogecoin and about a hundred others – are essentially money in the form of artificial commodities of limited total supply, which are transmittable quickly and without cost over the internet without a financial intermediary.…  Read More

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