FDIC: Agencies Issue Final Rule Regarding the Treatment of Certain Municipal Obligations as High-Quality Liquid Assets
The federal bank regulatory agencies issued a final rule that will adopt without change the agencies' interim final rule issued in
The Economic Growth, Regulatory Relief, and Consumer Protection Act requires the agencies to treat a municipal obligation as HQLA under the LCR rule if that obligation is "liquid and readily-marketable" and "investment grade."
The final rule will be effective 30 days after publication in the
Attachment: Federal Register Notice (https://www.fdic.gov/news/news/press/2019/pr19044a.pdf)
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