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Can you summarize 12 CFR Part 50?
COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY > LIQUIDITY RISK MEASUREMENT STANDARDS
Short Summary
The provided legal document content pertains to the liquidity risk measurement standards for certain national banks and Federal savings associations. These standards establish a minimum liquidity standard and a minimum stable funding standard for the mentioned institutions on a consolidated basis. The documents cover various aspects, including the calculation and maintenance of the liquidity coverage ratio (LCR) and the net stable funding ratio (NSFR). They provide guidelines for determining high-quality liquid assets (HQLA), calculating the total net cash outflow amount, and determining the net stable funding ratio. The documents also outline the requirements for notification and consultation with the OCC in case of non-compliance with the liquidity coverage ratio or the net stable funding ratio. The OCC has the authority to take additional supervisory or enforcement actions to address non-compliance. The documents apply to specific national banks and Federal savings associations based on their characteristics and risk profiles. Exemptions are provided for certain entities such as bridge financial companies, new depository institutions, and Federal branches or agencies. No specific penalties are mentioned in the provided legal document content.
Whom does it apply to?
Certain national banks and Federal savings associations on a consolidated basis, including GSIB depository institutions supervised by the OCC, Category II and Category III national banks or Federal savings associations, national banks or Federal savings associations with specific asset size, level of complexity, risk profile, scope of operations, affiliation with foreign or domestic covered entities, or risk to the financial system
What does it govern?
Liquidity risk measurement standards
What are exemptions?
Exemptions include bridge financial companies and their subsidiaries, new depository institutions or bridge depository institutions, and Federal branches or agencies
What are the Penalties?
No specific penalties are mentioned in this document
Jurisdiction
U.S. Federal Government