EY - Single Counterparty Credit Limits

EY Banking & Capital Markets Webcast

Single Counterparty Credit Limits:

US notice of proposed rulemaking

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The Single Counterparty Credit Limits (SCCL) US notice of proposed rulemaking (NPR) is part of the Dodd-Frank Act, building on earlier proposals released by the FRB in 2011 and 2012 applicable to US Bank Holding Companies and foreign banking organizations with $50 billion or more in consolidated US assets ("covered companies"). 

The revised NPR is more closely aligned with the Basel Committee's International Standards for Measuring and Controlling Large Exposures finalized in 2014 and takes into consideration comments received on the original proposal as well as the outcomes from both industry and supervisory QIS exercises.

However, there are several requirements proposed in the NPR that present operational, data and technology challenges for covered companies.

This interactive webcast will cover highlights of the latest NPR and implications for various banking organizations if the proposals are finalized as proposed.


Panelists


  • Adam Girling, Principal, Ernst & Young LLP (US), New York
  • Vipul Karundia, Executive Director, Ernst & Young LLP (US), New York
  • Markus Buri, Senior Manager, Ernst & Young LLP (US), New York
  • Srinivas Kalyanaraman, Senior Manager, Ernst & Young LLP (US), New York

Moderator


  • Judy Modica, Executive Director, Ernst & Young LLP (US), New York