Rules & Rulings: Regulation, Legislation, and the Courts – November 2020

PRUDENTIAL REGULATORS ISSUE FINAL REGULATORY CAPITAL RULE

On October 8, 2020, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation jointly issued a final rule that revises the definition of “eligible retained income” in the agencies’ regulatory capital rule. The final rule is effective January 1, 2021. No changes were made to the interim final rule that the agencies issued on Ma…