TheFederal Reserve Board proposed changes to its rule setting capital for global systemicallyimportant banks.
Thechanges are for a final rule, approved on July, 20, 2015, that requires G-SIBsto carry varying levels of capital as a surcharge, depending on their systemicrisk. The amendments clarify that G-SIBs must continue to calculate surchargesusing year-end data, and report related surcharge data on a quarterly basis,the Fed said in an April 7 release. They also clarify that surcharge scores areto be computed in measurements of billions of dollars, and they add informationabout how to calculate short-term wholesale funding scores during the rule'stransition period.
TheFed is accepting comments on the proposal until May 13.