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On October 24, 2016, the US Federal Reserve Board announced that it had voted to affirm the countercyclical capital buffer at the current level of zero percent.
On October 24, 2016, the US Federal Reserve Board announced that
it had voted to affirm the countercyclical capital buffer at the
current level of zero percent. The release notes that the CCyB is a
macroprudential tool that can be used to raise capital requirements
on internationally active banking organizations when such
organizations are exposed to an elevated risk of abovenormal future
losses. In such circumstances, the CCyB would be available to help
banking organizations absorb higher losses and to moderate credit
supply fluctuations.
The Federal Reserve Board's release noted that the Federal
Deposit Insurance Corporation and the OCC were consulted before the
Federal Reserve Board voted on this decision. Should the Federal
Reserve Board in the future modify the CCyB amount, banking
organizations would have twelve months before an increase becomes
effective unless the Federal Reserve Board decides on an earlier
effective date.
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