Details

  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 8/12/2011

Regulatory Practice Letter #11-18 

Fed Supevision of SLHCs – First Inspection Cycle Guidance
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On July 21, the Federal Reserve Board (“Fed”) gained the Office of Thrift Supervision’s (“OTS”) supervisory authority for savings and loan holding companies (“SLHCs”) and subsidiaries of SLHCs that are not depository institutions pursuant to Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). In addition, it gained rule-writing authority relating to SLHCs, which include certain provisions of the Home Owners’ Loan Act (“HOLA”)