Purpose and applicability.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) Is an advanced approaches Board-regulated institution or a Category III Board-regulated institution; (ii) Is not a consolidated subsidiary of a bank holding company; and (iii) Is not a consolidated subsidiary of a foreign banking organization. (2) (ii) A bank holding company that becomes a global systemically important BHC pursuant to § 217.402 must calculate its GSIB surcharge pursuant to § 217.403 by December 31 of the year in which the bank holding company is identified as a global systemically important BHC and must use that GSIB surcharge for purposes of determining its maximum payout ratio under Table 1 to § 217.11 beginning on January 1 of the year that is immediately following the full calendar year after it is identified as a global systemically important BHC. (c) (2) The Board may adjust the amount of the GSIB surcharge applicable to a global systemically important BHC, or extend or accelerate any compliance date of this subpart, if the Board determines that the adjustment, extension, or acceleration is appropriate in light of the capital structure, size, complexity, risk profile, and scope of operations of the global systemically important BHC. In increasing the size of the GSIB surcharge for a global systemically important BHC, the Board shall follow the notice and response procedures in 12 CFR part 263, subpart E.

official document · source cfr-2024 · id 12:§ 217.400