Tuesday, January 21, 2020
2:00 – 3:30 pm (Eastern Time)
1:00 – 2:30 pm (Central Time)
12:00 – 1:30 pm (Mountain Time)
11:00 – 12:30 pm (Pacific Time)
On September 17, 2019, the federal banking agencies adopted a final rule that provides community banking organizations flexibility in adopting simplified regulatory capital requirements. This rule, known also as the community bank leverage ratio (CBLR), allows qualifying community banks to avoid calculating and reporting risk-based capital ratios. The CBLR becomes effective this January and eligible institutions can opt in to the framework beginning in the first quarter of 2020 by completing a CBLR reporting schedule in its Call Report or Form FR Y-9C.
This webinar delivers an overview of the final rule and reviews:
- Qualifying criteria for the CBLR framework;
- Opting in (and out) of the CBLR framework, as well as compliance obligations; and
- Benefits and risks for institutions opting into the new CBLR framework.
This webinar is appropriate for:
- Bank treasury staff, attorneys, regulatory compliance specialists, and other critical bank personnel;
- Executive officers, directors, and other senior management; and
- Personnel interfacing with federal bank regulatory agencies (Federal Reserve, OCC, and FDIC).
John Popeo is a principal at The Gallatin Group, a consulting firm that advises financial institutions, investment companies and technology firms on a range of complex transactions and bank regulatory matters. Prior to joining Gallatin, Mr. Popeo was a senior associate in the financial institutions group (FIG) at Hogan Lovells US LLP. He spent a decade in various roles at the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank of Boston. At the FDIC, Mr. Popeo assisted in responding to the 2008 global financial crisis and represented the agency before various subcommittees of the Financial Stability Oversight Council (FSOC). Mr. Popeo also drafted regulations to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Earlier in his career, he worked in the Financial Litigation Unit of the United States Attorneys’ Office. Mr. Popeo also serves as a faculty member at the Financial Integrity Institute at Case Western Reserve University School of Law.
1.5 CPE Credits