Remigio Ferrara

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Remigio Ferrara - NMLS ID #476380
Senior Loan Officer, McLean Mortgage Corporation

11325 Random Hills Road Suite 400 Fairfax, VA 22030
Website • Office: 571-419-6632 • Cell: 703-622-6999

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Federal Reserve Board advises large financial institutions to carefully evaluate transactions intended to reduce risk

December 20, 2013 by Remigio Ferrara

Release Date: December 20, 2013

For immediate release

The Federal Reserve Board on Friday advised large financial institutions to carefully evaluate transactions intended to reduce risk to ensure that, if risks are shifted to a thinly capitalized counterparty or affiliated entity of the firm, any residual risk is effectively captured in the firm’s internal capital adequacy assessment. Examiners will closely consider such transactions, and potential residual risks, when evaluating an institution’s capital adequacy.

Following inquiries from banking institutions and investors, the Board issued the guidance to clarify that while efforts to reduce risk can be positive, certain transactions can result in residual risks to the firm that may not be accounted for in risk-based capital measures. Institutions should be able to demonstrate that the residual risks are fully reflected in their internal assessment of capital adequacy and that they maintain sufficient capital to account for such risks.

Supervisors will closely scrutinize risk-transfer transactions that result in substantial reductions in risk-weighted assets when assessing capital adequacy, including during the annual Comprehensive Capital Analysis and Review of the 30 largest financial institutions.

SR Letter 13-23

Filed Under: Banking & Consumer Reg Policy

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Remigio Ferrara

Senior Loan Officer, McLean Mortgage Corporation

11325 Random Hills Road, Suite 400
Fairfax, VA 22030

Website: www.mcleanlending.com/lo_rferrara.php
Office: 571-419-6632
Cell: 703-622-6999
NMLS ID #476380

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DE Mortgage Loan Originator #: MLO-476380
FL Mortgage Loan Originator #: LO30974
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