In this report, we continue our assessment of the 2018 financial-reform law, turning from the overall regional-BHC framework and new leverage-capital regulation to additional sections in the legislation that affect prudential standards governing insured depositories and their holding companies.  The most important of these for larger companies change one aspect of the U.S. rules setting the liquidity coverage ratio (LCR) and overturn some pending changes to commercial real estate risk weightings.  Large institutions also gain some relief selecting names for sponsored hedge or private-equity funds, but broader Volcker Rule changes await final action on a pending inter-agency proposal and any subsequent initiatives.

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