Single-Counterparty Credit Limits (SCCLs)
After issuing a proposal in 2011 and then another in 2016, the Federal Reserve has finalized standards governing the single-counterparty credit limits(SCCLs) mandated by the Dodd-Frank Act.3 The final rule also reflects the changes to the threshold at which BHCs are subject to Dodd-Frank systemic regulation mandated by the new financial-reform law. It thus increases the BHC size at which SCCLs are applicable from $50 billion to $250 billion and makes similar changes to the treatment of foreign banking organizations (FBOs) and intermediate holding companies (IHCs) with assets above $50 billion of foreign banks with consolidated global assets above the $250 billion threshold.