The FRB has finalized its approach for collecting assessment fees from large BHCs, S&LHCs, and systemic firms as mandated by the Dodd-Frank Act. The final assessment methodology largely mirrors the Fed’s proposal, retaining its complex method for measuring covered institutions as well as the manner in which it will calculate its expenses. As a result, the Board’s first round of fees will total its original estimation of $440 million from seventy firms, a significant amount with serious cost implications for the largest BHCs that bear the brunt of the new assessment.
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