A long-awaited package of critical regulations from the Federal Reserve Board — viewed by many as the core of the Dodd-Frank Act — are expected to be released Tuesday, according to a person familiar with the matter.
There's been wide speculation in Washington that the Fed is imminently close to completing the batch of rules, which were once believed to be upwards of 2,000 pages but are now expected to be significantly less, around 400.
The rules, which would implement Sections 165 and 166 of the Dodd-Frank, had been expected to come out this summer but were delayed due to the complexity of the effort.
The rules cover some of the biggest issues in financial services, including risk-based capital requirements, leverage, resolution planning and concentration limits.
They will also detail how the Fed plans to regulate large, interconnected financial institutions — as well as non-banks — for the first time.
Banks have been anxiously awaiting the package of rules so they will have greater clarity on what the regulations will be