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Supervised Investment Bank
Holding Company Rules
Summary
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SEC
established two separate voluntary regulatory programs to supervise
broker-dealers (B/D) and their affiliates on a consolidated basis
Program 1
- The program establishes an alternative capital
computation method to compute certain market and credit risk capital charges by
using internal mathematical models
- This applies to B/Ds that are part of a holding
company that manages risks on a group-wide basis and consents to group-wide
Commission supervision
- The B/D's holding company and its affiliates subjected to Commission supervision
will be referred to as a Consolidated Supervised Entity (CSE)
Program 2
- According to program two, an Investment Bank Holding Company (IBHC) and its
affiliates can voluntarily register as a Supervised Investment Bank Holding
Company (SIBHC) and be subject to supervision on a group-wide basis
- Registration as an SIBHC is limited to IBHCs that are not affiliated with
certain types of banks and that have a substantial presence in the securities
markets
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Statute
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Exchange
Act § 17(i)
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SEC Rules
SEC Releases
Related Topics
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Broker-Dealers
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