On June 14, 2018, the Federal Reserve Board (the “Board“) approved a rule to limit the concentration of risk between global systemically important bank holding companies (“GISB“) and their counterparties. Under the rule, a GISB would be limited to a credit exposure of no more than fifteen (15) percent of such GISB’s tier 1 capital to another systemically important financial firm, and a bank holding company with over $250 billion in total consolidated assets would be limited to a credit exposure of no more than twenty-five (25) percent of its tier 1 capital to a counterparty. Release.