Today, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) proposed a new rule that would enable restrictions on discretionary bonus payments and capital distributions at any of the eight largest, "most systematically significant U.S. banking organizations" that fail to maintain "a tier 1 capital leverage buffer of at least 2 percent" of its assets, which is "above the minimum supplementary leverage ratio requirement of 3 percent, for a total of 5 percent." In addition, the rule would also require insured depository institutions of covered bank holding companies (BHCs) to "meet a 6 percent supplementary leverage ratio to be considered 'well capitalized' for prompt corrective action purposes. For more, read the full press release.