Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Fed seeks comments on framework for foreign banks 

Joe Mont | April 10, 2019

The Federal Reserve Board is inviting public comment on a regulatory framework that would more closely match the rules for foreign banks with the risks they pose to the U.S. financial system. The changes would maintain the most stringent requirements for firms with the most risk, while reducing compliance requirements for firms with less risk.

Under the proposed framework, foreign banks with $100 billion or more in U.S. assets would be sorted into categories of increasingly stringent requirements based on several factors. The factors, which reflect banks’ complexity and risk to the financial system, include asset size, cross-jurisdictional activity, reliance on short-term wholesale funding, non-bank assets, and off-balance-sheet exposure.

...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.