A Proposal for Rebalancing US Supervision of Foreign Banking Organizations | White & Case LLP International Law Firm, Global Law Practice
A Proposal for Rebalancing US Supervision of Foreign Banking Organizations

A Proposal for Rebalancing US Supervision of Foreign Banking Organizations

The Board of Governors of the Federal Reserve System ("Board") appears ready to propose rules to implement enhanced prudential capital and other standards for foreign banking organizations with banking operations in the United States ("FBOs"). Board Governor Daniel K. Tarullo, in a recent speech given to the Yale School of Management Leaders Forum, presaged a proposal designed to achieve a rebalanced approach to FBO supervision. That is, one that would recognize both the benefits that FBOs bring to the US economy and the risks that their increased presence may pose to the financial stability of the United States.

Click here to download PDF.

 

This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.
© 2012 White & Case LLP