ARTICLE
26 April 2019

Bank Regulators Propose Revised Framework, Rules For FBOs

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The Federal Reserve Board ("FRB") proposed to implement the "tailored" application of the prudential requirements to foreign banking organizations ("FBOs").
United States Finance and Banking

The Federal Reserve Board ("FRB") proposed to implement the "tailored" application of the prudential requirements to foreign banking organizations ("FBOs"). In addition, the FRB, the Office of the Comptroller of the Currency and the FDIC proposed a joint regulation to apply the capital liquidity requirements to the U.S. operations of foreign banks. Finally, the FRB and the FDIC issued ?a proposed regulation that would amend the resolution planning (or "living will") requirements as applied to the U.S. operations of FBOs.

A full summary will be provided in an upcoming Cabinet newsletter.

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