The Federal Reserve Board (Board) recently adopted final rules representing the most significant change in U.S. regulation of foreign banking organizations (FBOs) since the International Banking Act of 1978. Perhaps most...more
The Board of Governors of the Federal Reserve System (“Board”) in December 2012 issued a proposed rule under the Dodd-Frank Act (“DFA”) for the enhanced supervision of foreign banking organizations (“FBOs”) and any foreign...more
7/8/2013
/ Bank Holding Company ,
Banks ,
Board of Directors ,
Business Assets ,
Capital Markets ,
Compliance ,
Debt ,
Dodd-Frank ,
Federal Reserve ,
Financial Institutions ,
Foreign Banks ,
Nonbank Firms ,
Private Equity ,
Risk Management ,
Supervision
While several foreign banking organizations (“FBOs”) were restructuring their U.S. presence to reduce the impact of U.S. regulation, the Board of Governors of the Federal Reserve System (“Board”) recently countered with...more