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Home Archive for category "Enhanced Prudential Standards" (Page 6)
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Governor Tarullo Foreshadows Proposal to Ring-Fence Large U.S. Operations of Foreign Banks

In an unprecedented and provocative speech, Federal Reserve Governor Daniel K. Tarullo foreshadowed a proposal from the Federal Reserve Board that could fundamentally change the way foreign banks are regulated in the United States. As previewed, the proposal would require foreign banks with large operations in the U.S. to create a separately capitalized top-tier U.S. intermediate holding company (“IHC”) that would sit on top of all U.S. bank and nonbank subsidiaries. The IHC would be required independently to meet all U.S.…  Read More

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