Federal Reserve's Enhanced Prudential Supervision for Foreign Banks

PLI Webcast

03/14/2014 01:00 p.m. - 02:00 p.m. EDT

Corporate Finance | Capital Markets, Financial Services, and Finance

Barbara R. Mendelson and Henry M. Fields

Henry M. Fields and Barbara R. Mendelson


Read the presentation materials.

On February 18, 2014, the Federal Reserve Board released final rules establishing enhanced prudential standard requirements for certain foreign banking organizations operating in the United States. These rules initially had been proposed in December 2012 and were the subject of extensive comments from market participants.

Topics of discussion:

  • Scope of coverage;
  • The requirement to organize US subsidiaries under a US intermediate holding company;
  • Risk-based capital, leverage and liquidity requirements;
  • Risk management, risk committee, company-run stress testing and other requirements;
  • National treatment and competitive equity issues; and
  • Impact on foreign banks’ US operations, including their funding programs and tax considerations.

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