Fed to raise requirements for foreign banks: Not waiting for home country regulators

November 2012

At a glance

Fed to raise requirements for foreign banks: Not waiting for home country regulators

Federal Reserve Governor Daniel Tarullo spoke before the Yale School of Management Leaders Forum to outline a new “modified” regulatory approach.

Federal Reserve Governor Daniel Tarullo used the occasion of a speech before the Yale School of Management Leaders Forum on November 28, 2012 to outline a new “modified” regulatory approach which substantially narrows the structural flexibility that has been afforded to Foreign Banking Organizations (FBOs) operating in the US.

This FS Regulatory Brief describes the proposal in detail, which FBOs would likely be affected, and what these FBOs should be doing now.

To read this FS Regulatory Brief, please click here.