Treasury official calls on Fed to review FBO rules

Senate bill aims to relax US Sifi threshold but offers no relief for foreign banks

FBOs lobbied hard to raise the EPS threshold for all banks to $250 billion

A senior official at the US Treasury department has called on the Federal Reserve to align its requirements for foreign banks with a legislative proposal that exempts US banks with less than $250 billion in assets from heightened regulatory oversight.

The Senate voted earlier today (March 6) to begin debate on a bill that would raise the asset threshold at which US banks qualify as systemically important financial institutions (Sifis) from $50 billion to $250 billion in consolidated assets.


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