Foreign banks expect Fed proposal imminently

Federal Reserve - autumn_credit Fed Reserve.jpg — Federal Reserve

Joanna Wright
26 Feb 2019

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The Federal Reserve will be announcing hotly anticipated changes to its regulatory template for foreign banks within the next two weeks, and possibly even this week, according to multiple sources.

The Fed has not signalled what approach it will take. It is said, however, to be happy with the tiering system it proposed for domestic banks on October 31, and may apply it to foreign banks, but nothing is certain just yet.

“There is going to be some effort to accommodate [foreign banks] and not

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