Regulatory Alerts2019-05-15 | 2019-07895Prudential Standards for Large Foreign Banking Organizations; Revisions to Proposed Prudential Standards for Large Domestic Bank Holding Companies and Savings and Loan Holding Companies
The Board of Governors of the Federal Reserve System proposes to revise the framework for applying enhanced prudential standards to foreign banking organizations with $100 billion or more in total consolidated assets. The proposal establishes a category-based system to tailor the stringency of standards, including liquidity, risk management, and stress testing, based on the risk profile of a foreign banking organization's U.S. operations. Additionally, the Board seeks comment on corresponding revisions to domestic bank holding company standards and joint proposals with the OCC and FDIC regarding capital, liquidity, and resolution planning requirements.
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