First look: A Practical Guide to the Federal Reserve’s Newly Enhanced Prudential Standards for Foreign Banks
Nearly a year after releasing extensive proposed prudential standards governing large U.S. banking organizations, the Federal Reserve has issued a proposed rule that would overhaul the ways in which it would supervise foreign banking organizations (FBOs) operating in the United States. What strategies may help financial institutions adjust to what lies ahead? This paper provides:
- Insights to specific areas of the guidance such as legal entity structure and governance, risk management, capital, liquidity, stress testing, early remediation, single counterparty credit limits, and regulatory reporting
- Steps banks may take to comply with the new rules
- Timing overview
Download this report to gain insights into how the Federal Reserve’s NPR on enhanced prudential standards for foreign banking organizations impacts the financial services industry and how financial institutions may prepare for what lies ahead.