Richard Coffman with the Institute of International Bankers to Speak at KCs The Federal Reserves Proposed Enhanced Prudential Standards for Foreign Banks Event
Summary
Company Overview Contact Info & Offices Press Releases The Knowledge Group Press Release Receive press releases from The Knowledge Group: By Email RSS Feeds: Richard Coffman with the Institute of International Bankers to Speak at KCs The Federal Reserves Proposed Enhanced Prudential Standards for Foreign Banks Event New York, NY, February 13, 2013 --( For further details, please visit: http://www.knowledgecongress.org/event_2013_Enhanced_Prudential.html Event Synopsis: In December 2012, the Federal Reserve issued the proposed enhanced prudential standards for foreign banking organizations (FBOs) having total global consolidated assets of US$50 billion or more.The proposal, which will go into effect on July 1, 2015, is expected to bring unprecedented and significant changes to the regulation of FBOs with new requirements to address risk management, stress testing, early remediation, liquidity and debt-to-equity limits among others.Its advocacy efforts on legislative and regulatory matters are directed at achieving results that are consistent with the U.S. policy of national treatment and appropriately limit the extraterritorial application of U.S. laws to the global operations of its member institutions.The proposal, which will go into effect on July 1, 2015, is expected to bring unprecedented and significant changes to the regulation of FBOs with new requirements to address risk management, stress testing, early remediation, liquidity and debt-to-equity limits among others.Its advocacy efforts on legislative and regulatory matters are directed at achieving results that are consistent with the U.S. policy of national treatment and appropriately limit the extraterritorial application of U.S. laws to the global operations of its member institutions.