Hugh C. Kelly with KPMG LLP to Speak at KCs The Federal Reserves Proposed Enhanced Prudential Standards for Foreign Banks Explored Live Webcast
Summary
Professional and Industry Experience • Led numerous projects to assist large financial institutions address bank regulatory safety/soundness and compliance examination requirements.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.We have more than 152,000 outstanding professionals working together to deliver value in 156 countries worldwide.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.