Dec 17, 2012

Dodd-Frank: The Fed’s Proposal for Enhanced Supervision of Foreign Banks

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The Federal Reserve on Friday, December 14, issued the detailed proposal to impose tightened regulations on the US operations of foreign banks that was foreshadowed two weeks ago. The proposal would impose significant new constraints on foreign banks’ US operations. The extent to which these constraints, if adopted as proposed, would impose such a burden on foreign banks as to affect the competitiveness of the US financial market, the openness of the United States to foreign firms and the continued supremacy of the US dollar as the world’s reserve currency is very unclear.

View full memo, "Dodd-Frank: The Fed’s Proposal for Enhanced Supervision of Foreign Banks"

Autoren und Mitwirkende

Bradley K. Sabel

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 8410

+1 212 848 8410

New York

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

Charles Gittleman

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7317

+1 212 848 7317

New York