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ARTICLE · 06 MAY 2019

Federal Reserve Issues Tailoring Proposals For Foreign Banking Organizations And Resolution Planning Requirements

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On April 8, 2019, the Board of Governors of the Federal Reserve System ("FRB") issued proposals to tailor (i) the enhanced prudential standards that apply to larger foreign banking organizations

United StatesFinance and Banking
David Sahr
David Sahr
Jeffrey Taft
Jeffrey Taft
Thomas Delaney
Thomas Delaney
Donald Waack
Donald Waack
Matthew Bisanz
Matthew Bisanz
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On April 8, 2019, the Board of Governors of the Federal Reserve System ("FRB") issued proposals to tailor (i) the enhanced prudential standards that apply to larger foreign banking organizations ("FBOs") (the "April 2019 Proposal") and (ii) the resolution planning requirements that apply to larger FBOs and larger US bank and holding companies ("BHCs"; collectively, "larger banking organizations") (the "ResPlan Proposal"). These proposals complement and expand upon a proposal to tailor the prudential standards for large US BHCs that FRB issued in October 2018 (the "October 2018 Proposal") and are part of FRB's broader effort to implement the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act ("EGRRCPA").1

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