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Federal Reserve Releases Tailoring Proposals for Foreign Banking Organizations

Alert April 17, 2019

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  • Federal Reserve Releases Tailoring Proposals for Foreign Banking Organizations

Federal Reserve Releases Tailoring Proposals for Foreign Banking Organizations

April 17, 2019, Covington Alert

On April 8, 2019, the Board of Governors of the Federal Reserve System (“Board”) released two proposals to tailor and modify the applicability of enhanced prudential standards for foreign banking organizations (“FBOs”) and their U.S. intermediate holding companies (“IHCs”).

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