Dodd-Frank enhanced prudential standards for foreign banking organisations
Following closely on the heels of Federal Reserve Governor Daniel K Tarullo’s November 2012 speech, the Federal Reserve has proposed a tiered approach for applying US capital, liquidity and other Dodd-Frank enhanced prudential standards, including single counterparty credit limits, risk management, stress testing and early remediation requirements, to the US operations of foreign banking organizations with total global consolidated assets of $50 billion or more.
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