Cleary Gottlieb

International Top 30 position: 13
International 50 position (Asia-Pacific): =40

The US Federal Reserve’s proposed framework for regulation of foreign banks

The Federal Reserve Board’s proposed implementation of Sections 165 and 166 of the Dodd-Frank Act, which require enhanced prudential standards and an early remediation regime for certain large foreign banking organizations, represents a dramatic shift in the Federal Reserve’s approach to supervising and regulating foreign banks. If adopted as proposed, the new regulations could have profound implications for internationally active banks, both foreign and domestic, and could result in fundamental changes in how banks allocate capital and liquidity across jurisdictions.

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Analysis from The Lawyer


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Firmwide revenue 2011 ($m): 1,125
Global lawyers 2011: 1,183
Jurisdiction: US
No. of offices: 3
No. of qualified lawyers: 52 (International 50)