Fed Final Rule on Supervision and Regulation of Bank Holding Companies and Foreign Banks

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On February 18, the Fed issued a final rule which establishes enhanced supervision standards for large U.S. bank holding companies and foreign banking organizations, as required by the Dodd-Frank Act. The final rule will be effective for U.S. entities on January 1, 2015, and for foreign entities in either 2016 or 2018, depending on the type of entity. Fed Release. Fed Final Rule.

Topics:  Bank Holding Company, Banks, Dodd-Frank, Federal Reserve, Foreign Banks

Published In: Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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