Section 716

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Financial Services Bulletin: Action At The Federal Reserve Board

Federal Reserve Board Proposes Amendments to Regulations Regarding Extensions of Credit by Federal Reserve Banks - On Monday, December 23, 2013, the Federal Reserve Board proposed amendments to Regulation A (Extensions...more

Foreign Banking Organizations Granted Benefit of Swaps Push-Out Rule and Transition Period

The Board of Governors of the Federal Reserve System ("Board") on December 24, 2013, issued final rules ("Final Rules") to include the uninsured US branches and agencies of foreign banks in the definition of "insured...more

Treatment of Foreign Banks under Section 716 of the Dodd-Frank Act and Related Push-Out Provisions

Last month, the Federal Reserve Board issued an Interim Final Rule that treats uninsured U.S. branches and agencies of foreign banks the same as insured depository institutions ("IDIs") for purposes of Section 716 of the...more

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