News Headline Summary

Fed plans to impose stricter requirements affect US business of foreign banks

- Board set to vote today on seeking comment for proposal.
- Plan affects foreign banks with more than USD 50bln in assets.
- Plan would submit some foreign banks to the US stress test.

Analysis details (19:45)

- This meeting was to discuss the implementation of the Dodd Frank act regarding enhanced prudential standards for large foreign banks.
- These measures will subject foreign banks operating in the US to the same rules as their American counterparts.

14 Dec 2012 - 19:40 - Equities - Source: Newswires

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