WASHINGTON — The Federal Reserve Board took more steps Monday to recalibrate its post-crisis supervisory program, proposing to adjust prudential standards for U.S. operations of large foreign banks and to relieve resolution planning requirements for both domestic and foreign banks.
The proposals to some extent parallel a Fed plan unveiled in October to tailor supervisory requirements for U.S. regional banks.
As with that earlier proposal for domestic-based institutions, the Fed proposed four new risk-based categories — with different degrees of corresponding requirements — for foreign banking giants’ U.S. subsidiaries. A separate proposal issued jointly with the Office o…
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