SIFMA Comment on Proposals Revising Applicability of Enhanced Prudential Standards for Foreign Banking Organizations
Tuesday 02 July 2019 AEFR Visit source websiteDear Sirs and Madams:
The Securities Industry and Financial Markets Association
(“SIFMA”)1 appreciates the opportunity to comment on the following
proposals by the federal banking agencies (the “Agencies”) to
revise the enhanced prudential standards that apply to foreign
banking organizations (“FBOs”):
• the proposed rule of the Board of Governors of the Federal
Reserve System (the “Board”) to revise Regulation YY (the “Board
Proposal”);2 and
• the Agencies’ proposed rule to revise interagency liquidity and
capital requirements (the “Interagency Proposal,” and together with
the Board Proposal, the “Proposals”).3