Bank of Japan raises ‘major concerns' over US foreign bank rules

Daniel Tarullo

The Bank of Japan (BoJ) has become the latest body to challenge the Federal Reserve over plans to apply higher prudential standards to foreign banks operating in the US.

The foreign bank regulations, set out by the Fed in a notice of proposed rule-making in December last year, contain measures that include establishing an "intermediate holding company" in the US, requiring banks to hold capital in line with US standards, and forcing banks to maintain a specific US liquidity buffer that would not

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: