In an unprecedented move, the Federal Reserve is considering imposing local liquidity requirements on US branches of foreign banks, it announced on April 8.
The proposal reflects the Fed’s recent moves to better align the risks a financial institution poses to the system with the regulatory requirements it faces. The support among the Fed board for the suggestions, however, is not unanimous.
“Introducing this concept is novel in the realm of international regulation (in contrast to supervision
- Motivations and prospects for central bank digital currency
- The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
- Central bankers call for ‘practical action’ to tackle climate risks
- Fintech and the future – Improving financial literacy
- ‘They could do nothing’: insights into political interference at the Fed