Treasury official calls on Fed to review foreign bank rules

Foreign banks lobbied hard to raise the EPS threshold for all banks to $250 billion

A senior official at the US Treasury department has called on the Federal Reserve to align its requirements for foreign banks with a legislative proposal that exempts US banks with less than $250 billion in assets from heightened regulatory oversight.

The Senate voted on March 6 to begin debate on a bill that would raise the asset threshold at which US banks qualify as systemically important financial institutions (Sifis) from $50 billion to $250 billion in consolidated assets.

US Sifis are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: