Finance & markets · 20/11/2019Updated: 10/17/2026 · 1 min read
Federal Reserve Board Proposes Amendment to Single-Counterparty Credit Limits for Foreign Banking Organizations
Summary
The Federal Reserve Board is proposing to modify the initial compliance dates for Single-Counterparty Credit Limits for Bank Holding Companies and Foreign Banking Organizations, from August 6, 2018, to July 1, 2021, and January 1, 2022, respectively, for foreign banking organizations' combined U.S. operations. The Board is seeking public comment on this proposed amendment.