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Finance & markets · 01/04/2019

Federal Reserve Adopts Changes to Payment System Risk Policy for Foreign Banking Organizations

The Federal Reserve Board has updated its policy on payment system risk to simplify procedures for U.S. branches of foreign banks, removing references to the SOSA ranking and FBO financial holding company status, and introducing new methods for determining eligibility and capacity.

Original source language: Federal Register — Federal ReserveOpen original release →

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