Bankowość · 22/10/1999

U.S. Agencies Adopt Rule to Extend Examination Cycle for Foreign Banks' U.S. Branches

The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation have jointly adopted a rule allowing certain U.S. branches and agencies of foreign banks with $250 million or less in assets to have an 18-month examination cycle, provided they meet specific requirements.