Bankowość · 13/09/2013

FDIC Adopts Final Rule to Clarify Deposit Insurance Regulations for Foreign Branches of U.S. Banks

The FDIC is adopting a final rule to clarify that deposits in foreign branches of U.S. insured depository institutions are not FDIC-insured deposits, which could lead to expanded deposit insurance liability and operational complexities if deposits were treated as insured.