Bankowość · 5.07.1995
International Banking
The Office of the Comptroller of the Currency (OCC) is proposing to revise its regulations governing the international operations of national banks and the operation of foreign banks through Federal branches and Federal agencies in the United States. The proposal is part of the OCC's Regulation Review Program, which seeks to simplify OCC regulations and reduce compliance costs, consistent with maintaining safety and soundness. The proposal streamlines and consolidates into one CFR part substantially all provisions relating to international banking that were previously included in 12 CFR parts 20 and 28, and clarifies and simplifies their various requirements. The proposal also updates the rules to implement provisions of the Foreign Bank Supervisory Enhancement Act of 1991 (FBSEA) and the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (Interstate Act) relating to Federal branches and agencies.