WASHINGTON - The U.S. Federal Reserve is considering imposing stricter rules on foreign bank branches to tighten what critics say is a loophole that has allowed overseas lenders to shield assets from the toughest U.S. bank rules, three people with knowledge of the matter told Reuters.
The possible rule changes, that have not yet been decided, could also inflame tensions with European regulators who have long-complained that their lenders are held to higher standards in the United States than domestic rivals. The potential change would look to impose tougher liquidity requirements on foreign bank branches, which could involve holding higher-quality liquid assets to ensure the branch could meet its short-term obligations. Foreign branches held more than $1.6 trillion in assets as of June last year, Fed data shows.
In the aftermath, the Fed tightened rules on foreign banks, requiring them to put their non-branch assets into a new holding company, which would be subject to the same heightened post-crisis rules as domestic U.S. banks, including tough stress tests, leverage and capital standards.
What does any idividual do when a financial security issue arises? They take swift action to protect their assets... They don't 'mull' about whether or not they should. This is a reactive event needing a reactive response. The proactive boat was missed years ago.
RT : U.S. Federal Reserve mulls tighter rules on foreign bank branches: sources
Well that's timely... Quick hand me a bucket the Titanic has sunk.
EndTheFed
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. to allow lawsuits against some foreign firms doing business in Cuba: sourcesThe Trump administration is preparing to allow lawsuits in U.S. courts for the f... Sounds bad to be that way to neighbors
Source: Reuters - 🏆 2. / 97 Read more »
Starbucks' China rival Luckin Coffee taps three banks for U.S. IPO: sourcesChinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home... 'Luckin' Coffee from China! blckriflecoffee Seriously the script is written. Oh, it's an 'l'. Not great if your vision's not 100% When you copy someone else’s business model you are not a rival - you’re a cheat.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. threatens tighter financial restrictions on CubaThe Trump administration on Monday threatened to put additional financial restri... 100 years later still trying stupid things!! Learn. Why UN must intervene, the US government threatening Cuba with economic sanctions? sanctions haveKILLTHOUSANDS of Cubans! 1+Injustice?
Source: Reuters - 🏆 2. / 97 Read more »
The Federal Reserve reviews its monetary-policy frameworkMost expect the official review into the Fed's monetary policy will lead to no formal change RaghuramRRajan could possibly help Manage? Govt control always fails. Only Free Mkt & Individual Liberty succeeds. nigelchanakira matigary brains_muchemwa DougMamvura MthuliNcube GGuvamatanga ReserveBankZIM BasiraFarayi mmawere TrevorNcube mimmitwit
Source: TheEconomist - 🏆 6. / 92 Read more »
Perspective | The biggest economic story of the year is the Federal Reserve rethinking its inflation targetPerspective: The biggest economic story of the year is the Federal Reserve rethinking its inflation target GovHowardDean SenSchumer sfpelosi
Source: washingtonpost - 🏆 95. / 72 Read more »
Federal Reserve keeps hinting no more interest-rate hikes until summer 2019, if not longerBoston Fed President Eric Rosengren said it may be 'several meetings' before the Fed has a clear enough read on the economy to take any action on interest rates. Why would they raise them. Fractional Reserve banking is a scam. A fraud of printing money, giving it value from debt out of thin air. In the end, banks take it all, and you serfs thank them for it.
Source: washingtonpost - 🏆 95. / 72 Read more »
U.S. offers up to 6 million barrels of oil from emergency reserveThe U.S. Energy Department said on Thursday it is offering up to six million bar... I a layperson was wondering how is US oil drilling, is at a all time high ... aren't their suppose to be future protections. My other concern is anyone can answer, why is it the Arabian's are agreeing to low priced oil...I mean what have they been promised in return? ha ha ha als je alle criminelen wil moet je eens onder olie duiken heb je ze allemaal EhretsAPGov So the goal in this is to modernize the facility they are using....?
Source: Reuters - 🏆 2. / 97 Read more »
U.S. Employers Resume Fight for More H-2B Visas for Foreign WorkersEmployers who rely on seasonal foreign-worker permits are renewing their fight to lift limits on temporary H-2B visas, saying computer problems this year that thwarted many applications highlighted the need to raise the cap. What? We need more immigrants? How does GOP explain this? These companies are commuting crimes against Americans! Go to school for stem jobs. Rack up massive student aide debt and can't get a job because they hire jacks and scabs from other countries Good Economies need a lot of qualified workers.
Source: WSJ - 🏆 98. / 63 Read more »
Exclusive: Huawei plans billions in dividends for staff despite row with U.S. - sourcesEXCLUSIVE: Huawei plans billions in dividends for staff despite row with U.S. - sources China trying to speak to the soul of US with money. This might work. Americans love bonuses. Huawei so Just one correction to the article I think you will find that many Huawei employees are expected to work weekends for no extra pay and there is also a expectation for Chinese staff to forfeit holidays to show there dedication to the company.
Source: Reuters - 🏆 2. / 97 Read more »
North Korea offered proposal but U.S. asked for more at summit: foreign ministerNorth Korean Foreign Minister Ri Yong Ho said North Korea made realistic proposa... Remember when giving into North Korean demands stopped their nuclear capability....... Me neither. For some reason I believe them over Trump. smh The talks are over.carry on working on the nukes.
Source: Reuters - 🏆 2. / 97 Read more »