Global Trade Alert
Global Trade Alert

United States of America: Requirement that foreign banks establish a holding company

Announcement

18 Feb 2014

In February 2014, the government of the United States of America announced a change in the required local operations to serve domestic customers.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jun 2014

Revocation date:

No revocation date

Updated: 18 Feb 2014
Local operations requirement In force
A final rule that the Federal Reserve Board approved on February 18, 2014, and published in the Federal Register (Volume 79 Number 59) on March 27, 2014, strengthened the supervision and regulation of...
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