{"id":5570,"date":"2014-01-27T00:00:00","date_gmt":"2014-01-27T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/01\/foreign_banks_soon_expected_to"},"modified":"2022-05-05T08:40:38","modified_gmt":"2022-05-05T13:40:38","slug":"foreign-banks-soon-expected-to","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/foreign-banks-soon-expected-to\/","title":{"rendered":"Foreign Banks Soon Expected to Abide by US Rules"},"content":{"rendered":"\n

The Federal Reserve will soon likely finish the rules that would force big foreign banks to follow the same requirements as their US counterparts are have been abiding by ever since the Dodd-Frank Wall Street Reform and Consumer Protection Act. A number of these overseas banks are reportedly not happy with the crackdown.<\/p>\n

Dodd-Frank was written so its rules regarding capital would also be applicable to foreign banks. But when the legislation became active, some of these foreign banks changed their American outfits\u2019 legal status so that portions of the act no longer applied to them. This let them get out of having to put huge quantities of capital into their US units to meet the requirements of the law.<\/p>\n

Since Congress made its huge overhaul of the financial system, Deutsche Bank (DB), Barclays, Credit Suisse (CS) and others haven\u2019t had to comply with Dodd-Frank, which was supposed to enhance the financial buffer that banks have to keep up in the event of potential losses. (Because raising more capital may require selling new shares, can may weaken profitability measures.) Also, because certain banks have changed their legal status, it is now impossible for outsiders to obtain a clear understanding of their operations in the US. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Federal Reserve will soon likely finish the rules that would force big foreign banks to follow the same requirements as their US counterparts are have been abiding by ever since the Dodd-Frank Wall Street Reform and Consumer Protection Act. A number of these overseas banks are reportedly not happy with the crackdown. Dodd-Frank was […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3960,3740],"tags":[2634],"class_list":["post-5570","post","type-post","status-publish","format-standard","hentry","category-doddfrank-wall-street-reform-a","category-miscellaneous","tag-foreign-banks"],"yoast_head":"\nForeign Banks Soon Expected to Abide by US Rules — Investor Lawyers Blog — January 27, 2014<\/title>\n<meta name=\"description\" content=\"The Federal Reserve will soon likely finish the rules that would force big foreign banks to follow the same requirements as their US counterparts are have — January 27, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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