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Fed finalizes heightened prudential standards for big banks
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Banking, Financial Stability
Friday, February 21, 2014
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The Federal Reserve approved a final rule that strengthens supervision and regulation of large U.S. bank holding companies and foreign banking organizations. The Fed crafted the rule in response to Section 165 of the Dodd-Frank Act, which directed the regulator to adopt enhanced prudential standards for banks with total consolidated assets of $50 billion or more and for certain large nonbank financial companies designated for Fed oversight by the Financial Stability Oversight Council. In response to comments, the final rule does not impose enhanced prudential standards on nonbank financial companies supervised by the board.
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