U.S. foreign bank rules questioned by Bank of Japan

05/7/2013 | Risk.net (subscription required)

The Bank of Japan has joined other critics offering objections to the Federal Reserve's proposed regulation imposing tougher prudential standards of foreign banks doing business within the U.S. The bank's executive director, Hiroki Tanaka, wrote to Fed board member Daniel Tarullo raising concerns about inflexible liquidity rules and a lack of consistency with international standards.

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