Fed Eyes Foreign-Bank Efforts To Skirt Regs
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Fed Eyes Foreign-Bank Efforts To Skirt Regs

The Federal Reserve will be reviewing supervision of foreign banks in the U.S. after Deutsche Bank disclosed that it was restructuring its U.S. subsidiary in a way that would allow it to circumvent higher capital requirements, according to Daniel Tarullo, the central bank’s governor in charge of regulation, in testimony before the Senate Banking Committee.

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