Discussion Paper
Foreign banks' asset reallocation in response to the introduction of the Intermediate Holding Company rule of 2016
Abstract: The implementation of the 2016 intermediate holding company (IHC) rule required foreign banking organizations (FBOs) operating with more than $50 billion total global consolidated assets and with $50 billion or more in U.S. non-branch assets to consolidate their non-branch activities – including their U.S. subsidiaries and U.S. broker-dealers – into holding companies, to be supervised by the Federal Reserve.
https://doi.org/10.17016/2380-7172.2886
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2021-05-12
Number: 2021-05-12