Fed may delay counterparty limits for foreign banks
Other countries need time to catch up on Basel large exposures rule, Fed official says
The US Federal Reserve is considering putting off counterparty credit limits for foreign banks to give their home countries time to catch up with the US regulation, the regulator’s general counsel said on March 11.
Speaking at a conference organised by the Institute of International Bankers in Washington, DC, Mark Van Der Weide said the Fed wants other countries to finalise their frameworks before it begins to enforce its own.
“It took us a long time to get our single counterparty credit
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