In this report, we assess the Federal Reserve Board meeting today approving final versions of the FRB’s tailoring standards (see FSM Report SIFI31), inter-agency tailoring standards (see FSM Report SIFI30), the parallel framework for foreign banking organizations (see FSM Reports FBO8 and FBO9), and FRB/FDIC resolution-plan requirements (see FSM Report LIVINGWILL19). All of these rules were adopted largely as proposed, with Gov. Brainard again dissenting on grounds that they provide undue relief that could endanger financial stability. The Board and other agencies have postponed a decision to advance branch-and-agency liquidity rules for foreign banks pending ongoing global deliberations about pre-positioning.
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