The U.S. Federal Reserve board announced on Monday it would hold an open meeting...
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid
The proposed changes would implement provisions of a bank deregulation law passed by Congress in May, which directed the Fed to ease requirements in several areas for banks with less than $250 billion in assets. However, Reuters reported in March the Fed was considering tighter rules on foreign bank branches over concerns they could allow overseas lenders to shield assets from the toughest U.S. bank rules.
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