1 See Randal K. Quarles, “Early Observations on Improving the Effectiveness of Post-Crisis Regulation (PDF),”  (speech at the American Bar Association Banking Law Committee Annual Meeting, Washington, January 19, 2018). 2 The U.S. intermediate holding company structure provided for consistent application of capital, liquidity, and  other prudential requirements and consistent supervision across the U.S. subsidiary operations of an FBO.
See 12 USC 5365; Enhanced Prudential Standards for Bank Holding Companies and Foreign Banking Organizations, 79 Fed. Reg. 17,240 (March 27, 2014).