April 1, 2019 / 9:09 PM / 2 months ago

Federal Reserve announces meeting on proposed foreign bank rules, resolution plan requirements

WASHINGTON, April 1 (Reuters) - The U.S. Federal Reserve Board announced Monday it would hold an open meeting April 8 to discuss proposed changes to rules for foreign banks and resolution plans submitted by domestic and foreign firms.

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. (Reporting by Pete Schroeder Editing by James Dalgleish)

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