Capital Briefs: Interstate Task Force on Foreign Banks

The Conference of State Bank Supervisors has formed a task force to recommend improvements in the oversight of foreign banks that operate in multiple states.

The 10-member panel, primarily composed of state and federal regulators, is scheduled to meet for the first time in late November and finish its report by July. The task force seeks to craft a plan for coordinated supervision of state-licensed foreign branches that would be similar to agreements on interstate supervision of domestic state-chartered banks.