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Fed Moves to Overhaul Supervision of Foreign Banks in U.S.

by Donna Borak
DEC 14, 2012 2:56pm ET
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After spending nearly a year deliberating on an approach, the Federal Reserve Board on Friday released a proposal that will overhaul the way regulators will supervise foreign banks that operate in the United States, a significant shift from its longstanding case-by-case method.

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