WASHINGTON — International regulators and the institutions they supervise are objecting to a Federal Reserve Board proposal that would toughen oversight of foreign institutions operating in the U.S.

In dozens of letters, regulators from the European Union, Switzerland, Canada, Japan, South Korea and elsewhere raised a host of concerns with the plan, saying it would undermine global coordination on financial reform and risked retaliatory measures.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.