The Office of the Comptroller of the Currency has made it easier for foreign banks to open federally chartered U.S. branches.

Under a rule published in Tuesday's Federal Register, foreign banks won't have to submit separate applications to the Comptroller's Office and the Federal Reserve Board. Instead, the bank can use the Fed's form to satisfy both agencies.

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.