WASHINGTON - The Office of Thrift Supervision has proposed changes to the rules that holding companies must follow when they acquire thrifts.
Under the proposed rules, the OTS could block an acquisition if the holding company failed to adequately assure the agency it would provide information on the operations or activities of the company and its affiliates.
The OTS would also deny acquisitions by foreign banks that are not subject to comprehensive regulation and supervision by their home governments.
Comments are due Dec. 23 on the proposed changes, which would implement section 211 of the Federal Deposit Insurance Corporation Improvement Act.
