FOREIGN BANKING: Proposal by the Federal Reserve Board to expand the ability of foreign branches of U.S. banks to underwrite securities and to invest in foreign companies. It also would make it easier for foreign banks to branch in the United States. Published Dec. 31. Comments due March 14.
MARKET RISK: Interim rule by the banking agencies eliminating a requirement that banks with large securities trading portfolios hold half the market risk capital demanded under international standards. Published Dec. 30 and effective Dec. 31. Comments due March 2.