The Foreign Bank Supervision Enhancement Act of 1991

Question

Quizplus · Accepted Answer

The Foreign Bank Supervision Enhancement Act of 1991 was intended to equalize operating standards for domestic and foreign banks. It increased the Federal Reserve's supervisory authority over foreign banks operating in the United States and required foreign banks to meet the same standards as domestic banks. It did not remove the Federal Reserve, the Office of the Comptroller of the Currency or state bank regulators from their roles in regulating foreign banks.