IIF letter to US Federal Reserve Re: Enhanced Prudential Standards and Early Remediation Requirements for Foreign Banking Organizations and Foreign Nonbank Financial Companies

The Institute of International Finance (IIF) welcomes the opportunity to comment on the Enhanced Prudential Standards and Early Remediation Requirements for Foreign Banking Organizations and Foreign Nonbank Financial Companies (the “proposed rule”). As a global association of financial institutions, the IIF has focused its comments on the international implications of the proposed rule and the likely effects it will have on international finance, cross-border cooperation, and economic growth, among other issues.