(a) General applicability. A foreign banking organization with average total consolidated assets
of $100 billion or more and average combined U.S. assets of less than
$100 billion must:
(1) Comply with the capital stress testing,
risk-management and risk-committee requirements set forth in this
subpart beginning no later than on the first day of the ninth quarter
the date on which its average total consolidated assets equal or exceed
$100 billion; and
(2) Comply with
the risk-based and leverage capital requirements and liquidity risk-management
requirements set forth in this subpart beginning no later than on
the first day of the ninth quarter following the date on which its
total consolidated assets equal or exceed $250 billion; and
(3) Comply with the U.S. intermediate holding
company requirement set forth in section 252.147 beginning no later
than on the first day of the ninth quarter following the date on which
its average U.S. non-branch assets equal or exceed $50 billion.
(b) Cessation of requirements.
(1) Enhanced prudential standards applicable to
the foreign banking organization.
(i) A foreign banking organization will
remain subject to the requirements set forth in sections 252.144 and
252.146 until its total consolidated assets are below $100 billion
for each of four consecutive calendar quarters, or it becomes subject
to the requirements of subpart O of this part.
(ii) A foreign banking organization
will remain subject to the requirements set forth in sections 252.143
and 252.145 until its total consolidated assets are below $250 billion
for each of four consecutive calendar quarters, or it becomes subject
to the requirements of subpart O of this part.
(2) Intermediate
holding company requirement. A foreign banking organization will
remain subject to the U.S. intermediate holding company requirement
set forth in section 252.147 until the sum of the total consolidated
assets of the top-tier U.S. subsidiaries of the foreign banking organization
(excluding any section 2(h)(2) company and DPC branch subsidiary)
is below $50 billion for each of four consecutive calendar quarters,
or it becomes subject to the U.S. intermediate holding company requirements
of subpart O of this part.
