(a) In general. Nothing in this part limits the authority of the Board under any
provision of law or regulation to impose on any company additional
enhanced prudential standards, including, but not limited to, additional
risk-based or leverage capital or liquidity requirements, leverage
limits, limits on exposures to single counterparties, risk-management
requirements, stress tests, or other requirements or restrictions
the Board deems necessary to carry out the purposes of this part or
Title I of the Dodd-Frank Act, or to take supervisory or enforcement
action, including action to address unsafe and unsound practices or
conditions, or violations of law or regulation.
(b) Modifications or extensions of this part. The Board may extend or accelerate any compliance date of this part
if the Board determines that such extension or acceleration is appropriate.
In determining whether an extension or acceleration is appropriate,
the Board will consider the effect of the modification on financial
stability, the period of time for which the modification would be
necessary to facilitate compliance with this part, and the actions
the company is taking to come into compliance with this part.
(c) Reservation of authority for certain
foreign banking organizations. The Board may permit a foreign
banking organization to comply with the requirements of this part
through a subsidiary. In making this determination, the Board shall
consider:
(1) The ownership
structure of the foreign banking organization, including whether the
foreign banking organization is owned or controlled by a foreign government;
(2) Whether the action would be consistent
with the purposes of this part; and
(3) Any other factors that the Board determines are relevant.
