WASHINGTON—The U.S. Federal Reserve on April 8 proposed a new regulatory regime for 23 foreign banks operating in the U.S. that could make life easier for some lenders while tightening up rules for more risky foreign firms.
The proposal, which would affect major banks like UBS, Credit Suisse, Deutsche Bank, and HSBC, is part of a broader plan by the Fed to more closely tailor banking rules in line with firms’ risk profiles.
