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Client Alert April 11, 2016Federal Reserve Proposes Revisions to Form FR Y7Q to Incorporate Capital Adequacy Standard Reporting Requirements for Foreign Banking Organizations with More than $50 Billion
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The Federal Reserve proposes revisions to regulations and guidelines that govern banking institutions.
Banking institutions and financial organizations are required to file the proposed revisions with the Federal Reserve.
The revisions can be filled out electronically through the Federal Reserve's online portal or submitted via mail.
The purpose of the proposed revisions is to update and improve the regulations that govern the banking industry.
The revisions must include details on changes to policies, procedures, and compliance measures within the banking institution.
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