Non-U.S. Banks Make Up 79% of ‘Too Big to Fail’ Under Dodd-Frank
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U.S. regulators will oversee more foreign-owned than domestic banks under Dodd-Frank Act rules governing financial institutions deemed systemically important.
About 100 foreign-owned banks and financial companies with operations in the U.S. will be subject to rules designed to protect the U.S. economy from the failure of large firms, according to a Bloomberg Government study. Just 26 U.S.-owned banks and financial firms meet the criteria.