Today, the Federal Reserve Board approved a final rule that establishes a number of enhanced prudential standards for liquidity, risk management and capital for large U.S. bank holding companies and foreign banking organizations to help increase the resiliency of their organizations. It also "requires a foreign banking organization with a significant U.S. presence to establish an intermediate holding company over its U.S. subsidiaries, which will facilitate consistent supervision and regulation of the U.S. operations of the foreign bank." The rule was required by the Dodd-Frank Act. For more, read the full news release.