On April 8, the Federal Reserve Board adopted two proposals that would tailor how certain aspects of the post-crisis bank regulatory framework, including certain capital and liquidity requirements and other prudential standards, apply to foreign banking organizations (“FBOs”) that have significant U.S. operations (the “FBO Proposals”). One of the proposals was also adopted on April 16 by the FDIC and will be issued jointly by the FDIC, Federal Reserve, and OCC. The other was issued solely by the Federal Reserve.