WASHINGTON — Despite assertions they got off relatively lightly in the Dodd-Frank Act, foreign banks operating in the U.S. are increasingly worried they will be targeted by some of the regulatory reform law's toughest provisions.
Under the law, institutions with global assets of more than $50 billion must submit so-called living wills to regulators detailing how they can be dismantled in a crisis, and are subject to "enhanced supervision" by the Federal Reserve Board.
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