---
kind: "section"
citation: "12 C.F.R. § 252.87"
title: "12"
number: "252.87"
heading: "Identification of global systemically important foreign banking organizations."
url: "https://uscodex.org/cfr/12/252.87"
---

# §252.87. Identification of global systemically important foreign banking organizations.

- (a) For purposes of this subpart, a top-tier foreign banking organization that is or controls a covered company (as defined at [12 CFR 243.2(f)](/cfr/12/243.2.md?p=f)) is a global systemically important foreign banking organization if any of the following conditions is met:
  - (1) The top-tier foreign banking organization determines, pursuant to [paragraph (c)](#c) of this section, that the top-tier foreign banking organization has the characteristics of a global systemically important banking organization under the global methodology; or
  - (2) **The Board, using information available to the Board, determines—**
    - (i) That the top-tier foreign banking organization would be a global systemically important banking organization under the global methodology;
    - (ii) That the top-tier foreign banking organization, if it were subject to the Board's Regulation Q ([part 217](/cfr/12/part217.md) of this chapter), would be identified as a global systemically important BHC under [§ 217.402](/cfr/12/217.402.md) of the Board's Regulation Q; or
    - (iii) That any U.S. intermediate holding company controlled by the top-tier foreign banking organization, if the U.S. intermediate holding company is or were subject to [§ 217.402](/cfr/12/217.402.md) of the Board's Regulation Q, is or would be identified as a global systemically important BHC.
- (b) Each top-tier foreign banking organization that determines pursuant to [paragraph (c)](#c) of this section that it has the characteristics of a global systemically important banking organization under the global methodology must notify the Board of the determination by January 1 of each calendar year.
- (c) A top-tier foreign banking organization that is or controls a covered company (as defined at [12 CFR 243.2(f)](/cfr/12/243.2.md?p=f)) and prepares or reports for any purpose the indicator amounts necessary to determine whether the top-tier foreign banking organization is a global systemically important banking organization under the global methodology must use the data to determine whether the top-tier foreign banking organization has the characteristics of a global systemically important banking organization under the global methodology.
- (d) Each top-tier foreign banking organization that controls a U.S. intermediate holding company and that meets the requirements of § [252.153(b)(5)](/cfr/12/252.153.md?p=b-5) and [(6)](/cfr/12/252.153.md?p=b-6) also meets the requirements of paragraphs [(b)](#b) and [(c)](#c) of this section.

## Notes

### Source

Source: Reg. YY, 82 FR 42920, Sept. 12, 2017, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 321-338a, 481-486, 1467a, 1818, 1828, 1831n, 1831o, 1831p-1, 1831w, 1835, 1844(b), 1844(c), 3101 et seq., 3101 note, 3904, 3906-3909, 4808, 5361, 5362, 5365, 5366, 5367, 5368, 5371.

### Source

Source: 77 FR 62391, Oct. 12, 2012, unless otherwise noted.