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 The Guide serves three purposes:
- It is an introduction to U.S. regulation for foreign banks and their senior management new to the U.S. market. We describe the many forms of business organization available to foreign banks, who regulates these operations and how an institution obtains a license or approval to begin operations.
- It is a compendium of the many complex issues that foreign banks must navigate in doing business there to ensure they meet regulatory expectations. We describe in some detail how foreign bank operations in the United States are supervised and examined and the key regulatory issues they face in conducting their business.
- And it is an opportunity for us to bring you our insights on trends shaping the banking industry in the United States and the many roles of foreign banks in that industry. As an integral part of the U.S. banking system, foreign banks are always dealing with new risks, new competitive challenges and new market developments.
Since we last published the Guide in 2003, foreign banks, like domestic banks, have faced a more challenging compliance environment in anti-money laundering and anti-terrorism regulation. For that reason, we now have a separate chapter devoted to managing compliance risks in these critical areas.
Find Out More
If you wish to obtain further details on the above issues, please contact our Financial Services Practice partner, Rick Heathcote, +852 2289 1155, email me.
Get Your Copy Here
Download our Regulatory Guide for Foreign Banks in the United States 2005-2006 (pdf file, 2.5MB) for your reference.
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