Courses

    Foreign banks have established a major presence in the United States during the last three decades and have acquired substantial market share during that period. In response, the regulation of foreign banks has likewise experienced significant change and growth. This is reflected in law firm practice: advising foreign banks is now a major component of the financial institutions practice of large U.S. law firms.

This course will analyze the conceptual framework and the laws and regulations governing the U.S. operations of foreign banks, including how foreign banks may enter, operate and expand in the United States. The course will examine the supervision and enforcement scheme that the U.S. government applies to foreign banks and assess the evolving regulatory standards that apply to them, including capital standards under the new international Basel Capital Accord and regulatory requirements imposed by the USA PATRIOT Act of 2001. Finally, this course will review the limitations and restrictions that can apply to a foreign bank's worldwide nonbanking activities when it engages in banking in the United States.