Global law firm Norton Rose Fulbright has today published its global comparative analysis on the regulation and the supervision of bank branches.
The guide covers 15 jurisdictions and is the fourth in a series that Norton Rose Fulbright has produced on structural banking reform, which includes:
- Proprietary trading by banks around the world
- Senior management responsibility in banks
- Remuneration requirements for banks
Norton Rose Fulbright financial institutions partner Alan Bainbridge commented:
“Organic expansion for international banks continues to pose challenging questions around the form that this expansion should take. An important part of the decision making process will be the host country regulator’s attitude to bank branches. Attitudes of national regulatory authorities to the presence of an international bank through a branch operation differ across jurisdictions. Some authorities have adopted an open approach particularly where the bank’s home country regulatory regime is broadly equivalent to its own. The bank’s business model may also play an important role as well as resolvability requirements. But since the 2008 financial crisis and with ongoing global economic volatility, authorities in major financial centres are generally cautious. Many regulators, for instance, are reluctant to grant licenses to overseas institutions to open large-scale branch operations.”
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Notes for editors:
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