Regulation of foreign banks and affiliates in the united states contains current authoritative coverage of federal and state laws governing foreign banks in the united states and the international operations of domestic banking institutions you will find an in depth examination of every aspect of the field from entry requirements to permissible activities to taxation. Those foreign banks that have operations in the united states or wish to establish operations in the united states for the large subset of foreign banks that already have licensed banking opera tions in the united states the anti money laundering require ments and the heightened scrutiny of existing anti money. Bank regulation in the united states is highly fragmented compared with other g10 countries where most countries have only one bank regulator in the us banking is regulated at both the federal and state level depending on the type of charter a banking organization has and on its organizational structure it may be subject to numerous federal and state banking regulations. Banks and state regulation and national banks and federal regulation the system of regulation in the united states as it now exists arose from this dual banking system and continues to permit the organizers of a depository institution in the united states to license the depository institution under either state or federal law. This chapter discusses the principal federal laws and certain other legal considerations involved in the acquisition of an insured us bank or thrift depository institution by a foreign bank or regulation of foreign banks affiliates in the united states 7th 8th and 9th eds editor davis polk wardwell llp
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