Kathleen A Scott

September 16, 2016 | New York Law Journal

Kathleen Scott, International Banking columnist, writes: There has been a troubling trend toward some banks terminating their correspondent banking account relationships with banks in certain areas of the world, and potentially to all the banks in particular countries, essentially isolating them from accessing the international financial system and adversely affecting that country's own local banking system.

By Kathleen A. Scott

17 minute read

July 13, 2016 | New York Law Journal

In her International Banking column, Kathleen A. Scott writes that the Basel Committee of the Bank for International Settlements sets international capital standards but those standards must be adopted by individual countries to have any legal effect. A recent evaluation of the higher loss absorbency requirement in the United States, China, European Union, Japan and Switzerland shows how some jurisdictions deviate from the standard, either falling short or exceeding it.

By Kathleen A. Scott

22 minute read

March 18, 2016 | New York Law Journal

In her International Banking column, Kathleen A. Scott writes that money transmission can be a high-risk business, misused by criminals despite a detailed framework of anti-money laundering laws. Concerned about their own potential liability, banks have been dropping money transmitters that have been clients for years, but in many countries, remittances received from abroad are essential to the recipients' welfare. New guidance raises concerns about unilateral termination of such services.

By Kathleen A. Scott

10 minute read

January 13, 2016 | New York Law Journal

In her International Banking column, Kathleen A. Scott discusses the Basel Committee's re-proposal of revisions to the international risk-based capital requirements using the Standardized Approach, after the committee reviewed comments to its 2014 proposal and analysis of a quantitative study regarding the impact of the original proposal on affected institutions.

By Kathleen A. Scott

12 minute read

January 12, 2016 | New York Law Journal

In her International Banking column, Kathleen A. Scott discusses the Basel Committee's re-proposal of revisions to the international risk-based capital requirements using the Standardized Approach, after the committee reviewed comments to its 2014 proposal and analysis of a quantitative study regarding the impact of the original proposal on affected institutions.

By Kathleen A. Scott

12 minute read

November 13, 2015 | New York Law Journal

In her International Banking column, Kathleen A. Scott provides a high-level general summary of the Federal Reserve Board's proposed rule requiring global systemically important banks to meet new requirements to maintain a "total loss-absorbing capacity" ratio that can be met by a combination of additional regulatory capital and unsecured long-term debt.

By Kathleen A. Scott

12 minute read

November 12, 2015 | New York Law Journal

In her International Banking column, Kathleen A. Scott provides a high-level general summary of the Federal Reserve Board's proposed rule requiring global systemically important banks to meet new requirements to maintain a "total loss-absorbing capacity" ratio that can be met by a combination of additional regulatory capital and unsecured long-term debt.

By Kathleen A. Scott

12 minute read

September 15, 2015 | New York Law Journal

In her International Banking column, Kathleen A. Scott of Norton Rose Fulbright compares the general supervisory tools U.S. bank regulators have to identify and address weakness at U.S. banking offices of non-U.S. banks (branches and agencies) to the "Guidelines for identifying and dealing with weak banks" recently issued by the Basel Committee of the Bank for International Settlements.

By Kathleen A. Scott

12 minute read

September 14, 2015 | New York Law Journal

In her International Banking column, Kathleen A. Scott of Norton Rose Fulbright compares the general supervisory tools U.S. bank regulators have to identify and address weakness at U.S. banking offices of non-U.S. banks (branches and agencies) to the "Guidelines for identifying and dealing with weak banks" recently issued by the Basel Committee of the Bank for International Settlements.

By Kathleen A. Scott

12 minute read

May 29, 2015 | New York Law Journal

In her International Banking column, Kathleen A. Scott writes: A banking organization may wish to involve some of its affiliates as participants in a particular transaction, but may find itself hindered by Regulation W, a U.S. statute that restricts and in some cases prohibits a U.S. bank from engaging in a transaction with its non-U.S. affiliate.

By Kathleen A. Scott

12 minute read