Kathleen A Scott

November 15, 2013 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, writes that after the financial crisis demonstrated that previously adopted market risk standards did not provide for sufficient capital to absorb the large trading losses that had occurred, the Basel Committee on Banking Supervision undertook a thorough review of the standards and recently released a consultative document with specific proposed revisions.

By Kathleen A. Scott

12 minute read

September 12, 2012 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, writes that on Aug. 17, 2012, the Basel Committee on Banking Supervision of the Bank for International Settlements issued a consultative document proposing new guidance on managing the risks that arise in the settlement of foreign exchange transactions.

By Kathleen A. Scott

1 minute read

July 11, 2012 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, discusses final revisions of the Basel Committee's new capital and liquidity requirements which will need to be adopted by each country to be effective no later than June 30, 2013.

By Kathleen A. Scott

11 minute read

January 11, 2012 | New York Law Journal

In her International Banking column, Kathleen A. Scott, a counsel at Arnold & Porter, reviews recent measures that emphasize the U.S. government's expectation that non-U.S. banks should cut their ties with any Iranian-linked institutions.

By Kathleen A. Scott

13 minute read

May 10, 2013 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, writes that, while one can understand the FRB's interest in having the prudential standards for the large non-U.S. banks with U.S. banking operations resemble those of the prudential standards for large U.S. banks, their basic differences need to be taken into account, most importantly, non-U.S. banks already have home country regulators and prudential standards to which they must conform.

By Kathleen A. Scott

12 minute read

January 09, 2013 | New York Law Journal

In her International Banking column, Arnold & Porter counsel Kathleen A. Scott reviews proposed regulations that include limits on loans to one counterparty, required stress tests and the requirement for some non-U.S. banks to establish an intermediate holding company for its U.S. subsidiaries.

By Kathleen A. Scott

13 minute read

March 14, 2012 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, reviews the history of the Financial Action Task Force's Recommendations on fighting money laundering and terrorism financing and discusses the significant aspects of the 2012 update. Banks operating internationally should be aware of the revised Recommendations and be ready for possible operational adjustments that might be necessary in order to meet the new and revised standards contained therein.

By Kathleen A. Scott

10 minute read

October 17, 2011 | Daily Report Online

International banking executives are in the process of estimating how much additional capital their banks will have to maintain as a result of the initiatives adopted by the Basel Committee of the Bank for International Settlements to strengthen the stability of the international financial system and which are meant to be enacted in individual countries over the next few years.

By Kathleen A. Scott

10 minute read

September 12, 2013 | New York Law Journal

In her International Banking column, Kathleen A. Scott of Arnold & Porter, discusses major points of the Basel Committee discussion paper "The Regulatory Framework: Balancing Risk Sensitivity, Simplicity and Comparability," and the questions the committee is soliciting from commenters.

By Kathleen A. Scott

9 minute read

May 09, 2012 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, analyzes the Volcker Rule's restrictions on banks' proprietary trading or investing in or sponsoring a hedge or private equity fund in light of an exemption for transactions taking place "solely outside the United States."

By Kathleen A. Scott

14 minute read