Kathleen A Scott

November 16, 2012 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, discusses efforts to finalize adoption of Basel II, Basel 2.5 and Basel III, standards which are all aimed at strengthening capital at banks on a global basis.

By Kathleen A. Scott

11 minute read

March 13, 2013 | New York Law Journal

In her International Banking column, Arnold & Porter counsel Kathleen A. Scott writes that after protests from the banking industry that the imposition of a "liquidity coverage ratio," aimed at making sure that banks had sufficient liquid assets for 30 days to cope with a severe liquidity crisis, would hamper banks' ability to make loans and adversely affect their bottom lines, the Basel Committee has allowed more time to come into compliance and broadened the categories of assets that would qualify.

By Kathleen A. Scott

9 minute read

January 04, 2006 | New York Law Journal

Kathleen A. Scott, counsel at White & Case, reviews the broad range of options, from a representative office to a retail insured bank, that an international bank can take to establish a physical presence in the United States.

By Kathleen A. Scott

11 minute read

July 18, 2007 | New York Law Journal

Kathleen A. Scott, counsel at White & Case, writes that a number of recent decisions hold that maritime writs of attachment apply to electronic funds transfers through intermediary banks. These cases may be having a significant detrimental effect on the finality of EFTs, thus burdening intermediate banks and arguably discouraging the use of the U.S. dollar as an international business currency.

By Kathleen A. Scott

12 minute read

September 08, 2010 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, reviews some of the effects of Dodd-Frank, including revised lending limits, regulatory consolidation, a prohibition on proprietary trading in most securities and financial instruments or sponsoring or investing in hedge funds or private equity funds, and additions to the list of issues that may be considered by the Board of Governors of the Federal Reserve System when a non-U.S. bank applies to establish a U.S. branch or agency.

By Kathleen A. Scott

12 minute read

May 14, 2008 | New York Law Journal

Kathleen A. Scott, counsel at White & Case, discusses the recently issued report from the Financial Stability Forum, "Enhancing Market and Institutional Resilience." Drawing on their own research as well as consulting reports and findings issued by other international groups, the FSF set out its findings and recommendations plainly: many are to blame for the worldwide economic turmoil of the past year and many need to change their ways going forward.

By Kathleen A. Scott

10 minute read

November 07, 2005 | New York Law Journal

Kathleen A. Scott, counsel in the banking advisory group at White & Case, writes that the new SEC rule allowing U.S. broker-dealer subsidiaries of international banking groups more flexibility in calculating their minimum capital requirements comes at the price of a seemingly unnecessary additional regulatory burden.

By Kathleen A. Scott

11 minute read

November 10, 2010 | New York Law Journal

In her International Banking column, Kathleen A. Scott, counsel at Arnold & Porter, under a proposed rule, domestic will be required to report all CBETFs for which the U.S. bank is either the last U.S. bank to process the CBETF before it leaves the United States or the first bank in the United States to process a CBETF when it reaches the United States.

By Kathleen A. Scott

11 minute read

March 10, 2010 | New York Law Journal

Kathleen A. Scott, counsel at Arnold & Porter, reviews the Basel Committee's proposals to strengthen global capital and liquidity requirements for banks, focusing on the new definition of regulatory capital, the imposition of a leverage ratio and the establishment of a specific liquidity ratio requirement.

By Kathleen A. Scott

12 minute read

September 19, 2007 | New York Law Journal

Kathleen A. Scott, counsel at White & Case, writes that with another U.S. Treasury Department regulation on due diligence for correspondent accounts being issued in August, it appeared to be the right time to review the new rule and the other rules that have been promulgated on due diligence by banks for their non-U.S. correspondent accounts and wealthy accountholders.

By Kathleen A. Scott

12 minute read