International Banking Law
This course examines the legal and regulatory framework governing foreign banks in the United States and U.S. banks abroad. The course has seven main parts. First, basics of banking, and why countries regulate banks. Second, international capital, corporate governance, and other standards that banks must meet to operate outside their home countries. Third, the U.S. regulatory framework for U.S. banks operating abroad. Fourth, the U.S. regulatory framework for foreign banks operating in the United States. Fifth, international lending, including the problems banks face when foreign governments default on their debts. Sixth, other international banking activities, particularly deposit-taking and letters of credit. Seventh, the conflicting demands placed on banks by U.S. and foreign laws regarding money laundering and economic sanctions.