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Non-U.S. Bank Operations in the United States: A 2016 Update

(176 reviews)

Produced on November 17, 2016

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Course Information

Time 60 minutes
Difficulty Intermediate

Course Description

In this program, attorney Kathleen Scott, of Norton Rose Fulbright, provides an updated overview of how and why non-U.S. banks establish operations in the United States. Here, she addresses the entry process by which non-U.S. banks enter the United States as well as permissible activities and powers of U.S. offices of non-U.S. banks. Ms. Scott also outlines the variety of administrative enforcement actions such an office might face and discuss the process banks undergo to exit the United States, whether voluntarily or involuntarily. Additionally, Ms. Scott will cover the Dodd-Frank Act considerations that every attorney must consider when practicing in the banking sector.  

Learning Objectives:

  1. Understand the process by which non-U.S. banks enter the U.S.
  2. Identify permissible activities and powers of non-U.S. banks
  3. Develop an understanding of regulatory and enforcement issues applicable to U.S. offices of non-U.S. banks
  4. Recognize how non-U.S. might cease U.S. operations
  5. Discuss Dodd-Frank Act provisions important to non-U.S. banks

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Kathleen A. Scott

Norton Rose Fulbright

Kathleen A. Scott is a senior counsel in the New York office representing some of the world's largest international banks and other financial institutions concentrating on a broad range of financial services regulatory, anti-money laundering and privacy matters.

She represents financial institution clients with respect to the bank regulatory aspects of mergers and acquisitions, establishment of new banking organizations and nonbanking affiliates, and other transactions. Kathleen also advises U.S. and non-U.S. banks, bank holding companies and other financial institutions on a broad range of federal and state regulatory issues affecting all their operations and interacts routinely with federal and state banking regulators. She has expertise regarding U.S. federal and state banking laws and regulations regarding banks as well as nonbank financial companies that might require licensing at the state level.

In addition, Kathleen counsels financial institutions facing enforcement or other supervisory actions or investigations by state and federal regulators on their compliance with federal consumer, privacy and anti-money laundering legislation and regulations. More specifically, she handles compliance with the Gramm-Leach-Bliley Act for banks and other financial institutions and related financial privacy and information security matters. She also uses her regulatory expertise to advise financial institutions on a broad range of anti-money laundering compliance and enforcement issues.

She also is a member of the firm's global financial technology practice, advising on the U.S. financial services regulatory aspects of cryptocurrencies, the blockchain and smart contracts

Kathleen began her career as an attorney for the United States Department of Treasury and also served as an assistant counsel for the New York State Banking Department before going into private practice at two other major law firms in New York before joining Norton Rose Fulbright.


Melissa E.

Kathleen is one of my favorite presenters on Lawline. He presentations are interesting, relevant and easy to understand.

Alizon S.

Excellent summary

Marguerite K.

Great presenter! Clear presentation of difficult material.

Mary B.

Well done summary.

Walter T.

Thanks for a most efficient and enjoyable presentation.

Keith J.

Great speaker

Julie A. B.

This dynamic speaker jam packs this program with complex content expertly explained in a clear manner. The presenter skillfully supplies an overview of how and why non-U.S. banks launch operations in the United States (U.S.); ably considers the process whereby non-U.S. banks enter America; competently conveys permissible activities and powers of non-U.S. banks; proficiently highlights applicable regulatory issues; adeptly outlines various administrative enforcement actions that U.S. offices of a non-U.S. bank might encounter; capably discusses the process banks undergo to (voluntarily or involuntarily) exit the U.S.; and knowledgeably touches upon Dodd-Frank Act provisions that every attorne

Jennifer R.

presenter was very knowledgeable

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