Non-US Banking Organizations Operating in the United States
BRG works with non-US bank management to ensure that an organization’s regulatory risk management function anticipates and responds to regulators’ expectations.
A non-US banking organization operating in the United States may find a greater focus placed on regulatory issues in this country than in its home country. The head office may find it difficult to appreciate the significant differences between the regulatory environments. As a result, many non-US banks may not respond proactively in their relationships with US regulators. The more complex US regulatory framework may make it difficult for non-US bank management to remain current and sufficiently understand US regulatory directives and expectations. The environment requires domestic and non-US banking organizations to develop and maintain an integrated and effective risk management function.
BRG has expertise in the federal and state interagency Examination Manual for US Branches and Agencies of Foreign Banking Organizations; development and implementation of the Foreign Banking Organization supervisory program; and design of the ROCA non-US bank rating system, which places a high premium on how a non-US bank identifies, monitors, and controls risks undertaken in its US operations.
BRG works with non-US bank management to ensure that the organization’s regulatory risk management function anticipates and responds to regulators’ expectations. BRG advises in the evaluation of an institution’s overall US operations to help management minimize risks and identify and seize new business opportunities. BRG provides clients with the knowledge, tools, and techniques needed to not only comply with US laws and regulations, but also develop a plan for the organization’s US operations that supports and promotes its global business strategy.
Many BRG consultants have served as senior regulatory officials and are experienced in domestic and international supervisory issues. As a result, we can help non-US banks navigate the processes required to establish branches and agency or representative offices in the United States, as well as to conduct their business in compliance with US laws and regulations.
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