International Banking Act

(redirected from International Banking Act of 1978)

International Banking Act

Legislation in the United States, passed in 1978, that requires American branches of foreign banks to abide by the same regulations as U.S. banks. While this increases regulation by mandating capital adequacy requirements and so forth, it provides FDIC insurance to foreign banks.
References in periodicals archive ?
Federation des caisses Desjardins du Quebec ("Federation"), Levis, Canada, has applied under section 7(d) of the International Banking Act of 1978 ("IBA") (1) to establish a federally licensed branch in Hallandale, Florida, as part of a corporate reorganization of its existing banking operations.
For the purpose of this study, banking entities include insured depository institutions and any company that controls an insured depository institution or is treated as a bank holding company under the International Banking Act of 1978.
He also served as Deputy General Counsel and an alternate member of the Federal Open Market Committee, a staff member of the President's Working Group on Financial Markets that was created in the aftermath of the 1987 financial markets crisis, a member of the Committee on Payments and Settlement Systems of the G-10 central bank governors, legal advisor to the Basel Committee on Banking Supervision, and one of the principal drafters of the US International Banking Act of 1978.
This year, in addition to the installation of the new Board of Directors, FIBA will recognize Florida Representative Elaine Bloom, who was instrumental in the passage of the Florida International Banking Act of 1978.
Royal Bank of Canada, Montreal, Canada ("RBC"), a foreign bank within the meaning of the International Banking Act of 1978 ("IBA"), has applied under section 7(d) of the IBA (1) to establish a limited federal branch in Jersey City, New Jersey.
TBB"), Taipei, Taiwan, a foreign bank within the meaning of the International Banking Act of 1978 ("IBA"), has applied under section 7(d) of the IBA (1) to establish a state-licensed branch in New York, New York.
Taipei, Taiwan ("Taiwan Cooperative"), a foreign bank within the meaning of the International Banking Act of 1978 ("IBA"), has applied under section 7(d) of the IBA (1) to establish a state-licensed branch in New York, New York.
1) As the parent company of a foreign bank operating an agency in the United States, HFG is subject to the BHC Act by operation of section 8(a) of the International Banking Act of 1978 (12 U.
As a foreign bank operating a branch and representative offices in the United States, UniCredito is subject to certain provisions of the BHC Act by operation of section 8(a) of the International Banking Act of 1978 (12 U.
As a foreign banking organization operating a branch in the United States, San Paolo-IMI is subject to certain provisions of the BHC Act pursuant to section 8(a) of the International Banking Act of 1978.
branches and agencies of foreign banks with reservable liabilities gained access to the discount window under the International Banking Act of 1978.

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