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National Depositor Preference Regimes

Preferring Foreign Depositors – The Final Rule

by Shearman & Sterling LLP on

The Federal Deposit Insurance Corporation has issued a final rule adopting with virtually no change its proposed approach to depositor preference for deposits payable at foreign offices of US banks. While the rule will...more

UK FSA and US FDIC Concerned Over Effects of National Depositor Preference Regimes

by Shearman & Sterling LLP on

UK and US bank supervisors have recently issued proposals to address the impact of US and other national depositor preference regimes on local depositors. This memorandum summarises these proposals and in particular discusses...more

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