Part F Cross-Border Issues, 46 Liability for Branch Deposits and the Impact of Foreign Law

Subject(s):

Deposit insurance schemes — Deposit protection schemes — Recovery and Resolution Plan (RRP) — Regulation of banks

This chapter examines the extent to which a bank based in England is liable to meet the deposit obligations of its foreign branches if, for some reason, they are prevented from doing so directly. It considers the impact of a foreign branch; the consequences of an outbreak of war; the effect of a foreign expropriation law; the effect of other forms of seizure; exchange control laws; the effect of a foreign moratorium; and blocking orders.