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The Law and Practice of International Banking, 2nd Edition by Proctor, Charles (1st March 2015)

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

From: The Law and Practice of International Banking (2nd Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 19 August 2019

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.

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