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Foreign Bank Entry Policy

Consultation Paper

Table of Contents

I. Introduction.

• Overview.
• Scope of the Review.
• Considerations.
• Objective of this Discussion Paper.

II. Branching.

• Background.
• Features of the Proposed Branching Regime.
  • Entry Criteria.
  • Capital Requirements.
  • Powers.
  • Supervision.
  • Management
  • Insolvency and Liquidation.
  • Taxation.

III. Other Elements of Foreign Bank Entry Policy.

• Existing Foreign Bank Entry Regime.
  • Entry Regime for Regulated Foreign Banks.
  • Entry Regime for "Near Banks".
• Options to Facilitate Foreign Bank Entry.
  • Choice Between "Regulated Stream"  and "Unregulated Stream".
  • Introduction of "Limited-Purpose" Entities.

IV. Cross-Border Delivery of Financial Services.

• Background.
• Possible Policy Options.

V. Other Technical Amendments to Foreign Bank Entry Policy.

• Definition of Entities "Associated" with a Foreign Bank.
• Commercial Lending Limits for Trust, Loan and Insurance Companies.

VI. Concluding Remarks and Next Steps.