Branch of an EEA Bank

If your Branch of a European Economic Area (EEA) bank has permission only for cross border services - and does not carry out regulated activities in the UK - some aspects of the FSA handbook do not apply. This is because the FSA looks to your bank's home state regulator to take responsibility for regulatory supervision.

However, don't think that the FSA will take a softer approach to your regulation.

EEA Bank Branches and the FSA
You already know you must comply with the Interim Prudential Sourcebook for Banks. However, even though corporate governance and internal systems and controls may not be your responsibility, you definitely need to show that your banking business is properly controlled. You also need to identify business and underlying risks - then put in place the right controls to mitigate them.

Our Banking experience
We understand EEA banks. From taking deposits to actively trading as a CAD bank - and even incorporating investment, mortgage and insurance business - we know the importance of controls to your success.

We make sure you understand the risks in your business - and that you can rely on the controls which mitigate them.