The senior managerial personnel of the branch of a foreign insurance company shall have the qualifications equal to those required for the counterparts in the headquarters of an insurance company.

外国保险公司分公司的高级管理人员，应当具备保险公司总公司高级管理人员的任职资格条件。

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But must you file an FBAR even if the only foreign account you have is at a foreign branch of a U.S. bank?

FORBES: Even U.S. Branch Accounts Abroad Trigger FBAR!

To be reportable, the foreign financial account must be physically located outside of the U.S. For example, a financial account maintained in a foreign branch of a U.S. bank is treated as a foreign financial account subject to reporting.

FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form

Conversely, an account maintained in a U.S. branch of a foreign bank is not a foreign financial account subject to reporting.

FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form