Which of the following is not a trend toward deregulation that facilitated the growth of the international capital market?
A) The U.S.,in 1970s and early 80s,allowing foreign banks to enter the U.S.capital market and domestic banks to expand their operations overseas.
B) Great Britain's removal of barriers,in October 1986,that had existed between banks and stockbrokers and allowed foreign financial service companies to enter the British stock market.
C) Restrictions on the entry of foreign securities houses in Japan,and Japanese banks not being allowed to open international banking facilities.
D) In Germany,foreign banks being allowed to lend and manage foreign euro issues,subject to reciprocity agreements.
Correct Answer:
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