Identify the fundamental regulatory philosophy underlying the International Banking Act.
A)Too big to fail.
B)National treatment.
C)Reciprocal arrangement.
D)X efficiencies.
E)Unit banks.

Question

Quizplus · Accepted Answer

The fundamental regulatory philosophy underlying the International Banking Act is national treatment, which requires that foreign banks operating in the United States be subject to the same regulations and supervisory measures as U.S. banks, and that U.S. banks operating abroad be subject to the same regulations and supervisory measures as foreign banks in the host country. This helps to ensure a level playing field for all banks, regardless of their country of origin.

Identify the Fundamental Regulatory Philosophy Underlying the International Banking Act