The Basel Committee ruled that regulators in other countries can ________ the operations of a foreign bank if they believe that it lacks effective oversight.

Question

Quizplus · Accepted Answer

If regulators in other countries believe that a foreign bank lacks effective oversight, the Basel Committee ruled that they can restrict its operations. Restricting the bank's operations would be a way of imposing consequences for the lack of effective oversight. Encouraging the bank to improve its oversight practices or renegotiating the terms of its operations are not specifically mentioned as options in this context. Enhancing the bank's oversight practices would be a desirable outcome, but it is not stated as a possible regulatory action in this scenario.

The Basel Committee Ruled That Regulators in Other Countries Can