One result of the FBSEA was the increase in the regulatory burden of foreign banks in the U.S.

Question

Quizplus · Accepted Answer

The FBSEA (Foreign Bank Supervision Enhancement Act) increased the regulatory burden of foreign banks operating in the U.S. by requiring them to meet higher capital and liquidity standards, undergo more frequent stress tests, and comply with stricter reporting requirements. This was meant to ensure their safety and soundness and protect the U.S. financial system from potential risks posed by foreign banks.

One Result of the FBSEA Was the Increase in the Regulatory