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

Question

Quizplus · Accepted Answer

The fundamental regulatory philosophy underlying the International Banking Act is national treatment. This means that foreign banks operating in the U.S. are subject to the same regulations and supervisory standards as domestic banks, and are given equal access to the market. This philosophy aims to promote fair competition and prevent discrimination against foreign banks.

Identify the Fundamental Regulatory Philosophy Underlying the International Banking Act