21-124 Identify the fundamental regulatory philosophy underlying the International Banking Act.

Question

Quizplus · Accepted Answer

The fundamental regulatory philosophy underlying the International Banking Act is national treatment, which ensures that foreign banks have equal access and are treated the same as domestic banks in the US banking system. This means that foreign banks operating in the US are subject to the same regulations and supervision as US banks, and are also eligible for the same benefits and protections.

21-124 Identify the Fundamental Regulatory Philosophy Underlying the International Banking