To encourage common banking standards and formulate broad supervisory guidelines and oversight practices at foreign banks,__________ was established in 1974.

Question

Quizplus · Accepted Answer

The Basel Committee on Banking Supervision was established in 1974 to encourage common banking standards and formulate broad supervisory guidelines and oversight practices at foreign banks. Section 301 of the Trade Act and the World Trade Organization deal with trade issues, while the International Control Act pertains to national security and foreign policy.

To Encourage Common Banking Standards and Formulate Broad Supervisory Guidelines