The Basel Committee Ruled That Regulators in Other Countries Could

question 73

Multiple Choice

The Basel Committee ruled that regulators in other countries could ________ of a foreign bank if they feel that it lacks effective oversight.

• A) restrict operations
• B) ban operations
• C) takeover
• D) merge operations

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Definitions:

United States

A country in North America known for its diverse population and as a prominent political and economic power on the global stage.

India

A country in South Asia, characterized by its diverse culture, languages, and historical significance.

Generation

A group of individuals born and living around the same time, typically considered to span about 20-30 years.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.