The Major Legislation Controlling the Operation of Foreign Banks in the U.S

question 42

Multiple Choice

The major legislation controlling the operation of foreign banks in the U.S.

• A)specifies that foreign branch banks operating in the U.S. must comply with U.S. banking regulations just like U.S. banks.
• B)specifies that foreign branch banks operating in the U.S. must comply with their country-of-origin banking regulations just like U.S. banks operating abroad.
• C)specifies that the "shell" branches are illegal for U.S. and foreign banks.
• D)both a and c

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