What were the key provisions of the U.S International Banking Act of 1978 and the International Lending and Supervision Act of 1983?
Answer to relevant QuestionsWhy are some banks reaching out to become one-stop financial-service conglomerates? Is this a good idea, in your opinion?What is a financial department store? A universal bank? Why do you think these institutions have become so important in the modern financial system?Explain what the Basel Agreement is and why it is so important.This chapter focuses on several major problem areas that international banks must deal with in the future. What are these problem areas?What are ETCs? What services do they provide, and what problems have they encountered inside the United States?
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