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

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) specifies that foreign branch banks operating in the U.S.must comply with U.S.banking regulations just like U.S.banks,and also specifies that the "shell" branches are illegal for U.S.and foreign banks.