Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Foreign Banks: Assessing Their Role in the U.S. Banking System

  Premium   Download PDF Now (61 pages)
Report Type Reports and Testimonies
Report Date Feb. 7, 1996
Report No. GGD-96-26
Subject
Summary:

During the past 20 years, the share of U.S. banking assets held by foreign banks has increased significantly. This report examines the role of foreign banks in the United States and reviews U.S. laws and regulations governing their operations. Specifically, GAO evaluates whether these laws and regulations give foreign banks operating in the United States a significant competitive advantage over U.S. banks. GAO also identifies areas in which U.S. laws and regulations have been adapted to meet the circumstances of foreign banks and examines the competitive impact of these adaptations on U.S. banks.

« Return to search Government Accountability Office reports