The Banking Association of South Africa written by Institute of International Bankers here.
The Institute of International Bankers (IIB) represents internationally headquartered banking/financial institutions from over 35 countries in connection with U.S. legislative, regulatory, compliance and tax issues that affect their banking, securities and other financial activities in the United States. In the aggregate, IIB members’ U.S. operations hold approximately $5 trillion in banking and non-banking assets, fund 25% of all commercial and industrial bank loans made in the U.S. and contribute to the depth and liquidity of U.S. financial markets. IIB members contribute to the employment of hundreds of thousands of employees in the United States, in the financial sector and related service sectors. As providers of credit and other financial services in the United States, the U.S. operations of foreign banks add diversity and competitiveness to the U.S. financial services markets, help U.S. businesses grow and promote U.S. and international financial stability.
This 32nd annual Global Survey of Regulatory and Market Developments in Banking, Securities and Insurance is part of the IIB’s ongoing efforts to contribute to the understanding of global trends in financial regulation and markets. This year’s Global Survey covers developmentsduring the period from July 1, 2018 to June 30, 2019 in 21 countries and the European Union (EU). We are very grateful to the banking associations and financial services supervisory authorities from those countries and the EU that have contributed to this year’s Survey and without whoseparticipation this publication would not be possible.