ABSTRACT
This chapter provides an overview of the work undertaken by United States government policy-makers and regulators involving the worldwide activities of US banking institutions. It starts by explaining supervision of the largest multinational banking institutions in the US and analyzes the trend toward global supervisory convergence. The Bank for International Settlements’ Basle Committee and the Interagency Country Exposure Review Committee are reviewed along with the US legislative underpinnings for international banking and capital-markets supervision and US government support for debt reduction in the developing countries. While much progress toward coordination and harmonization have taken place, considerable work remains to be accomplished. The development of positive structural policies and international forums to bring about future cooperation, however, should pave the way for continued progress in the next decade.
