Schmidt-Bies justifies special regulatory attention on foreign banks

Speaking at the Institute of International Bankers Annual Conference in Washington, DC in mid-March, Schmidt-Bies said apart from holding more than $3.5 trillion in banking and non-banking assets in the US, foreign banks manage complex international banking business with inherent risks, which must be mitigated through sophisticated enterprise-wide risk management and internal controls.

"International organisations face difficult questions of management and control across their

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