House Committee Hears Recommendations for Improved International Cooperation among Banking Regulators and Stricter Regulation of U.S. Branches of Foreign Banks in Wake of Banca del Lavoro Debacle

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Thursday, November 1, 1990
Author: 
Bruce Zagaris
Volume: 
6
Issue: 
11
Abstract: 
On October 16, 1990, the House Committee on Banking, Finance and Urban Affairs held a hearing on the problems of regulating United States branches of foreign banks in the context of the bankruptcy and alleged criminal violations surrounding the operation of the Banca Nazionale del Lavoro (BNL) in Atlanta.