The BCSBI has been in existence for six years now and has done a commendable job in this short span of time. Two codes have already been put out and have been / will be reviewed from time to time. The question that has always cropped up in my mind is about the standards of customer service.
The United States also requires that a foreign bank be subject to comprehensive consolidated supervision by its home country supervisor before it can buy a bank in this country. Under this law, the Federal Reserve must evaluate supervision systems that are different from our own and yet ensure that we are fairly applying the principle of national treatment.