As you know, the CRA requires federal banking regulators—the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation—to encourage banks to help meet the credit needs of the communities they are chartered to serve, including low- and moderate-income neighborhoods.
Hence, the role of cross-border linkages in this regard should not be ignored. 2  Prasad E., Kenneth Rogoff, Shang-Jin Wei, and M. Ayhan Kose, 2003, 'Effects of Financial Globalisation on Developing Countries: Some Empirical Evidence', IMF Occasional Paper, No.220, Washington DC.