While this has been a significant issue in the United States, it is less clear that other jurisdictions face similar risks. The second is the confidence host jurisdiction regulators have that the parent banks are subject to effective regulatory and supervisory oversight.
Equally important, we value the agreement of the schools and FINEX to include ethical practices and social responsibility in the education of our finance students. I highlight this point because the natural pursuit of fostering a healthy bottom line should always be within the parameters of ethical and social responsibility standards.