The Issue  In the age of cloud computing, the actual location of a bank is less unambiguous than it was in the past, but sufficient legal clarity still exists to determine the relevance of national jurisdiction.
Indeed, location decisions of banks as providers of international banking services on cross-border banking have been considered a matter for the industrial policy of several countries (trying to become financial centres). Especially in such cases, there is a need for national macroprudential policies to ensure that the overall national policy mix adequately copes with the risks presented by banking location.