More generally, our requirements for other prudential regulations applicable to foreign banking organizations (FBOs) are calibrated to the relative importance of the FBOs in the U.S. financial system. Thus the structure of surcharges also help to create a good mechanism for balancing host country interests in assuring financial stability and in realizing the benefits that can come from global banking.
Finally, Mercantile Bank is also expanding its interests to other African countries, for example Mozambique, and is therefore taking up the challenge of greater financial cooperation in the SADC region.