Robert H. McCormick is supervisor of foreign banks at the New York State Banking Department, the oldest bank regulatory agency in the nation.

Almost 95% of all the U.S. assets of foreign banks are supervised by state, banking regulators New York alone supervises 207 licensed foreign banking offices, with some 70% of all foreign branch and agency assets in the United States.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.