What is the international bank structure?

Answer 1

International Banking revolves around a locally licensed bank which has branches or subsidiaries outside the country of origin or license. The branch will need its own license and a subsidiary can use the original headquarters license but has to register. The money center banks, which are the biggest 50 international banks, have created a network of relations and execute about 95% of all international wire transfers. The Central Banks of the world keep up supervision and regulation through the Bank for International Settlement (BIS) in Basel Switzerland. In the forums of the BIS the Central Bankers agree to policy matters, the latest is Basel III which deals with the reporting and accounting of risk and capital use of banks. The local regulators than receive the suggestion and set it up as law.