Assume you are Jack (or Jacqueline) Anderson, a policy consultant

Assume you are Jack (or Jacqueline) Anderson, a policy consultant for North Information Services (NIS). Your firm specializes in lobbying Congress for banks and financial institutions that want to protect their economic interests. Mr. North, President and C.E.O. of NIS asked you to prepare a brief for one of their major clients, an international bank, on the major issues that Congress will address this next term. For the first part of this brief, you are going to begin your research for the brief by reviewing the following sources of information concerning banking issues that are available online:

A) Speeches and testimony by members of the Board of Governors of the Federal Reserve System: http://www.federalreserve.gov

B) Current Federal legislation in the U.S. House Committee on Financial Services: http://www.house.gov

C) The Bank for International Settlements deals with international issues: http://www.bis.org

Based on these and other sources you must determine:

1. What are the current major issues facing domestic banks and their regulators?

2. Because the client is an international bank, what are the current major issues facing international banks and their regulators?

3. How might these issues affect Mr. North's international bank client?