- Following a decade of increased globalization, international banking suffered a setback after the global financial crisis.
- Remaining open is important for countries to continue to benefit from global flows of funds, knowledge, and opportunity.
- There is an important role for policy in maximizing the benefits and minimizing the costs of international banking.
- Encouraging the right type of foreign bank presence or forms of capital flows without causing distortions is challenging.
- Regulation and supervision of international banking is complex and should involve extensive cross-border coordination.