The Fate of Foreign Financial Institutions
Little noticed in the flurry of regulatory realignments since the election is the sea change coming for foreign financial institutions doing business in the United States.  Caught in the complex confluence of foreign, trade, and financial policy, foreign entities and especially foreign banking organizations (FBOs) of any size face a new strategic reality.  Now, trade in financial services will only be weaponized when other national-policy tools are deployed.  However, the 2020 financial meltdown exposed weaknesses at parent companies the U.S. will no longer rely on home-country regulators or global negotiations to resolve.