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This is the second of a two‐part paper, the first part of which was published in The International Journal of Regulatory Law & Practice Volume 1 Number 2, pp. 170–184. This part considers some of the multinational initiatives that have been undertaken for the supervision of international banks both within the EC and outside it. Deficiencies in the international arrangements for bank supervision are noted before some suggestions for reform are set out. The author concludes with a timetable of events outlining BCCI's history.

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