International Finance:

Competitive Concerns of Foreign Financial Firms in Japan, the United Kingdom, and the United States

NSIAD-88-171: Published: Jun 24, 1988. Publicly Released: Jun 24, 1988.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO reviewed the regulatory treatment of U.S. financial firms in Japan and the United Kingdom and the treatment of foreign financial firms in the United States to determine whether the three countries uniformly applied national treatment.

GAO found that: (1) all three countries made steady progress in reducing competitive barriers; and (2) national treatment appeared to be a reality in many areas of the international financial services industry. Specifically, GAO found that: (1) U.S. financial firms generally received national treatment in Japan and in the United Kingdom, but found it difficult to do business in Japan; (2) foreign firms in the United States generally received equivalent treatment with U.S. firms; (3) firms judged remaining national treatment concerns as minor relative to general conditions; and (4) firms expressed the most concern about additional issues which transcended national treatment, such as financial market deregulation and globalization.

Mar 16, 2018

Mar 8, 2018

Mar 6, 2018

Feb 27, 2018

Feb 14, 2018

Feb 6, 2018

Jan 29, 2018

Dec 14, 2017

Nov 21, 2017

Nov 13, 2017

Looking for more? Browse all our products here