Hints and tips:
...US lenders, which have long had correspondent relationships with foreign banks, have recently been under pressure by regulators to cut ties to overseas financial companies because of concerns about money...
...As one of them says: “When Trump and (Fed governor Randy) Quarles came in we thought we would see some real easing of regulation of the dealers....
...“But on balance it [is] helpful to have the US involved as it ties them in to the process, and they can be satisfied that it has gone properly.”...
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