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9240

9240

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Published by Chris Nash

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Categories:Types, School Work
Published by: Chris Nash on Jul 26, 2008
Copyright:Attribution Non-commercial

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06/16/2009

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U.S. Banks and InternationalTelecommunications
October 1992
OTA-BP-TCT-100NTIS order #PB93-116200GPO stock #052-003-01311-8
 
Recommended Citation:
U.S. Congress, Office of Technology Assessment,
U.S. Banks and International Telecommu-
nications--Background Paper,
OTA-BP-TCT-l00 (Washington, DC: U.S. Government
Printing
Office, September 1992).
For sale by the U.S. Government Printing OfficeSuperintendent of Documents, Mail Stop: SSOP, Washington, DC 20402-9328ISBN 0-16-038188-6
 
Foreword
U.S. banks competing in the European market for financial services are among the largest
users of international telecommunications networks. Their ability to create innovativefinancial services and deliver them through public, private, and shared networks provides acompetitive edge and allows financial services to contribute strongly to our positivetrade-in-services balance. At the same time, however, reliance on electronic systems means
increased risk to our national payment system, probably the most serious of the public policy
issues related to U.S. banks and international telecommunications.This background paper on U.S. banks is one of several case studies prepared as part of 
a
huger
assessment of 
 International Telecommunications Networks and U.S.-European Trade
in Services. The
assessment, requested by the Senate Committee on Finance and the House
Committee on Foreign Affairs, will be completed in the spring of 1993. The case studies focus
on exporters of trade in services as users of global networks. This background paper is beingreleased separately from the larger assessment to make it more readily available to thosecongressional committees whose primary interest is in financial services rather than in
telecommunications or foreign trade.
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M----
JOHN H. GIBBONS
w
Director
iii

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