A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.
Discuss some of the challenges you may face in this new environment. What are the cultural, ethnic, social, and educational characteristics? Describe the political and legal systems. How much does the government intervene in the private sector? How will that affect your financial institution? What type of economic system does it have? What is the history of that economic system? How is the country involved in international trade? How does the government get involved in trade issues? Will that help or hurt your financial institution? Will your presence in this country be helpful in your attempts to invest in other developing countries? Is this country involved in any regional integration efforts? How so? Why did you choose this location for your bank? As a manager, what would be your overall assessment about whether you want to pursue opening an office there? Are the financial risks worth taking? Will it be beneficial to all of the stakeholders?