About 47 big operations met the new requirements and are overseen by banking authorities.

"We're going to see a great deal more of this type of pressure from banking authorities."

Complying with regulations costs banks $17.5 billion a year, Federal banking authorities said in an annual report.

But in the past, Federal banking authorities have resisted.

Mexico has asked the Swiss banking authorities to freeze the accounts.

The branches would be supervised by the banking authorities of the country where the first unit was based.

(C) the lending activities of such concern are not regulated by any Federal banking authority.

The latter would be directly subject to the new banking authority.

I wish simply to point out that this matter is the focus of particular attention, including by the banking supervisory authorities.

Swiss Government and banking authorities have moved to begin their own investigation.