National regulators began imposing formal capital requirements in the 1980s, and by 1988 most large multinational banks were held to the Basel I standard.

What he doesn't entirely forget, however, is his experience as a director of a multinational bank.

But some of the top 50 multinational banks might be "adversely impacted," he added.

Other multinational banks have only a nominal presence in Pakistan, where the annual per capita income is only about $500.

"The Fed is definitely concerned about the system," the chief financial officer for a New York-based multinational bank said yesterday.

They house the local head offices of multinational banks, government agencies, private agencies, and other types of organizations.

All of America's big, multinational banks could face substantial headaches if ill-considered loans go sour in a slowing domestic economy.

It is estimated that it could cost multinational banks $100 million to $300 million to update their systems.

The majority of these people have previous experience at multinational banks and consultancy firms.

There are many Pakistani bankers working in various local and multinational banks.