A foreign branch bank is all of the following, except for

a. is a part of the parent bank but operates like a local bank in the host country.

b. allows a U.S. bank to provide a fuller range of services for its MNC customers than it can through a representative office.

c. is used to avoid U.S. banking regulation on transactions routed through foreign country.

d. is subject to the banking regulations in both its home country and the local host country.