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Which of the following financial institutions needs to comply with the provisions of CAD, the Capital Adequacy Directive? This question concerns the main home-country operations

  1. Which of the following financial institutions needs to comply with the provisions of CAD, the Capital Adequacy Directive? This question concerns the main home-country operations of these banks, not certain overseas subsidiaries or branches. Choose one, Explain Why:
    1. JP Morgan Chase (a US bank)
    2. Credit Suisse First Boston (a Swiss bank)
    3. Deutsche Bank (a German bank)
    4. Sumitomo Bank (a Japanese bank)

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