You are a member of the Board of Directors of a major local bank. You believe that the only way for the bank to grow its business is to actively participate in international banking. However, most of the board members are conservative and cost-conscious. Which options of international banking you may bring out for discussion in the next board meeting ?

To avoid lengthy discussion, you may suggest no more than two options to the board members. Justify your answer by explaining the pros and cons of your options.