When it comes to global e-banking, the regulatory situation is even more complicated. The internet is global medium, and in theory many banks should be able to
offer their services to customers in other countries, but legal and regulatory obstacles
means that this type of trade is difficult in practice. For example, in any cross-border
provision of financial services, it is possible both for the country where the firm is
based and for the country where a customer is based to assert regulatory jurisdiction. So both countries face the issue of whether they will both seek to regulate the
firm, product or activity or whether they will divide responsibilities between them
in some way.