It's the home of regulators and the dominant source of finance.
Home-market regulators thus prefer their lenders not to have too great an exposure elsewhere.
Foreign-owned banks have their reputations at home and around the world to consider, not to mention their home-country regulators, so they will be less susceptible to corruption than incumbent domestic banks.
Government regulators may also home in on whether the H-P board properly disclosed the allegations against Mr. Hurd and the reasons for his dismissal, according to the management lawyers.
Investors can verify background of registered representatives and their firms by contacting a home state's securities regulators, usually located in the state capital, or online at www.nasdbrokercheck.com, a website run by the National Association of Securities Dealers.
Both companies are major multinationals, and while there was no question that their European operations made the deal subject to EU approval, it seemed jarring that regulators in their home country would approve a transaction that was then blocked overseas.
Before Friday's measures, regulators had most recently tightened home-loan rules in October.
Anyone in the world may use Schwab's English-language website (www.schwab.com) to open a U.S. dollar-based account and trade U.S. stocks assuming, of course, that the financial regulators in the customer's home country approve.
The home-field advantage induces a systematic bias among financial regulators, especially on crucial issues and at crucial junctures.
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You surely expect central banks to produce a stable currency, and safety regulators to lower risks at work and in the home.
And unless the capital is accompanied by supervisory reforms, local regulators may encourage banks to lend more freely at home since the risk of loss will have been exported.
The federal Financial Crisis Inquiry Commission in concluded in its final report two years ago that the 2007-2008 market upheaval, followed by national recession, came from a decade of "pervasive permissiveness" by regulators with expanding debt and high-risk behavior by home buyers and owners, mortgage lenders, investors and financial institutions that repackaged and resold that debt.
Regulators in Connecticut, New Jersey and New York, all home to major U.S. life insurers, say they haven't been briefed.
The directive also put home-country supervisors in charge of prudential oversight while host-country regulators were to ensure that local bank branches, wherever their headquarters, observed local rules.
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In response, on January 22nd the electricity and gas regulators proposed that power firms be barred from supplying gas in their home areas until electricity is competitive there.
Or overly zealous regulators or a post-election change in government policy could unsettle mortgage lenders or home buyers.
Mr. Wheatley, a Briton who spent 18 years at the London Stock Exchange before taking the Hong Kong post in 2005, said the problems with Chinese companies listing outside their home jurisdiction, including those that list in Hong Kong, were exacerbated by the fact that regulators seeking more information about a company rely on third-party investigators.
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It is now up to the regulators and policy makers in Washington to correct the broken mortgage system - before the damage to home owners, banks and the US economy becomes too great.
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