How did other nations respond to the financial deregulation in the United States in the late 1990s and 2000s?

A) Foreign investors rarely found out about the new opportunities.
B) Banks across Europe and Asia bought large amounts of investment products in the deregulated market.
C) Coming from a more conservative business climate, European banks shied away from the fruits of deregulation.
D) As lawmakers had intended, Asian nations bought up the majority of the new assets available through deregulation.

Financial Deregulation

The process of removing or reducing government restrictions on financial markets and institutions, often with the intent to increase efficiency, competitiveness, and innovation in the financial sector.

European Banks

Financial institutions based in Europe, playing key roles in the global financial system through lending, investment, and other financial services.

Asian Nations

Refers to the countries located on the Asian continent, characterized by diverse cultures, languages, and economies.