Banks Upset Over Future Reforms
source: http://www.guardian.co.uk/business/2010/may/24/banks-iif-warning-capital-requirements
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- Mcellie
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From reading the article, it sounds like senior level bankers are concerned over bank reform that could break up some banks and force banks to hold capitol.
I'm sure capitol can very very simply be described as back up insurance money, to support the bank in case of problems like toxic assets. (please correct if madly wrong). However, the banks are now saying forcing capitol on banks "would have a "significant impact" on the global economic recovery."-Guardian
The article is an interesting read because some of the problems addressed sound a lot like factors I've heard that could have prevented the banks from collapsing from the recession.
"The unco-ordinated policies announced by governments that had once been working through the G20, particularly the US regulations to stop banks engaging in risky trading activities, have unsettled bankers who prefer a unilaterally agreed approach to their industry."-Guardian
I'm sure capitol can very very simply be described as back up insurance money, to support the bank in case of problems like toxic assets. (please correct if madly wrong). However, the banks are now saying forcing capitol on banks "would have a "significant impact" on the global economic recovery."-Guardian
The article is an interesting read because some of the problems addressed sound a lot like factors I've heard that could have prevented the banks from collapsing from the recession.
"The unco-ordinated policies announced by governments that had once been working through the G20, particularly the US regulations to stop banks engaging in risky trading activities, have unsettled bankers who prefer a unilaterally agreed approach to their industry."-Guardian
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- tags:
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