Our Views on the recent banking reform proposals totally missed the mark
That could be done by giving the government authority to take over non-bank institutions
the way it does with commercial banks, without waiting for a shareholder vote. This can be tricky with international institutions, since some countries could suffer more than others. This could be resolved by requiring that financial institutions use subsidiaries to operate in foreign countries rather than by establishing branches across borders. The subsidiaries would be regulated by the countries in which they operate.Our Views on the recent banking reform proposals totally missed the mark
By: Ziad K. Abdelnour