Dec
04
Regulation Without Borders Comes Under Fire in Washington
ByThe Financial Stability Board, an informal group of international regulators that does increasingly formal things, has concluded that three of the largest American banks should be forced to comply with higher capital requirements.
The action shows how important international regulation has become to American financial institutions. Increased capital requirements cost large banks billions of dollars and can be thought of as taxes on size and systemic importance, though the American banks say they already meet the board’s requirements…
Regulation Without Borders Comes Under Fire in Washington
