First of all, the regulation of "Systemically important systems" should clearly be undertaken by the Department of Redundancy Department.
Now that I've got that out of my system:
1. Cheers for the extension of regulation, including capital requirements, to all "Tier 1 FHCs" - which, in the report's jargon, means any financial institution, whether or not it's [...:]
Published on June 17, 2009 08:34