Skip to main content

Newsroom

December 10, 2012

Bank regulators edge towards ‘protectionism’

Four years after several international banks had to be rescued, the UK and US – two of the countries hit hardest by the financial crisis – are taking radical steps to ensure that their citizens will be protected if financial institutions from other countries fail in the future.

The UK watchdog is putting pressure on overseas financial institutions such as Bank of China and Bank of Ireland to route their London operations through subsidiaries that are locally regulated and must have local capital and liquidity.”

 

***

Read Shahien Nasiripour and Brooke Masters’ full article here

 
In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today