TITLE

Branch lines

AUTHOR(S)
Blackmore, Nicole
PUB. DATE
July 2009
SOURCE
Money Marketing;7/9/2009, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the suggestion of the Financial Services Authority (FSA) to separate global banks into local entities in Great Britain. According to FSA chairman Lord Adair Turner, the proposal serves as an option to the system where the obligation for rescuing the whole international operations falls on the country of origin. It is said that dividing global banks into local entities may not be effective due to the number of international trades and transactions that occur.
ACCESSION #
43459458

 

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