11/27/2009

The Warwick Commission on International Financial Reform issued a study that says regulators should be able to determine the rules that international banks must follow in their country rather than rely on regulations of the country in which the financial institution is based. The group of economists, academics and lawyers offered five suggestions to help avoid a repeat of the financial crisis. The study says striving for a "level playing field" contributed to the "too big to fail" issue because it disproportionately benefited international banks.

Full Story:
NYTimes.com

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