European Tribune - Comments - European banks

European banks - time to take decisions | 3 comments (3 topical, editorial, 0 hidden)

Re: European banks - time to take decisions (4.00 / 2)

A harmonised European banking charter, or legal status (I'm reading both English and French), and a prudential supervision authority with appropriate (ie real and inescapable) auditing powers, seem a base requirement from now on.

But right now, there isn't any of this. How sure are we now that we have the "right information" about banks' liabilities? Above all, isn't it the lack of visibility regarding the situation of American financial institutions that guarantees that this crisis is far from over?

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 6th, 2008 at 02:46:56 PM EST

Re: European banks - time to take decisions (none / 1)

It would seem that a similar agency is needed for each of the the USA, China, Japan, Singapore, Saudi Arabia, Kuait, Brasil, Russia, etc. Their remit must include hedge fund activity that extends beyond national borders. They would have to have common rules and maintain close and continuous coordination.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Oct 7th, 2008 at 10:34:26 AM EST
[ Parent ]

European banks - time to take decisions | 3 comments (3 topical, 0 editorial, 0 hidden)

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