1. Wary of America's Overhaul.
- Author
-
Zuo Xiaolei
- Subjects
- *
BANKING laws , *TRADE regulation , *REGULATORY reform , *REGULATION of financial institutions , *BANKING industry , *EMERGING markets - Abstract
The author comments on the new financial regulatory law in the U.S., the Banking Act of 1933, and its impact on emerging economies. She believes that the bill is the most comprehensive and strict supervisory law in the U.S. history. She explains that the law introduces the separation of bank types into commercial banking and investment banking. She cautions emerging economies into thinking that what is being practiced in the U.S. is the right way of solving problems.
- Published
- 2010