The latest spring-clean deals with the banks individually, and adroitly uses some of China's vast stock of foreign-exchange reserves to boost their capital.
Instead, we chose a strategy to lift the fog of uncertainty over bank balance sheets and to help ensure that the major banks, individually and collectively, had the capital to continue lending even in a worse than expected recession.
Moody's, a credit-rating agency, argues that although the banks individually stink (it rates many of them as "E" or "E+", on a par with the average bank in Mexico or Russia), the promise of public support greatly raises their collective stability, giving them an average credit rating of "A".
Some of the biggest banks individually spent more.
Unlike most major banks, individually, none of them have attained a billion dollars in assets.
Governor of the Bank of England and former Governor of the Bank of Canada Mark Carney has described two approaches to global financial reform: shielding financial institutions from cyclic economic effects by strengthening banks individually, and defending economic cycles from banks by improving systemic resiliency.
In recent weeks, banking executives and financial analysts here said, the finance ministry had asked troubled banks to individually negotiate ways out of the crisis.
The old supervisory framework assumed that if the 100 largest banks were individually safe, then the system was too.
The BBA has no regulatory powers and it co-ordinates a wholly private activity, even though the member banks are individually regulated by the FSA.
If successful, Cobalt could solve the massive cost on post-trade processing and foreign exchange for major banks that individually spend up to a billion dollars a year on FX post trade.
