Instead, the IMF officials said that national proposals to restructure large banks, limit their activities or heighten requirements on foreign banks may be justified if regulators are unable to effectively supervise complex financial institutions or if foreign officials refuse to rein in banks considered to be "too important to fail".
The regulator said it could restrict certain activities, heighten requirements for banks that engage in certain physical commodities businesses, or in effect make it so expensive for banks to play in physical commodities that banks may conclude it's simply not worth the hassle.
No one would argue that a university could set up a lower general admission standard and then impose heightened requirements only on black applicants.
Governor McDonnell, an abortion opponent, recently signed a bill that imposes heightened requirements on abortion clinics, which abortion rights advocates say would effectively shutter about two-thirds of the clinics in the state.
At the University of California (UC), Berkeley, enrollment in statistics courses has grown from 84 to 450 in 5 years, even though the university heightened requirements for entry into the major, says AnnaLee Saxenian, dean of the university's School of Information.
Public institutions have been faced with punishing demands, diminishing resources, and heightened requirements for efficiency and effectiveness.
The biggest problem is that, unlike the straightforward, understandable approach to online privacy that the FTC has used for years, the new FCC proposal would create an irrational patchwork with illogically heightened requirements for broadband providers.
The more important firm, Mr. Tarullo said, should therefore hold capital equal to 20 percent to 100 percent more than the recently heightened banking requirements known as Basel III, which requires banks to maintain capital equal to 7 percent of assets.
Given purely business incentives, they are more likely to sustain sanitation supply in order to meet the heightened demand and maintenance requirements in communities.
But they said the package would probably include an extension of war-risk insurance and some compensation for the costs from heightened security requirements.
He added that the board had heightened its requirements "partly in response to the mistaken notion that condos were an 'anything goes' form of ownership".
