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The Basel Committee also expanded the definition of liquid assets to include even securities backed by home mortgages, one of the financial instruments that helped case the crisis.
Those complicated financial instruments that helped bludgeon the economy, she says, should have been subjected to elemental tests: Is this good for consumers?
Goldman Sachs had a bright idea for its clients: buy credit-default swaps -- those controversial instruments that helped trip up the American International Group -- in case certain nations ran into financial trouble.
The accusations of fraud involve derivatives, the sort of complex financial instruments that helped to lead to the banking system's near-collapse in 2008, and which the pending legislation would regulate for the first time.
Such plans, and the records of their use, were instruments that helped to realise and maintain the National Party's Group Areas Act (1950) legislation, which segregated populations racialised as 'black', 'Indian' and 'coloured' into residential areas away from those allocated to the 'white' population.
The agency's chairman, Gary Gensler, said: "The result of the House bill is to effectively put the interests of Wall Street ahead of those of the American public, by significantly underfunding the agency Congress tasked to oversee derivatives — the same complex financial instruments that helped contribute to the most significant economic downturn since the Great Depression".
Similar(52)
At one point, Hoving studied the use of scientific instruments that help detect forgery.
InnerDyne makes instruments that help make the tiny incisions for so-called minimally invasive surgery, which is less traumatic for patients than traditional procedures.
If this camp sees a place for stocks in a pension fund, it is only if they are hedged with derivative securities -- financial instruments that help protect against adverse price movements.
Therefore, instruments that help to assess the present situation and assist in the development and evaluation of solutions may be important.
One can also extend the domain, and consider traits of persons that are latent talents or instruments that help them to achieve their ends as also included within the set of resources to be equalized.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com