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The administration said it would study the way oil regulators apply the environmental law and make changes if necessary.
The biggest banks, to which regulators apply the ungainly term Large and Complex Financial Institutions (LCFIs), straddle so many markets, in so many countries, that a national authority cannot act alone.
Taking out insurance also brings the risk weighting that regulators apply to these mortgages down to zero, which means that the banks derive no capital advantage from funding them through securitisation.
The ratings agency said: The European Banking Authority has raised the capital hurdle for its European-wide bank stress test this year, but the robustness of the exercise will depend on final methodology and scenarios, and how regulators apply certain discretions.
It'll depend upon how the regulators apply the rules.
In financial services for the poor, for example, regulators apply higher safety and soundness demands on ventures taking money from the poor compared to those giving it.
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The last time, a decade ago, that international supervisors looked at bank capital, it took three years to put into law in Europe changes that American regulators applied in three months.
The American regulators applied stress tests that appear to have been adequate, while the first European round of stress tests assumed that sovereign debt was safe.
Better to start with a strong European supervisor to stop the farce of national regulators applying stress tests that hide more than they reveal.
That would raise the amount of capital required to around €150 billion (see chart 1), although less reassuringly, Dexia would still have passed even this target.There is talk of regulators applying a 9% minimum, which would raise the capital shortfall to €248 billion.
High concentrations of plant growth regulators applied to the Murashige and Skoog (MS) medium also resulted in diminished pollen viability.
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