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The rigid capital controls introduced in March have been steadily relaxed, but they still snarl businesses and ordinary Cypriots in a web of red tape.
The Federal Reserve chairman, Alan Greenspan, weighed in this week with a denunciation of rigid capital controls but a call to confront the problem by tightening supervision over banks that engage in international finance.
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Perhaps Ashikaga was not big enough to save.Moreover, says Brian Waterhouse, a banking consultant, at least another ten regional banks would have similar problems if the FSA applied to them the same rigid definitions of capital and classification of non-performing loans as it has to Ashikaga.
Volcker: Well, you're talk about rigid rules in capital.
Forbes: Do you think regulators are up to the task in the sense of, in addition to looking at trading slips from time to time, just having rigid rules on capital?
However, GATT's principles did not extend to financial activity, consistent with the era's rigid discouragement of capital movements.
On Aug. 18, the government announced a de facto devaluation of the ruble, a forced restructuring of its short-term debt and rigid controls on outgoing capital.
As the performance of these large infrastructure systems is sensitive to uncertain climatic parameters, it becomes difficult to "lock-in" a particular capital intensive and rigid infrastructure system as the best solution to tackle climate change.
It is important to recognise the lone bloggers exposing corruption and railing against rigid societal norms, to the capital intensive enterprises seeing emergence from older forms of the press.
But if the world's biggest economy stagnates and the second-biggest keeps its currency cheap and its capital account closed, a rigid monetary system will eventually buckle.
WASHINGTON — Twice in recent years, the Supreme Court rebuked the federal appeals court in Atlanta for its rigid attitude toward filing deadlines in capital cases.
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