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The Fed could also make banks that run money market funds hold capital to protect against losses in the funds.
"Based on scenarios we've run, money will pass in our direction," Bettman said during a separate conference call.
"Low turnover is a better way to run money — the reality of companies doesn't change that fast," she said.
This deficient system "functionally financed criminal operations, especially allowing tellers to borrow seed money to run money laundering, gambling or loan sharking operations," the report said.
Standard Chartered paid $670m to settle allegations it breached sanctions with Iran while HSBC was fined $1.9bn to settle allegations that it helped to run money for Mexican drug barons.
Even institutions that track indices, and so may not sell shares, have not been particularly activist.The biggest obstacle to shareholder activism is the fact that most big fund managers also run money on behalf of companies in the form of 401(k) plans and pension funds.
Similar(42)
The sale of the Bobcats, for $300 million, is symptomatic of how the economy exposes poorly run, money-losing teams.
THOSE good at running money rarely run companies well.
The Beats wrote jeremiads ("Moloch whose blood is running money!" "America when will you be angelic?").
He ran money for his college.
Mark Walter ($1.75 billion): Owns the LA Dodgers and runs money manager Guggenheim Partners.
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