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We find that central bank independence exercises a positive impact on bank soundness, which in the case of smaller banks is enhanced during the crisis.
The comptroller, part of the Treasury Department, has indicated that it now considers deceptive lending practices to be a potential threat to banks' "safety and soundness," which it is responsible for monitoring.
The gravest damage of l'affaire Blair has been to the newspaper itself — and less to its public reputation than to its internal soundness, which is ultimately of greater importance.
"When you look at the whole second term, the biggest issue I think is fiscal soundness, which is the predicate for real economic improvement and growth," Bill Daley, Obama's former chief of staff, said.
National regulators will continue to have some responsibilities, like ensuring consumer protection and policing money laundering, but the E.C.B. will be in charge of overall safety and soundness, which should give depositors and investors more confidence in the banking system.
The predatory subprime lending crisis demonstrated what can happen when financial institutions fail to lend consistent with safety and soundness, which CRA requires.
Similar(54)
In 1992, Congress passed the Federal Housing Enterprise Safety and Soundness Act, which brought Fannie and Freddie under a new regulator and asked the Department of Housing and Urban Development (HUD) to set affordable housing goals for these agencies.
"This proposed rule will help address a key safety and soundness issue which contributed to the recent financial crisis — that poorly designed compensation structures can misalign incentives and induce excessive risk-taking," said Sheila C. Bair, the F.D.I.C. chairwoman.
Bank safety and soundness regulation, which is designed to protect depositors and ultimately the government's deposit insurance funds, is a sensible model to follow.
The results showed that RA has higher absorption capacity due to the mortar adhered on the surface, higher abrasion loss, high crushing value, and soundness loss which could be attributed to previous exposure to weathering and loading.
WF-nets carry the property of soundness [51,52], which informally states after the completion of a net, only one token must remain in the unique passive output node and all other passive nodes must be empty.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com