Exact(20)
Strong banking sector is pulling in financial workers.
"Our attractive tax system would be meaningless without a strong banking system," Mr. Sarris said.
As Mr Tombini points out, Brazil has a strong banking system and the reserves ($376 billion) to smooth a gradual exchange-rate adjustment.
Such is the current faith in Mr Greenspan that he is expected to deliver full employment, price stability, a strong banking system and a rising stockmarket.
At a European Central Bank conference in Frankfurt on Nov. 19, he said that the Continent's stellar growth in the postwar decades — fueled by technological adoption, growing integration and a strong banking system — stalled in the early 1980s.
Mr. Greenspan spent much of his speech building a case that countries with both strong banking systems and healthy capital markets were far better able to weather financial troubles than countries that have only one or the other.
Similar(40)
"Strong banks want strong regulation," Diamond says.
Big Bank Advantages China's strong banks are choking the weak.
That means few abortion restrictions, strong bank regulations and no capital punishment.
Strong banks and domestic demand made for a speedy rebound from the 2008 credit crunch.
With investors wary, even strong banks have had to raise capital to maintain their relative positions.
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