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"It's unfortunate that in today's very tight capital market a company like this can't proceed".
Mr. Prough said, however, that tight capital had put a damper on corporate acquisitions, those of movie companies included.
Under Bretton Woods, the world had tight capital controls and one reason the system broke down is that these proved difficult to enforce.
"Good-quality assets and tight capital discipline mean we can weather the current downturn and maintain our competitive position in this challenging environment," he said.
First, partly as a result of tight capital markets, fewer investors are willing to buy such policies, so supply now outstrips demand.
The post-war period of financial repression occurred under the Bretton Woods system of fixed exchange rates, which was marked by tight capital controls.
Similar(41)
It also is bolstering its balance sheet because of tighter capital requirements.
That is almost bound to mean tighter capital standards and tougher supervision.
But those proposals fell by the wayside and were replaced with plans for tighter capital adequacy rules.
Imposing tighter capital requirements, as the G20 countries have promised to do, should increase resilience in two ways.
Several bankers speaking at the same Frankfurt conference said they were in favor of tighter capital requirements.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com