I think over time it is hard to sustain that. Why? Just simply because one country is going to look at this and, you know, when things stabilize--and hopefully they will stabilize--that country is going to say, you know, we could get more banking business here if we tweaked this a little bit and tweaked that a little bit.
Mike Johanns: “I think over time it is hard to sustain that. Why? Just simply because one country is going to look at this and, you…”
On the recordFebruary 3, 2009
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congress.govEditor's note · Context
Johanns discusses the challenges of maintaining uniform financial regulations globally.
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