On the recordJuly 19, 2010
I am delighted they are talking about the capital standards, but this is going to involve different levels of domestic political pain depending upon the country.
Source
congress.govI am delighted they are talking about the capital standards, but this is going to involve different levels of domestic political pain depending upon the country.
Bayh emphasizes the political challenges countries face in implementing capital standards.
Share & report
More from Evan Bayh
Well, I would encourage you to keep an eye on that because to the extent that they are not harmonized, they can lead to some consequences that could hurt us commercially.
Providence, Rhode Island, has been a great story that has happened, not many years ago a place that was in real trouble.
I will make one comment I do not expect you to respond to, but a skeptic might look at all this and say what was really at work here was a choice between an eventual orderly restructuring or a disorderly restructuring that could have been…