Last month he announced a proposal, expected early next year, to streamline banking regulations.
"Executives are concerned about the overvalued kyat, banking regulations, but not about politics, " says James, who attended the meeting.
These reforms helped the country rebound, and its strong banking regulations kept banks well capitalized compared to the U.S. and Europe.
Generally speaking the accords refer to recommendations on sundry banking regulations issued by BCBS which is located in Basel, Switzerland.
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The bank says its desire to do more business with low-income borrowers has been thwarted by banking regulations that discourage high-risk lending.
He has hosted a number of conferences to highlight the issue and last month announced a proposal, due early next year, to streamline banking regulations.
He also conveyed the FSA's worries about the bank's culture, including the attitudes of its most senior staff to risk-taking, tax laws and banking regulations.
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But bank analyst Dick Bove speculates whether Walmart is getting away with running what looks to be a banking operation but without all the banking regulations.
Banking analysts also say a recent relaxation of so-called Basel III banking regulations might ease the need for some banks to unload real-estate assets right away.
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He has created a new set of banking regulations and a consumer regulation agency that have at least established parameters for acceptable behaviors in that industry.
Basel II was initiated in 2004 and expanded capital requirements to include tenets to maintain consistency of banking regulations globally in respect to risk and capital management procedures.
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It primarily critiques the labyrinthine banking regulations of Basel III.
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At yet another point, it is claimed by the Times, Mr Ashcroft, who had bought Belize's biggest bank, tried to obstruct attempts by the country's central bank to tighten banking regulations.
Banking regulations help protect local firms from foreign rivals.
He had also conveyed the FSA's worries about the bank's culture, including the attitudes of its most senior staff to risk taking, and flouting the spirit of tax laws and banking regulations.
The Vatican Bank came under suspicion of money-laundering and failure to conform to international banking regulations during Benedict's pontificate, and its director was forced to resign last year after a stormy board meeting.
Many banking regulations are worked out jointly among regulators, and "the OCC has been a very negative presence behind the scenes in Washington for many years, " said Travis Plunkett, legislative director of the Consumer Federation of America.
The final shape of global banking regulations is yet to be seen, as it is really a work in progress, and, for most of the emerging market countries of the world, the true impact is still a couple of years away.
The Vatican Bank - known officially as the Institute for Works of Religion - has hitherto exempted itself from international banking regulations on the grounds that it is not a real bank in the normal sense of the word, our correspondent says.
Congress passed historic banking regulations during the New Deal, including the Glass-Steagall Banking Act of 1933, the Securities Act of 1933, and the Public Utility Holding Company Act of 1935, all of which vastly expanded the role of the federal government in overseeing and regulating Wall Street.
To have the agency under the leadership of someone with Mr. Curry's track record could significantly affect future banking and consumer regulations, he said.
We could also propose easing some of our own regulations governing banking and the bidding process for government contracts.
When Cyprus joined the European Union in 2004 certain regulations and banking standards regarding business transparency had to be met.
Since regulations separating banking from other financial industries were relaxed in 1987, the banks have snapped up all but one large investment dealer and every national trust company save one.
New regulations have made banking a challenge, but the low interest rate environment has been even worse for profits.
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Tax havens are usually characterized by extremely low tax rates, strong banking secrecy laws and flexible regulations in terms of licensing, incorporation and supervision.
It does raise questions about the sincerity of the SEC in working with Congress in the current process of coming up with meaningful regulations on the banking industry in the wake of the most recent financial collapse.
It is this special status of banks that underlies the complex web of supports and regulations that surround the banking sector.
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The third banking problem for 2013 will be new regulations.
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Repealing Glass-Steagall removed the barriers between traditional and investment banking, placing everything under congressional rules and regulations.
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