Why should big foreign banks be treated differently when 70% of farming households have no access to formal finance?
Your supply chain metrics may also lack formal definitions and standards common in finance and other areas of your business.
The Ministry of Finance may not issue formal rules disallowing guarantees, but it will prevent the banks from taking schoolhouses, bridges, and other public assets.
George Osborne, the UK chancellor who led frantic diplomatic efforts to blunt the curbs, must now decide whether to force a debate or a formal vote at a meeting of finance ministers next week.
Speaking before the two-day G7 gathering started with a formal dinner on Friday night, Japanese Finance Minister Koji Omi said the yen's current low value simply reflected the country's ongoing economic recovery.
Microlending has launched a revolution in the provision of democratic finance to those unable to borrow from formal financial markets.
In the absence of any such formal arrangements, the euro-11 club of finance ministers may, in exceptional circumstances, provide general guidance on exchange-rate policy, although they have already said that they are not likely to intervene much.
The finance ministry therefore wants to give the bank formal autonomy, which Congress must approve.
The negotiators said the new bank rules should come into force on Jan. 1, 2014, provided they get formal sign-off from both the full European Parliament and EU finance ministers and can be written into national law in all 27 member states in time.
Things are going so well that Antonio Palocci, the finance minister, recently resurrected the unpopular idea of giving the central bank formal independence.
Dutch finance minister Jeroen Dijsselbloem, the current head of the Eurogroup, held a formal, on-the-record joint interview with Reuters and the FT today, saying that the messy and chaotic Cyprus solution is a model for future bailouts.
With the oversight of senior management and our audit committee, we have begun taking steps and plan to take additional measures to remediate the underlying causes of the material weakness, primarily through the development and implementation of formal policies, improved processes and documented procedures, as well as the hiring of additional finance personnel.
Mr Krugman, who pioneered formal economic analysis of what causes currency crises, points out that Asia's banks and finance companies operated with implicit government guarantees.
ECONOMIST: Disaster has spawned a new theory of financial crises
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