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It is already considering the merits of getting a functioning capital market to sit alongside the banking system.
ECONOMIST: But in Asia they will take time to build
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We are now at a point where it is almost impossible to imagine a functioning capital market without an oversize role for government.
FORBES: The War For U.S. Capital Markets
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Mario Francescotti, a senior manager at Morgan Stanley in Hong Kong, argues that the infrastructure for deep, well-functioning capital markets cannot be built without the participation of the dominant banks.
ECONOMIST: But in Asia they will take time to build
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The details may be arcane, but the independence of standard-setters, essential to the proper functioning of capital markets, is being compromised.
ECONOMIST: Banks and accounting standards
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The confidence of all users of financial statements in the transparency and integrity of financial reporting is critically important to the effective functioning of capital markets, efficient capital allocation, global financial stability and sound economic growth.
FORBES: Have They Pushed the Self Destruct Button at the International Financial Reporting Standard Foundation?
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Those eight banks were singled out because they were presumed to be healthy and vital to the functioning of the capital markets.
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Traffic lights on the streets of the capital were not functioning as early morning commuters made their way into work, leading to gridlock.
BBC: Power cut causes major disruption in northern India
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With rates at zero, the Fed has been pumping excessive amounts of capital into the system just to keep things functioning.
FORBES: The Fed, Act II, Scene I: The Art Of Perception!
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Moreover, the Commission considers that, despite having taken corrective measures, the UK is still not fulfilling the stipulations of the Treaty on the Functioning of the EU and of the EEA Agreement on the freedom of establishment and free movement of capital.
FORBES: UK Uncut, Vodafone and the ?6 Billion Tax Bill That Never Was
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In the capital, Delhi, auto-rickshaws and taxis were off the roads, but metro services were functioning normally.
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