Global banks are working on improving their risk management since the 2008 financial crisis by implementing risk controls locally and rolling up the results globally.

FORBES: Banks Move Toward Global Risk Management, One Local Step at a Time

"We are in the process of implementing additional controls for our new store permit-and-licensing program to ensure the process is handled appropriately and in full compliance with all laws and regulations, " the Wal-Mart spokeswoman said.

WSJ: Wal-Mart Hits Obstacle to Growth in India

Finance Minister Michalis Sarris said he expects a decree implementing these capital controls to be ready by midday Wednesday.

WSJ: European Stocks, Euro Down on Italian Auction