Chicago Fed Letter, March 2007

The March 2007 edition of the Chicago Fed Letter includes "Global Banking and National Regulation: A Conference Summary" by Cabray L. Haines, former senior associate economist, and Calvin T. Ho, associate economist.

Although banking across national borders has expanded rapidly, banking regulation remains nationally based. As a result, governments and financial institutions face significant challenges when instability arises. At the Chicago Fed's International Banking Conference, participants

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