Subj: Could Cypress
happen here? Some new global rules and regulations
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These are some of the new
banking rules and regulations for the Global Reset. When exchanging
currency talk to the Private Banker/Wealth Manager about the SAFETY of money
with regard to insurance and value. It seems that money in a brokerage
account will be insured for more than a banking checking/savings account with
the FDIC and there should be more ways in a brokerage account to maintain the
value of the currency.
VERIFY
WITH THE PRIVATE BANKER/WEALTH MANAGER WITH WHOM YOU'RE WORKING
If Cyprus could happen here ~~~ See the FDIC letter with the Bank of London - paragraphs 11, 12, 13 & 14. http://www.fdic.gov/about/srac/2012/gsifi.pdf
10 December 2012
Resolving Globally
Active - Systemically
Important, Financial Institutions (G-SIFIs)
Federal Deposit Insurance Corporation
and the Bank of England
Executive Summary
The financial crisis that began in 2007 has driven
home the importance of an orderly resolution process for globally active,
systemically important, financial institutions(G-SIFIs). Given that
challenge, the authorities in the United States (U.S.)and the United Kingdom
(U.K.) have been working together to develop resolution strategies that could
be applied to their largest financial institutions. These strategies have been designed to enable large and complex
cross-border firms to be resolved without threatening financial stability and
without putting public funds at risk. This work has taken place in
connection with the implementation of the G20 Financial Stability Board’s Key
Attributes of Effective Resolution Regimes for Financial Institutions. The
joint planning has been productive and effective. It has enhanced the
resolution planning process in both jurisdictions, tackle key issues in to
cross-border coordination, and identified potential challenges that will be
addressed through further work.
NOW read paragraphs 11, 12, 13 & 14. http://www.fdic.gov/about/srac/2012/gsifi.pdf ***************** "Buckets" and it references the definition of G-SIFIs and G-SIBs... http://www.financialstabilityboard.o...r_121031ac.pdf |
2 comments:
YOU SIMPLETON! Under the BASEL ACCORDS there is no need for the Bankrupt FDIC to guarantee any persons account! If theuy use the term FDIC then you are not dealing with a BASEL III Bank but rather the old FEDERAL RESERVE.
The FDIC is CABAL and went Bankrupt in 2006!
When exchanging currency talk to the Private Banker/Wealth Manager about the SAFETY of money with regard to insurance and value. It seems that money in a brokerage account will be insured for more than a banking checking/savings account with the FDIC and there should be more ways in a brokerage account to maintain the value of the currency.
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