MNCs face a myriad of challenges, foremost among them staying competitive amid continued volatility, increasing regulation and global interconnectedness.
There are many unknowns but the potential for dramatic change in trade, taxes and the US economy is “yuge.”
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In releasing its latest proposals on capital requirements, bankers might consider it the Tarullo Fed vs. the Bernanke Fed.
Ben Bernanke makes the monetary decisions but arguably the more impactful ones on regulations are being meted out by Daniel Tarullo. And bankers are seeing the fruits of his rule: much to the chagrin of US banks both big and small the Fed on Thursday released its notice of proposed rulemaking (NPR) on capital. And as the Wall Street Journal put it, it’s one size fits all.
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