Saturday, April 20, 2013

Could Cypress happen here? Some new global rules and regulations


Subj: Could Cypress happen here? Some new global rules and regulations

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:

Anonymous said...

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!

Anonymous said...

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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