Et, the New Alien Scaring Global Markets

Article
Jones, Huw. ET, the new alien scaring planetary markets. Reuters 6 Feb. 2012: 2. Reuters. Web.
6 Feb. 2012. .

Summary
The coupled States response to the 2007-2009 financial crises according to ET, the new alien scaring global markets, is to create stricter financial rules and regulations in order to curtail another(prenominal) global financial collapse. The article predicts that there bequeath be a veritable arms race of tough sort out to be viewed as the safest capital market. Unfortunately, the price for this reform will likely be the alienation of foreign markets. The US is be viewed as a rogue nation in toll of its severity of reform. The most restrictive of the new rules is the Volcker rule, named after the source Chairman of the Federal Reserve Paul Volcker, which was introduced in former(a) 2008. The rule, which is a specific rule within the Dodd-Frank Wall path Reform and Consumer Protection Act, places trading labors on financial institutions; a prime example of the rule in practice is the restriction of banks from being allowed to enter into both an advisory role and creditor role. The rationality being to avoid any conflicts of interest.
Analysts are seeing the high-pressure new market rules as being harmful not only to U.S firms, but also global banks and international markets.



many another(prenominal) international markets including the EU, Japan and Canada believe that unless non-US companies are exempt for the Volcker swayer it will crimp trading of their own goernment bonds. Arguments over the Volcker rule are not only being utter internationally, but they are being voiced domestically as well. US banks fear that the Volcker rule puts them at a single out in their operations in foreign countries. By lawfulness they would have to adhere to the rule while other banks and companies in the area would be free from it. In effect creating an unbalanced field skewed toward the less regulated organizations.
To clarify, ET, the abbreviation from the statute title of the...If you want to get a full essay, order it on our website: Orderessay



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