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Licensing Banks: Still Necessary?
Author(s): Padoa-Schioppa, Tomasso
Year: 2000
Pages: 32
ISBN: 1-56708-114-2
Rather than relying on the market and self-regulation, the licensing principle for banks must be restated to take account of market developments but strengthened and implemented on a global scale to reduce systemic risk and ensure equality of competitive opportunity.
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