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Banking and Finance Law

Basel Committee on Banking Supervision

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Basel's Gone Cold On Cocos, But Is This A Blessing In Disguise For Banks?, Hilary Allen Sep 2011

Basel's Gone Cold On Cocos, But Is This A Blessing In Disguise For Banks?, Hilary Allen

Articles in Law Reviews & Other Academic Journals

The last few months have seen a dramatic fall in the value of bank stocks both in Europe and the U.S., bringingback unpleasant memories of the depths of the financial crisis in 2008. Concerns about the sovereign debt crisisin Europe, continuing litigation relating to the American subprime mortgage crisis, and the generally poor stateof the world economy have increasingly put banks under pressure. However, some commentators have pointedout the “silver lining” in all of this: the big American and European banks are better capitalized than they wereduring the financial crisis, and therefore are better able to absorb these shocks and …


Wal-Mart Bank In Mexico: Money To The Masses And The Home-Host Hole, Anna Gelpern May 2007

Wal-Mart Bank In Mexico: Money To The Masses And The Home-Host Hole, Anna Gelpern

Articles in Law Reviews & Other Academic Journals

In November 2006 Wal-Mart's Mexican subsidiary received approval to open a bank. The application faced little opposition in Mexico, unlike the company's failed effort to start a bank in the United States. This was partly because in Mexico, Wal-Mart's entry was generally regarded as increasing competition in a historically concentrated banking sector. With over three-quarters of all Mexicans unbanked, the authorities also looked to Wal-Mart to reach the underserved. Along with the promise, Wal-Mart's entry presents a transnational regulatory dilemma with implications beyond Wal-Mart and Mexico. Because it is Wal-Mart's only banking venture, the new institution will have its Mexican …