he Impact of Today's Technology on Banking

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Written by:

Richard V


Date added:

April 2, 2012








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22 / 5989


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Today, of course, the global financial situation is much more stable and the outlook is very favorable. In the United States, we continue to enjoy the longest economic expansion in our nation’s history, and, following passage of financial modernization legislation, banks and other financial institutions now enjoy unprecedented strategic opportunities...
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As a result, economies are growing again, equity markets have rebounded, and foreign capital has begun to return. What a difference two years of hard work can make. When I last addressed this conference in October of 1998, I said that bank supervisors have a special role in maintaining financial stability, and that our special role has two components: facilitating the resolution of problems when they occur, and taking the necessary steps to lower the risk of problems occurring...
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