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At last! We are just about the last country to comply with the new banking rules concerning how much cash reserves that banks must retain in case of bank runs and financial problems. Some of you may know the implications of this.
https://www.treasury.gov/press-center/press-releases/Pages/sm0232.aspx
12/7/2017
Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the completion of Basel III Capital Standards:
"The consensus agreed to by the Group of Governors and Heads of Supervision (GHOS) completes nearly seven years of work on the Basel III bank capital standards. The reforms standardize the approach, improve the quality and consistency of bank capital requirements, and will help level the playing field for U.S. firms and businesses operating internationally."
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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