The world needs deposit insurance

Article Abstract:

The virtual Bretton Woods Conference should consider creating a World Deposit Insurance Corp (WDIC) to regulate the banks and economies of the world. Membership in the WDIC would be voluntary and it would have its own standards and examiners. It would have a fund and would act as a receiver of any member bank in case of failure. It would have the power to cancel a bank's insurance if a government failed to close an insolvent bank. The biggest advantage to having a WDIC is the existence of a fund that would be available to absorb losses.

Banking Institutions, Depository Credit Intermediation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Insurance NEC, Other Direct Insurance (except Life, Health, and Medical) Carriers, Banking Regulation NEC, Banks (Finance), Insurance, Banking law, Deposit insurance

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Save the whales, support tradable hunting permits

Article Abstract:

The International Whaling Commission is proposing a catch limit as a means to allow commercial whaling, but that option would not give a voice to environmental or tourist groups. Alloting the hunting permits to countries and allowing them to auction the permits would be more conducive to sharing whales as a common resource.

International, Hunting, trapping, game propagation, Whales, Hunting and Trapping, Editorial, Laws, regulations and rules, Whaling, International Whaling Commission

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China exposure offers advantages for Hong Kong banks; firms are in position to capitalize over rivals once WTO concessions are implemented

Article Abstract:

This article discusses how a Sino-U.S. deal will give advantages to Hong Kong banks by enabling China to join the World Trade Organization. The agreement will eliminate restrictions on taking deposits and lending in local currency. It will also allow foreign banks to set up branches throughout China.

China, Commercial Banks, Commercial Banking, International trade, World Trade Organization

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