Fair Trade in Financial Services Hearing Before the Subcommittee On Internatio
Fair Trade in Financial Services Hearing Before the Subcommittee On Internatio
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To quickly assess the difficulty of the text, read a short excerpt:
Mr. PozEN. The question is: If we deny or condition some coun- try's licenses, will that hurt us more than it helps us?
I think the answer is that in the United States, we have lots of firms competing. If some firm from Korea, for example, were denied a license, I don't think this would have any material effect on our financial markets.
I agree with what Congressman Schumer said about the Tokyo Stock Exchange in the 1986-1987 period. Then the mere threat of having a study about whether the Japa...nese firms should remain primary dealers was enough to open up the Tokyo Stock Exchange very quickly.
Chairman Frank. And it has never worked well since. They have been having some bad times. But it is not our fault.
I appreciate that. This was useful to us. We will be in touch with you as well as a range of other people as we deal with this.
[Whereupon, at 4:15 p. M. , the hearing was adjourned. ] 23 APPENDIX November 9, 1993 24 [1^/3 Oaam '^ L)UaMa/) OPENING STATEMENT OF THE HONORABLE DOUG BEREUTER AT THE HEARING ON FAIR TRADE IN FINANCIAL SERVICES, SUBCOMMITTEE ON INTERNATIONAL DEVELOPMENT, FINANCE, TRADE AND MONETARY POLICY, NOVEMBER 11, 1993.
What to read after Fair Trade in Financial Services Hearing Before the Subcommittee On Internatio?
You can find similar books in the "Read Also" column, or choose other free books by Finance United States Congress House Committee On Banki to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Mr. PozEN. The question is: If we deny or condition some coun- try's licenses, will that hurt us more than it helps us?
I think the answer is that in the United States, we have lots of firms competing. If some firm from Korea, for example, were denied a license, I don't think this would have any material effect on our financial markets.
I agree with what Congressman Schumer said about the Tokyo Stock Exchange in the 1986-1987 period. Then the mere threat of having a study about whether the Japa...nese firms should remain primary dealers was enough to open up the Tokyo Stock Exchange very quickly.
Chairman Frank. And it has never worked well since. They have been having some bad times. But it is not our fault.
I appreciate that. This was useful to us. We will be in touch with you as well as a range of other people as we deal with this.
[Whereupon, at 4:15 p. M. , the hearing was adjourned. ] 23 APPENDIX November 9, 1993 24 [1^/3 Oaam '^ L)UaMa/) OPENING STATEMENT OF THE HONORABLE DOUG BEREUTER AT THE HEARING ON FAIR TRADE IN FINANCIAL SERVICES, SUBCOMMITTEE ON INTERNATIONAL DEVELOPMENT, FINANCE, TRADE AND MONETARY POLICY, NOVEMBER 11, 1993.
What to read after Fair Trade in Financial Services Hearing Before the Subcommittee On Internatio?
You can find similar books in the "Read Also" column, or choose other free books by Finance United States Congress House Committee On Banki to read onlineMoreLess
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