Single federal financial regulator more beneficial than existing regional model
As a general principle, accurate and complete information leads to liquidity and in turn decreases the costs of capital. Capital markets strive to be informationally efficient. A unified approach will almost passively see to it that information is streamlined into the market and delivered to the consumers
FRANKFURT—As I was on my way to a meeting a few months ago, I realized that I forgot the key needed to access the building where the meeting was taking place. I then reprimanded myself and thought how much easier it would be to keep all my keys on one keychain. Evidently, it is always a good rule ...
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