I believe the banks have to be Basel3 (gold backed) compliant. And with what we have heard over the past year and a half, they (China, IMF etc) are protecting us from the banksters.
Makes sense to me, to have gold backed banks, before we do our currency exchange, to protect us.
So in the US of A what strengthens the risk management of the banking sector? I want to know what? What asset would regulate the banking sector and keep them healthy?
Basel 3 is worldwide banking & monetary control(monitoring all banking transactions(especially the bad guys) and this has been none for years. if people would pay attention to real banking laws instead of fear-producing Gurus with their dis-information.
KLS the answer to your question is each country will have a re-adjustment of their currency & from any asset(export, tangible assets from the earth, products(whatever they mass produce for export or is a major country product)combined. All these combined create a loan/borrowing financial system getting away from a fiat paper currency that had been used by all countries.
The end result is to reflect a country's true financial value for them to business.
So you asked the right question, but was ill-informed about the entire picture as Gold, Silver, Oil, Natural Gas, Food, Clothing etc combined with figure in on the countries gross value
That is how they will borrow/trade/loan, barter etc nation to nation doing commerce, to eliminate/create debt and pay bills .
For those who choose to still live under the illusion that America represents equality for all, it does not as exemplified in this Rolling Stone article on Whistleblower Alayne Fleischmann, who risked it all to expose the people who caused the global economic collapse.
The government simply struck a deal with the criminals and imposed fines, kept all information secret and not one criminal prosecution. They are still in their positions with full ability to do it again.
The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare - Chase whistle-blower Alayne Fleischmann risked it all.
Alayne Fleischmann, who risked it all to expose the people who caused the global economic collapse. The government simply struck a deal with the criminals and imposed fines, kept all information secret and not one criminal prosecution. They are still in their positions with full ability to do it again.
Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking
By Matt Taibbi | November 6, 2014
She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore.
"It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" ........... She was blocked at every turn: by asleep-on-the-job regulators like the Securities and Exchange Commission, by a court system that allowed Chase to use its billions to bury her evidence, and, finally, by officials like outgoing Attorney General Eric Holder, the chief architect of the crazily elaborate government policy of surrender, secrecy and cover-up.
"Every time I had a chance to talk, something always got in the way," Fleischmann says..... And now, with Holder about to leave office and his Justice Department reportedly wrapping up its final settlements, the state is effectively putting the finishing touches on what will amount to a sweeping, industrywide effort to bury the facts of a whole generation of Wall Street corruption.
"I could be sued into bankruptcy," she says. "I could lose my license to practice law. I could lose everything.
But if we don't start speaking up, then this really is all we're going to get: the biggest financial cover-up in history."