Basically, this is going to kill smaller banks who can't handle reporting but the large banks will have no problem.
Basically, this is going to kill smaller banks who can't handle reporting but the large banks will have no problem.
And the larger banks will get government subsidies for compliance.
And the larger banks will get government subsidies for compliance.
And if they get fined, the taxpayer will cover the cost of the fine. See JPMC
And if they get fined, the taxpayer will cover the cost of the fine. See JPMC
Surprise.
Surprise.
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