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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: WONG who wrote (2631)	1/7/1999 12:16:00 PM
From: Tom	Read Replies (2) \| Respond to of 2951

My favorite ratings agent, Moody's, overstepping their bounds yet again to speculate on the German banking industry. Not that I'm in love with the international banking community (humph), only that I really do not care for Moody's. (I've seen where Commerzbank appears to be the best of the bunch.) On the same topic, our ever so suspect U.S. Congress is moving fast as they are able (lobbyist money, you know) to push "open banking" legislation into law prior to Spring recess. Not that it's an altogether poor concept, many in Europe have had good success with the concept they term bankassurance. But industry watchdogs say the regulatory structure is scatter-brained at best. An S&L-type debacle in the making? Perhaps.