I used to work in the loan business area at the London headquarters of a major global bank.
Last week, he repeated his call for global banks to list their subsidiaries on the local stock market.
Other global banks have established highly successful back office operations in Sydney.
A global central bank could provide more money to the world economy when it is rapidly losing steam.
There are two ways a global central bank could be financed.
A crucial political question is, To whom would a global central bank be accountable?
Another issue is the relationship between a global bank and the Fed.
Several global banks and rating agencies have opened offices there recently.
Well, then, how about setting up a global central bank?
Instead, they are turning to Wall Street firms and global commercial banks.