It will take some more time before we start seeing persistent and steady pickups in prices and wages as a result of an increase in demand for goods and services, and of a rise in employment.
Even though the objective is a level playing field internationally, the practical problem that differing supervisory regimes and procedures may distort international competitive positions remains. Frankly, the U.S. authorities hear arguments that some foreign supervisors have neither the resources nor the experience to apply the rules as rigorously as they anticipate will be the case in the United States.