They also worry that powerful financial markets may be the main cause of crises such as those in Mexico in 1994-95 and in Southeast Asia in 1997. You will probably not be surprised to hear that I do not share these negative views.
This legislation will be effected through amendments to the FSR Act. A key component of the resolution framework is the establishment of an explicit deposit insurance scheme for banks in order to protect depositors from losses in the event of a bank failure.