All that being said, with the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate. BIS Review 126/2008  3  Should the Congress choose to undertake fiscal action, certain design principles may be helpful.
At the same time, ring-fencing has a direct impact on cross-border banking and the free flow of funds in the Banking Union.