13 In considering the difficulties caused by the relative unavailability of macroprudential tools in the United States, we need to recognize that there may well be an interaction between the extent to which the entire financial system can be strengthened and made more robust through structural measures – such as those imposed on the banking system since the Dodd-Frank Act – and the extent to which a country needs to rely more on macroprudential measures.
Since IFCs are about clusters of financial services, the TTIFC would seem to be the natural home for the regional stock exchange. And as the SEC will explain in greater detail, there are proposals for increasing the range of offerings, through the introduction of depository receipts.