Unintended risks are neither priced correctly nor adequately reserved or capitalized. Reductions in credit availability limit economic growth. As the scale and scope of banking has increased and as banking systems have become more concentrated, the effects of mistakes from excessive risk-taking and reductions in credit availability on national and world financial markets and economies has simply become too large to tolerate.
4  Between 1972 and 1977, the number of foreign banking institutions in the United States roughly doubled, while the total assets of those institutions roughly tripled in absolute terms and doubled as a proportion of all banking assets in the United States, reaching nearly 13 percent.