Restrictions on Funding The Board proposed to eliminate a series of firewalls that constitute a blanket prohibition on a bank’s funding its section 20 affiliate, and to rely instead on the protections of sections 23A and 23B of the Federal Reserve Act.
There are of course some states in the wider region of Africa which, it is alleged, often confuse Swiss banking accounts with their own central bank reserves. But broadly speaking, in this bleakest of times, Africa has come out rather well.