The Federal Reserve is consulting with the FDIC on a proposal that would require the largest, most complex U.S. banking firms to maintain a minimum amount of long-term unsecured debt outstanding at the holding company level.
• And in Latin America contagion effects manifested themselves in the wake of the uncertainty in the financial markets. Fortunately, the financial markets are showing renewed confidence and are tending more to reward the marked structural advances made in a number of countries. Nevertheless, these regional crises have clearly left their mark on the global economic growth process.