In case you are exploring personal banking options and offshore checking account jurisdictions you need to take a look at Singapore. The Fed could still reverse course, invoke the CCyB and apply it to this yr’s spherical of stress testing. This is able to maintain banks from distributing that excess capital. Yet, financial turmoil is already upon us. Such measures will assist, however will probably be too little, too late. The Fed may, after all once again, pump bailout cash into banks, hoping it will circulate by means of to the real economic system. This was the approach we used in 2008. The Reserve Bank of India (RBI), in its…