"People are going to have to accept that some big American financial institutions will need more capital to be competitive."
I think that national institutions need to have roots outside London.
First, the institution needs more floor space and begins to build in the grounds.
Then there are those who say major institutions need public funds just as badly.
So financial institutions need to do a lot more to increase protections.
I note, however, that our institutions will need to continue working on a number of issues in order to reach a compromise.
At the same time the institution needs to have less complex legal requirements.
So all three institutions need to address this whole problem of fishing.
I believe that Europe's institutions need to be effective and efficient.
I believe that the European institutions need to be made safer.