For the same reason, he argues, the risk inherent in commercial banks' proprietary trading activities is not warranted and should not be backstopped by the safety net provided to ensure deposit-taking institutions' core activities.
Incorporating physical security with electronic security, each flash drive from various manufacturers is duplicated several times and, together with a CD-ROM, those items are vaulted in a bank safety deposit box in three different legal jurisdictions.
First, government has set up basic rules of the marketplace--from the enforcement of contracts and managing the money supply to maintaining airline safety standards and creating federal deposit insurance.