The program also outlines the creation of a Consortium Agreement to govern the mutualization
of KYC efforts among future participating banks, government bodies, financial institutions as well as other licensing authorities to subscribe to the platform.
The position paper on EDIS goes on: "Mutualization
will not create additional safety; instead, it will create incentives for banks to take risks."
The firm is no longer in a competitive approach with its competitors but integrated in a work of co-construction of a coopetitive ecosystem through a "smart specialization" with high societal and economic impact for the sustainable mutualization
of resources and benefits by avoiding unnecessary investments in similar activities within the same territory and between different partner territories.
The Dutch government, meanwhile, has been at the forefront of countries resisting the mutualization
(145) Further, the Parliament pushed forward the target date for full funding to eight years instead of ten years after the SRM's coming into force by insisting on an earlier date for the mutualization
of existing national resolution schemes.
He had also established a reputation for himself professionally through his role in a hardware mutualization
project with the Senegalese electricity company Senelec and was reputed to speak more than ten languages, including American English.
She will constrain some of French President Emmanuel Macron's more ambitious ideas, such as a eurozone budget, and will stay clear of any real move toward debt mutualization
. But she will likely push for a stronger banking union and European Monetary Fund, and perhaps even a eurozone "finance minister.
Islamic bank corporate governance and regulation: A call for mutualization
. Rice University.
These burdensome policies were nothing new; even during the Tang dynasty, policies such as landholding mutualization
were occasionally experimented with.
Last November, the shareholding banks voted in favor of the mutualization
. Policyholders followed in June, and on July 26 SBLI closed the transaction and officially became the Savings Bank Mutual Life Insurance Company of Massachusetts.