requirement

"We will now commence the process of satisfying all outstanding requirements for Purdue to emerge from bankruptcy so that resources from the settlements can flow to communities across America as quickly as possible," he said.

The financial reforms in the early 2000s fundamentally changed vendor financing practices, with enhanced disclosure requirements and more rigorous accounting standards.

Altogether, their changes could lead to lower capital requirements for some banks, Moody’s noted.

They need to go through the same regulatory requirements for all loans.

They say companies such as Ripple want to compete for banks’ customers without shouldering the same regulatory oversight, such as stringent capital requirements.