The national government has tried its best to help the financial sector in the United States to tide over the present financial crisis that has caught the entire banking industry totally unawares.  Barring a few players like LoanMax of rod aycox   fame that always adhered to efficient management policies, most of the banks in the United States are now facing problems.  Experts have suggested certain measures to effect major changes.  Some of the major points are

•    Deregulation of the interest rate structure
•    Progressive reduction in pre-emptive reserve liberalization of the branch expansion policy
•    Introduction of prudential norms to ensure capital adequacy
•    Proper income recognition
•    Classification of assets based on their quality
•    Provisioning against bad and doubtful debts
•    Decreasing the emphasis laid on directed credit
•    Phasing out the concessional rate of interest to the priority sector
•    Deregulation of the entry norms for private sector banks to access the capital markets
•    Permitting public and private sector banks to access the capital markets
•    Setting up an Asset Reconstruction Fund
•    Constituting the special debt recovery tribunals
•    Freedom to appoint chief executives and officers of the banks
•    Changes in the constitution of the boards

These recommendations, if implemented by the financing institutions that are in the red, major changes will certainly take place within a short period of time.  Banks that are now coming out of the crisis have actually implemented some of these proposals.