Number of fines imposed on banks has remained constant for a decade , but fines ' value has grown faster than inflation . Silva asks : Are U.S. regulators using financial penalties as a method of indirect regulations ? And does it work ? American regulators have unique views on how to run banking and have tried to influence global regulations . Iran wants Americans to assume Iranians are guilty until proven innocent And fining them a lesser amount for the same infraction would not go down well with HSBC or UBS who would most certainly send a thousand lawyers to Washington to ask why they were discriminated against . , rest of the world wants the opposite , Silva writes .
Number of fines imposed on banks has remained constant for a decade , but fines ' value has grown faster than inflation . Silva asks : Are U.S. regulators using financial penalties as a method of indirect regulations ? And does it work ? American regulators have unique views on how to run banking and have tried to influence global regulations . Iran wants Americans to assume Iranians are guilty until proven innocent , rest of the world wants the opposite , Silva writes .