"Washington should revive international efforts begun during the Clinton administration to pressure countries with dangerously loose banking regulations to adopt and enforce stricter rules"

This quote by Kit Bond suggests that the United States government should do something about it to encourage nations with weak banking guidelines to adopt and enforce more stringent rules. This is in reference to the global efforts that were started during the Clinton administration. These efforts were targeted at enhancing the international monetary system by making sure that countries had strong banking regulations in place. By reviving these efforts, the United States would be taking a proactive position in promoting monetary stability and security all over the world. This would assist to secure the global economy from potential monetary crises and guarantee that nations are able to preserve a healthy financial system.