Spain also announced a 60 billion euro capital shortfall across its national banking system, but the macroeconomic assumptions used in that test are likely too optimistic as well. (businessinsider.com)
By contrast, Augustin Farrugia, Apple's director of security and its key witness, had previously designed the national banking system for Singapore. (fortune.com)
He might have noted, however, that the National Banking system was a system legislatively hobbled by branching and note - issue restrictions rather than a free banking system or a system «run on purely private enterprise lines.» (alt-m.org)