|
January 09, 2013
The Financial Industry Regulatory Authority (FINRA) marked 2012 with significant accomplishments in detecting fraudulent activity, implementing cross-market surveillance, increased transparency of securities markets and fulfilling its regulatory mandate to protect investors, assessing $68 million in fines, ordering a record $34 million in restitution to harmed customers and taking measures to ensure market integrity. |
|
January 02, 2013
The Basel Committee on Banking Supervision last week issued frequently asked questions (FAQs) on Basel III's counterparty credit risk rules and the interim framework for bank exposures to central counterparties (CCPs). |
|
June 12, 2012
The Securities and Exchange Commission yesterday issued a policy statement describing the order in which it expects new rules regulating the derivatives market would take effect. The statement covers final rules to be adopted by the SEC under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. |
|
November 10, 2011
The Securities and Exchange Commission today announced approval of new rules of the three major U.S. listing markets that toughen the standards that companies going public through a reverse merger must meet to become listed on those exchanges. Currently, reverse merger companies like other operating companies can pay to be listed on an exchange, where investors can purchase and sell shares of the company. In some cases, regulators and auditors have greater difficulty obtaining reliable information from reverse merger companies, particularly those based overseas. Reverse mergers permit private companies, including those located outside the U.S., to access U.S. investors and markets by merging with an existing public shell company.
|
|
July 26, 2010
Further to its statements issued on 18 June, 7 July and 19 July 2010, CEBS today releases its summary report on the results of the EU-wide stress test exercise. CEBS was mandated by the ECOFIN to conduct, in cooperation with the European Central Bank (ECB), the European Commission and the EU national supervisory authorities, a second EU-wide stress testing exercise. The overall objective of the 2010 exercise is to provide policy information for assessing the resilience of the EU banking system to possible adverse economic developments and to asses the ability of banks in the exercise to absorb possible shocks on credit and market risks, including sovereign risks.
|
|
March 05, 2010
The following is written testimony of Assistant Secretary of the Treasury, Allison, before the Congressional Oversight Panel.
|
|
October 06, 2009
Consumer credit cards and many other forms of consumer finance are not negotiated in fair and free markets because they aren't negotiated at all. Consumers have a take it or leave it choice and since most consumer don't understand the terms of their contract the choice of take it or leave it isn't even a real choice. Economists and regulators shouldn't pretend that the invisible hand of market discipline will fix anything.
|
|
September 08, 2009
Rating agencies have long argued that they have no legal obligation to produce accurate ratings. The basis for this argument is that ratings are "free speech" and the rating agencies have the right to say anything they want, even if what they say is wrong. This defense, to the consternation of generations of investors, has been bullet proof until this week.
|
|
September 02, 2009
Nostalgia fans were not the only ones to comment on our August 28, 2009 post about one of the world's largest banks summarizing its interest rate risk as the dollar change in one year's net income. A bank regulator and an alumnus of JPMorgan responded with their own thoughts in reaction to the use of "Saturday Night Fever disco era risk technology" like the savings and loan industry standard of 1977. This article relays their comments.
|
|
December 22, 2008
Navigant Consulting released a report showing an unprecedented escalation in the number of subprime-related filings - as worsening economic conditions promise to drive the litigation volume ever higher.
|
Forgot your password?
New user?
- RECOMMENDED READING
-
Escalating RiskVisibility - The Professional Risk Management View of the Role of the CRO
What Is “Economic Capital?” - A Quick Guide to the Differences between Economic Capital and Regulatory Capital
Risk Measurement - Slicing the Curve, Applying Basic Interval Sampling in Closed-Form Valuation and Credit Exposure Measurement
Economic Risk - Using Yield-Curve Data to Forecast Recessions, the War Against False Positives
Robust Rate Feeds in the Real World - How to Get Clean Price Data into Risk Simulations and Survive Basel and Sarbox
Yield Curve Shifts and Twists - Introducing Probability in Interest-Rate Risk Simulations
Using Rate Ratios to Reduce Kurtosis and Skew in Interest-Rate Spread Modeling
Risk Reporting - Creating Incentives for Proper Data and Risk Reporting and Disclosure
Credit Risk - Modeling Potential Future Exposure (PFE), Basic Principles and Detailed Examples
Risk Manager's Toolkit - Sure-Fire Spreadsheet Tips and Tricks for the Practicing Risk Manager
The Power of Simplicity - On the Fly Value at Risk (VaR) Calculations
Mortgages 101 - Using Option-Adjusted-Spread Analysis to Extract Prepayment Option Costs from Mortgage Yields
Risk-Based Performance Measurement - Creating New Maximum Net Risk and Break-Even Horizon Metrics for 32 US Bank Stocks
Enterprise Risk - Fighting Risk Measurement Myopia, Creating a Risk Inventory and Gap Analysis, and Dealing with Obstacles to Enterprise-Wide Risk Management
Risk Measurement - Instant Tail Risk, Deriving Conditional VaR from Standard VaR Using Single-Factor Transformation
Risk Measurement - Demand Deposit Valuation and Duration Measurement Using a Basic Correlated-Simulation Model