Archive for the ‘Markets and Regulation’ Category
Wednesday, July 16th, 2008
The Credit Crisis seems to be approaching its nadir, although it is clear that we will lose several more banks, perhaps many of the smaller “me too” banks, before this experience is over. We seem to be moving into a phase that happens in every crisis from war to basketball. ...
Posted in leadership, Markets and Regulation, Federal Housing Agencies, When Regulation Goes Wrong | No Comments »
Wednesday, June 25th, 2008
God, but I’m good. Know how to tell? Just read the title of the May 24th post. OK, I’ll cite it myself – “The Rating Agencies: Are They Doomed?” Now we learn that the SEC is giving serious thought to cutting off the agencies’ government-mandated monopoly status. (WSJ, June 24, ...
Posted in Rating Agencies, Markets and Regulation | No Comments »
Monday, April 21st, 2008
We learned this week that the board of London bank branch officers that submit LIBOR (London Interbank Offered Rate) rates, the version of Eurodollar rates used in most contracts involving bank wholesale deposit rates, to Reuters and ultimately to the rest of the world, have been shading the rate low. ...
Posted in The Banking Crisis, Markets and Regulation, Polticial Decisions Affecting Banking | No Comments »
Sunday, April 6th, 2008
Secretary of the Treasury Hank Paulson, speaking on March 26th, began to reveal the details of coming regulatory reform. Two factors stand out. First, the regulatory apparatus will be made simpler, probably involving the Federal Reserve swallowing The Comptroller of the Currency and The FDIC and perhaps assuming some of ...
Posted in Markets and Regulation, Bank Management, Polticial Decisions Affecting Banking | No Comments »