Commentary

Thursday, September 15, 2011

European Central Bank Introduces New Data Sets

Author: David Schwartz J.D. CPA
Market events over the past several years have made it quite clear that meaningful and transparent financial data are vital to effective monitoring of market participants as well as understanding the scale of the shadow banking activities and their interconnectedness with the traditional banking system. In a June address in Frankfort, Jürgen Stark, a member of the Executive Board of the European Central Bank (ECB), announced new statistical data sets intended to improve the existing...
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Categories: All, Disclosure Regimes, Formal Regulatory Remedies, Procedural Changes

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Monday, September 5, 2011

FSB Identifies Five Areas for Detailed Study

Author: David Schwartz J.D. CPA

The Financial Stability Board announced on September 1 the formation of dedicated work streams to help gauge the case for further regulatory action in five areas associated with shadow banking, notably including securities lending and repos. 

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Categories: All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes

Tags: Reconsideration

Friday, July 1, 2011

Reinventing the Banking Social Contract

Author: David Schwartz J.D. CPA
Paul Tucker, Deputy Governor for Financial Stability at the Bank of England, explained his thoughts on redrawing the social contract between banking and society in light of the contract’s failure leading up to and during the financial crisis. According to Mr. Tucker, the traditional framework of the social contract was ill prepared to handle the realities of shadow banking and financial innovation, and hasty reregulation without first reexamining the social contract would be...
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Categories: All, Change Overview and Rationale, Procedural Changes

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Wednesday, April 20, 2011

FSB Red-flags Securities Lending by ETFs

Author: David Schwartz J.D. CPA
In a report issued April 12, 2011, the Financial Stability Board (FSB) highlighted a number of practices engaged in by exchange-traded funds that may be sources of risk to financial stability.  Calling for greater disclosure and transparency, securities lending was among the practices red-flagged by the FSB. 
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Thursday, March 11, 2010

Better Hedge Fund Data can Help To Inform Legislative Actions

Author: David Schwartz J.D. CPA
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Categories: All, Disclosure Regimes, Procedural Changes

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Journal Commentaries

 

Keep Regulation Functional (October 2008)

CSFME’s Executive Director Ed Blount interviews SEC Chairman Chris Cox.
American Banking Association Banking Journal
https://www.questia.com/library/journal/1G1-187494664/keep-functional-regulation-how-financial-regulation

 

The Bear Market Posse, or Counterparty Risk Management during the Recent Turmoil (Sept.  2008)

by Ed Blount
The RMA Journal, v91n1, 28-32, 5 pages Sep 2008.

 

Searching for New Paradigms at BIS (July 2008)

by Ed Blount
Unexpected deficiencies in bank capital after recent market turmoil has regulators rethinking aspects of Basel II and “value at risk.”  
American Banking Association Banking Journal  
https://www.questia.com/library/journal/1G1-181991450/searching-for-new-paradigms-at-bis-market-turmoil

 

Will Basel II Affect The Competitive Landscape? (September 2003)

By Ed Blount
Newly elected Basel Committee Chairman Caruana, Governor of the Bank of Spain, gives his views on the revised Basel capital accord, relative to its potential effects on competition and risk management in banking markets.
American Banking Association Banking Journal
https://www.questia.com/read/1G1-108008773/will-basel-ii-affect-the-competitive-landscape-the​