Thursday, September 15, 2011

UK Independent Commission on Banking Issues Recommendations

Author: David Schwartz
The UK Independent Commission on Banking's much anticipated report examining options for the reform of the country’s banking industry was released on September 12.  The report proposes several changes to the structure of the UK banking system that potentially may simplify identification and remediation of failing financial institutions and reduce the probability and effect of bank failures, including the novel idea of "ring-fencing" of retail and wholesale/investment banking activities within universal banks to insulate UK retail banking services from investment banking risk. 


 
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Friday, September 2, 2011

BOE’s Paul Fisher Examines Tail Risks and Contract Design

Author: David Schwartz
In a September 1, 2011 speech at Clare College in Cambridge, Paul Fisher, Executive Director for Markets of the Bank of England, outlined his thoughts on ways risk taking is executed and how contracts between parties assuming these risks can have profound effects on systematic stability beyond the normal consideration of formal regulations.  In balancing public policy objectives of appropriate investor protection and systemic stability, it is important that that regulators and market participants critically evaluate their exposures, and take into account stress correlations with an eye on capturing tail events properly.

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Tuesday, June 29, 2010

Current thinking in regulatory reform

Author: David Schwartz
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Thursday, March 11, 2010

Better Hedge Fund Data can Help To Inform Legislative Actions

Author: David Schwartz
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Saturday, February 27, 2010

Risk Management Failed at Many Levels

Author: David Schwartz
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Number of views (7600)
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