by David Schwartz J.D. CPA | Feb 25, 2010 | All, Disclosure Regimes, Procedural Changes
Dr. Franz-Christoph Zeitler, vice president of the Deutsche Bundsbank, speaking in Frankfurt on September 24, 2009, noted the failures of backward-looking quantitative risk measurement methods, such as value-at-risk or expected- shortfall models, which “have proved...
by David Schwartz J.D. CPA | Feb 25, 2010 | All, Disclosure Regimes, Procedural Changes
Through their open market operations, the trading desks at central banks gain first-hand knowledge of evolving stresses in the inter-dealer funding markets – information which can help to monitor systemic risks. Bank for International Settlements: A first open...
by David Schwartz J.D. CPA | Feb 24, 2010 | All, Disclosure Regimes, Formal Regulatory Remedies
In a recent speech by Norwegian central banker Svein Gjedrem, the case for broader involvement by smaller banks is laid out. Instead of the G20, Mr. Gjedrem argues that the 180-member International Monetary Fund should serve as the main decision- making body for the...
by David Schwartz J.D. CPA | Jan 27, 2010 | All, Disclosure Regimes, Formal Regulatory Remedies
As recently as 4Q09, the European Central Bank was dealing with challenges in the funding markets, noting that, “Funding liquidity problems continue to bring pressure on the major banks’ operations. While the conditions have improved substantially in most funding...
by David Schwartz J.D. CPA | Dec 27, 2009 | All, Change Overview and Rationale, Disclosure Regimes
Prior to the Crisis, it was thought that diversification of counterparty networks would work to reduce systemic risk in the financial system. European Central Bank: The element that had been more unexpected in the current crisis is the rigour with which systemic risk...
