Results tagged “Regulation” from Dealbreaker
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Is Wall Street Comprised Of A Bunch Of Crackwhores Who Can't Help Themselves, Crying Out For Help? John Mack Says Yes
Nov 19, 2009, 10:34am
Posted by Bess Levin
John Mack said last night at panel discussion hosted by Bloomberg News and Vanity Fair that as an (outgoing) chief executive of a major bank, he welcomes, nay, begs for increased regulation by the Fed. He illustrated this need with...
BIS Aims To Create Financial Product Pharmacist
Jun 29, 2009, 10:46am
Posted by Greg Michaels
The Bank for International Settlements has radioed in with its doomed-to-fail regulatory proposal for financial products. Following in the footsteps of an industry that has done a stellar job limiting access to potentially harmful and addictive products, the BIS wants...
Mean Reversion Banking
Jun 25, 2009, 11:20am
Posted by Greg Michaels
Based on the recent trend of slipping systemically critical labels under the front doors of financial institutions as easily as take out menus, the US is setting the stage for the era of average banking. The regulatory overlords seem hell-bent...
Rating Agencies Emerge Victorious From Regulatory Overhaul
Jun 18, 2009, 10:12am
Posted by Greg Michaels
While there are many sectors of the financial services industry that likely feel they were on the losing end of yesterday's 80+ page regulatory reform proposal, there was one true winner- the rating agencies. In fact, the proposal has arguably...
The Administration's Arbitrary ABS Regulatory Proposal
Jun 17, 2009, 5:33pm
Posted by Greg Michaels
Within the thick blanket of new regulatory proposals unveiled today was a plan that would require firms securitizing loans to retain 5% of the credit risk and prohibit hedges for that risk which would "undermine the economic tie between the...
Congress Wants To Be A Thorn In The Side Of The Fed- Permanently
Jun 05, 2009, 3:53pm
Posted by Greg Michaels
If Ben Bernanke thought he could keep the Fed (semi)-independent of the rest of Washington, he may get a rude awakening soon. Congress is looking to provide the GAO with the authority to audit all of the Fed's activities. The...
Derivatives World About To Get Rude Awakening From CFTC
Jun 04, 2009, 4:23pm
Posted by Greg Michaels
The word is out on the Obama administration's plan for derivative regulation. CFTC Chairman Gary Gensler outlined the plan before the Senate Committee on Agriculture, Nutrition, and Forestry today. Derivative dealers can look forward to new rules surrounding, "capital requirements,...
The SEC Is Back, And This Time They're Serious
Jun 04, 2009, 11:49am
Posted by Greg Michaels
The SEC, fresh off an impressively long stretch of missing virtually everything they were supposed to catch, is ramping up its efforts to become a remotely credible regulator. After being publicly humiliated by the widespread ineptitude of missing the Madoff...
The Not-So-Invisible Hand
Jun 01, 2009, 10:49am
Posted by Greg Michaels
Once upon a time, markets in this country functioned based on economic Darwinism. It was pretty simple: the strong survived, the weak perished and the strong were then rewarded by feasting on the remains of the economically inept. In what...
Canadian Regulators Care About How Canadians Get Their Wood
Aug 15, 2008, 10:33am
Posted by Dealbreaker
We're no fans of protectionism -- least of all, regulation coming out of the People's Republic of Canada. However, with Stephen Harper at the helm, things have gotten better for our mildly dull, if not downright slow, neighbors to the...
Treasury's Brave New World Of Financial Innovation
Mar 31, 2008, 12:53pm
Posted by John Carney
We’re going to have a lot to say about the costs of Treasury Secretary Hank Paulson’s Blueprint for a Modernized Financial Regulatory Structure. Before that, however, it’s worth noting that there is little to admire about our current financial regulatory...
