Lauren Oppenheimer and Jim Kessler – Third Way: “Four years after its passage, Dodd-Frank remains one of the most important yet least understood laws passed in recent decades. It was designed to reduce the frequency and severity of future financial crises. It sought to overhaul the regulatory structure of Wall Street and the banking industry—from the issuing… Continue Reading
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Search Results for: financial system
A Financial System Perspective on Central Clearing of Derivatives
Speech – Governor Jerome H. Powell At the “The New International Financial System: Analyzing the Cumulative Impact of Regulatory Reform”, 17th Annual International Banking Conference, Chicago, Illinois. November 6, 2014. “Prior to the crisis, the then highly opaque market for OTC derivatives grew at an astonishing and unsustainable pace of nearly 25 percent per annum in a… Continue Reading
High level hacking of US financial system linked to Russia as FBI investigates
Bloomberg: “Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe. The attack resulted in the loss of gigabytes of sensitive data,… Continue Reading
Leverage, Systemic Risk and Financial System Health
Leverage, Systemic Risk and Financial System Health: How Do We Develop a Healthy Financial System? by Angela Turcott. Washington University in Saint Louis – John M. Olin Business School, December 24, 2013. “This paper briefly discusses the causes of the 2007-09 financial crisis and the extent to which the systemic risk that buffeted this crisis was linked to… Continue Reading
Creating a Safer Financial System: Will the Volcker, Vickers, and Liikanen Structural Measures Help?
Creating a Safer Financial System: Will the Volcker, Vickers, and Liikanen Structural Measures Help? Vinãls, José; Pazarbasioglu, Ceyla; Surti,Ja; Narain,Aditya; Erbenova,Michaela; Chow, Julian. May 14, 2013 “The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and… Continue Reading
Chairman Bernake Speech – Monitoring the Financial System
Chairman Ben S. Bernanke At the 49th Annual Conference on Bank Structure and Competition sponsored by the Federal Reserve Bank of Chicago, Chicago, Illinois – May 10, 2013 – Monitoring the Financial System “The step-up in our monitoring is motivated importantly by a shift in financial regulation and supervision toward a more macroprudential, or systemic,… Continue Reading
France: Financial System Stability Assessment
IMF – France: Financial System Stability Assessment, December 7, 2012 “Frances financial system has shown resilience to severe market pressures but faces challenges. While its structure has contributed to solid profit generation, the crisis exposed the risks posed by the banks size, complexity, and dependence on wholesale funding. The larger banks have been actively restructuring… Continue Reading
Dealing with financial systemic risk: the contribution of macroprudential policies
Dealing with financial systemic risk: the contribution of macroprudential policies. Panel remarks by Jaime Caruana, General Manager of the Bank for International Settlements, Central Bank of Turkey/G20 Conference on “Financial systemic risk”, Istanbul, 27-28 September 2012. “There are important two-way interactions between macroprudential policy and other areas of public policy. These interactions put a premium… Continue Reading
IMF: Spain – Financial System Stability Assessment
Spain – Financial System Stability Assessment, June 2012 [This paper was prepared based on the information available at the time it was completed on May 30, 2012. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Spain or the Executive Board… Continue Reading
BIS – The policy implications of transmission channels between the financial system and the real economy
The policy implications of transmission channels between the financial system and the real economy, BCBS Working Papers No 20, May 2012: “…analyses the link between the real economy and the financial sector, and channels through which the financial system may transmit instability to the real economy.” Continue Reading
UK – Promoting a prudent and stable financial system
Speech by Andrew Bailey, Director of UK Banks & Building Societies, at the Future of Retail Banking Conference, London, November 24, 2011 “…I am going to speak this morning in the style of a game of two unequal halves. In the first half I am going to talk about the pressures on the industry, and… Continue Reading
IMF – Peoples Republic of China: Financial System Stability Assessment
Peoples Republic of China: Financial System Stability Assessment, Prepared by the Monetary and Capital Markets and Asia and Pacific Departments, Approved by José Viñals and Anoop Singh, released on November 14, 2011 “This report is based on the IMF/World Bank Financial Sector Assessment Program (FSAP) exercise for China undertaken during JuneDecember 2010. The assessment concluded… Continue Reading
