DECISION OF THE EUROPEAN SYSTEMIC RISK BOARD of 21 September 2011 on the provision and collection of information for the macro-prudential oversight of the financial system within the Union (ESRB/2011/6) Continue Reading
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Search Results for: financial system
Long-term issues in international banking: new report from the Committee on the Global Financial System
News release: “The Committee on the Global Financial System (CGFS) released Long-term issues in international banking, a report prepared by a CGFS Study Group chaired by Hans-Helmut Kotz, former Executive Board member of the Deutsche Bundesbank. The report addresses structural issues in international banking from three angles: a historical perspective, what the drivers have been,… Continue Reading
Bank funding and liquidity management: new report from the Committee on Global Financial System
Bank for International Settlements – “The Committee on the Global Financial System (CGFS) today released a report on Funding patterns and liquidity management of internationally active banks. The report was prepared by a study group that was established by the CGFS and chaired by Mário Mesquita, former Deputy Governor of the Central Bank of Brazil.… Continue Reading
OMB Memo for CFOs on the Financial Systems Integration Office
Danny Werfel, Controller, March 18, 2010 – Update on the Financial Systems Integration Office “Improving the cost, quality, and performance of financial management operations and systems is one of the Administrations management priorities. Over the past several years, efforts to achieve these objectives have been conducted under the Financial Management Line of Business (FMLoB) and… Continue Reading
Wave of Refinancing Could Overwhelm an Already Weakened Financial System Community Banks at Greatest Risk
News release: “The Congressional Oversight Panel’s February oversight report, “Commercial Real Estate Losses and the Risk to Financial Stability”, expresses concern that a wave of commercial real estate loan losses over the next four years could jeopardize the stability of many banks, particularly community banks. Commercial real estate loans made over the last decade –… Continue Reading
Global Financial System Shows Signs of Recovery, IMF Says
News release: “Risks to the global financial system have subsided as a result of unprecedented policy actions and, more recently, a nascent global economic recovery, according to the IMFs latest Global Financial Stability Report (GFSR). But the semiannual report, released on September 30, cautions that the road to financial rehabilitation is unlikely to be straight… Continue Reading
The Financial Industry Calls for Action to Strengthen the Global Financial System and Promote Stability in Financial Markets
News release: “Leaders of global financial services firms called today for far-reaching regulatory reforms to reinforce industry efforts to strengthen the global financial system. Our main challenge now is to restore confidence in and stability of the financial system this is essential for sound financial markets that can finance growth for the future, said… Continue Reading
Paper: The Power of Public Risk Management in Stabilizing the Financial System
Harvard Business School Working Paper: An Ounce of Prevention: The Power of Public Risk Management in Stabilizing the Financial System, May 4, 2009 “The magnitude of the current financial crisis reflects the failure of an economic and regulatory philosophy that had proved increasingly influential in policy circles over the past three decades. This paper suggests… Continue Reading
Global Plan Annex From Leaders of Group of 20 London Summit: Declaration on Strengthening the Financial System
On the 2 April 2009 world leaders gathered in London to address the global financial crisis. The communique – The Global Plan for Recovery and Reform, 2 April 2009: “We start from the belief that prosperity is indivisible; that growth, to be sustained, has to be shared; and that our global plan for recovery must… Continue Reading
Secretary Paulson Remarks on the U.S. Economy and Financial System
“Secretary Henry M. Paulson, Jr. delivered an update today on the economy and the markets at the Fortune 500 Forum in Washington”: “As I have said for some time, the housing correction is at the root of our economic and market difficulties. The most important thing we can do to mitigate foreclosures and progress through… Continue Reading
White House: Plan To Stabilize Financial System Is Limited In Size, Scope, And Duration
Fact Sheet: Plan To Stabilize Financial System Is Limited In Size, Scope, And Duration, October 17, 2008: The President explained that the government took swift action to protect the financial security of the American people. One important element, the equity purchase program, is designed with strong protections to ensure the government’s involvement is limited in… Continue Reading
House Hearing on Regulators' Ability to React to Threats in the Financial System
“Rep. Barney Frank (D-MA), Chairman of the House Committee on Financial Services, today announced that the committee will hold a hearing entitled, Systemic Risk: Examining Regulators’ Ability to React to Threats in the Financial System. Following up on the Committees July hearing with the Presidents Working Group on the Financial Markets that looked at lessons… Continue Reading
