Japan is rumoured to be considering a capital surcharge on systemically important banks, but details and confirmations are scarce: Japan’s financial regulator is considering forcing the country’s largest banks to hold more capital than required …
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Nagel, Tory's Opine on Preferred Shares, Contingent Capital
Financial Webring Forum brings to my attention a Globe & Mail article titled What happens to rate reset prefs in Basel III?: John Nagel at Desjardins Securities has been watching the issue closely, trying to …
September 23, 2010
I’m not the only one who thinks that the SEC’s extortion of $550-million from Goldman was conveniently timed: Republican lawmakers asked SEC Inspector General H. David Kotz earlier this year to investigate how the SEC …
Contingent Capital Update
A Reuters columnist suggested Big banks winners from new contingent capital move: Plans to make hybrid bond investors share the pain when banks run into trouble could polarise the financial sector into big firms that …
Carney: Central Planning = Good
PrefBlog’s Department of Thesis Title Suggestions has another offering for aspiring MAs and MBAs: is the period of market ascendence over? I suggest that it is arguable that the fall of the Soviet Union in …
BIS Proposes CoCos: Regulatory Trigger, Infinite Dilution
The Bank for International Settlement has released a Proposal to ensure the loss absorbency of regulatory capital at the point of non-viability – consultative document: the proposal is specifically structured to allow each jurisdiction (and …
August 18, 2010
The Barclays settlement of allegations they did business with bad people and covered it up was criticized here yesterday. I am pleased to see it has hit a roadblock: A federal judge refused to endorse …
Sun Life Warns on Insurer Capital Requirements
Sun Life Financial stated in its 2Q10 Earnings Release: The regulatory environment is evolving as governments and regulators develop enhanced requirements for capital, liquidity and risk management practices. In Canada, the Office of the Superintendent …
July 30, 2010
There was a very good essay (which means: “one that I agree with”) in The Economist of July 24 titled Too many laws, too many prisoners that included the information: For bringing some prescription sleeping …
BPO to Reshuffle Assets, Become Pure Office Play
Brookfield Properties has announced: a strategic repositioning plan to transform itself into a global pure-play office property company. The plan includes the acquisition of an interest in a significant portfolio of premier office properties in …