The Bank for International Settlements has released its Core Principles for Effective Deposit Insurance Systems. Quis custodiet ipsos custodes?: The Securities and Exchange Commission today charged two accountants who produced bogus financial statements and an …
Search Results for: performance
June 18, 2009
The New York Times points out – albeit disapprovingly – one of the good elements of the Obama regulation plan: it leaves Credit Rating Agencies alone: The proposals call for the agencies to improve disclosure …
June 17, 2009
That guy who had a baby in 1967 is about to become a grandfather: The International Olympic Committee has yet to secure two more international sponsors, leading to a $30-million shortfall so far in the …
June 16, 2009
There is a kerfuffle in the UK regarding the FSA’s attempt to increase the bank’s liquidity requirements, in accordance with the Turner Review (previously discussed on PrefBlog): Similarly, if banks have to hold more assets …
June 15, 2009
Was it Joseph Mason who said it? Added 2009-7-15: Yes. It was. The fundamental problem with credit ratings and regulations thereof is that while the assumption is that you have a conservative investor looking for …
June 12, 2009
More trader games in the CDS market – and now the rules might change: At issue in the Amherst trades is whether sellers of protection on mortgage bonds can purchase loans underlying the debt at …
June 11, 2009
Incompetent Portfolio Managers now have a new object of veneration: the Globe and Mail has published a hagiography of St. Busseri the Crybaby after he squared his rot for a good boo-hoo-hoo: Mr. Busseri found …
June 10, 2009
Here’s a switch! Treasuries were under pressure today … Russia’s concerned about credit quality: Thirty-year bond yields reached the most in a year after a Russian central bank official said the nation may buy International …
June 9, 2009
Here’s another good reason to avoid working for a bank: Treasury Secretary Timothy Geithner said federal bank regulators and the Securities and Exchange Commission will play key roles in the administration’s effort to change the …
June 8, 2009
More evidence that the credit markets are mending, this time from the CDO market: A “remarkable change” in investor sentiment has doubled the price of some collateralized loan obligation securities in the past month, according …