Martin Fridson on transparency
In a Bloomberg article, money manager Martin Fridson articulated why the buy-side needs the Transparency Label Initiative™. Describing the impact of investors... Read More
BoE’s Haldane on complexity and the need for data
In his speech, on microscopes and telescopes, the Bank of England’s chief economist, Andrew Haldane, talked extensively about the need for data so... Read More
How best to address financial cycles
In a recent quarterly review, the Bank for International settlements observed: How best to address financial cycles is a broader policy question... Read More
Value of opacity to bankers: $100 billion per year
In a very interesting article, David Dayen looks at the incentive bankers had to hide behind the opacity of the securities they... Read More
Martin Wolf debunks myth we avoided a second Great Depression
One of the myths that global policymakers and financial regulators have tried to spread is their response to the 2007/2008 financial crisis... Read More
Michael Lewis experiences pushback from Wall Street
In his Vanity Fair article on Flash Boys, Michael Lewis describes the same pushback from Wall Street that I have experienced. In both... Read More
Gaming the stress tests
///
The Fed released the results of its annual stress tests and the question was why were JPMorgan and Goldman so close to... Read More
Stress tests create moral hazard
One of the signature regulatory innovations to emerge since the financial crisis began in August 2007 is the annual stress test. Conventional... Read More
Wall Street faces another suit for inadequate disclosure
New York’s attorney general, Eric Schneiderman, is preparing a lawsuit against Morgan Stanley saying the firm omitted or misrepresented information on 30... Read More