Bank living wills not fit for purpose
The US Office of Financial Research released a report in which it concluded bank living wills haven’t ended the market’s perception of... Read More
EU officials slowly concluding transparency needed to revive structured finance
Paul Tang, the EU parliament’s lead on reviving structured finance, released a working document on the EU effort to create a framework... Read More
Dodd-Frank supporters struggle to claim it has had a big impact
In a classic main stream media puff piece, the New Yorker ran an article defending the Dodd-Frank Act and asserting its impact... Read More
EU banking supervision becoming more opaque
In an interesting post on Bruegel.org, the authors examine the trend towards more opacity in EU bank supervision. Why is this trend... Read More
Rewriting central bank role as lender of last resort
In his new book, Mervyn King, the former head of the Bank of England, tries to rewrite the role of central banks... Read More
Complex regulations don’t guarantee financial stability
Since before the financial crisis began, I have been explaining why the global financial system is based on transparency complimented by a... Read More
The “I saved the world” financial crisis myth debunked
Unlike numerous other central bankers or Treasury officials turned writers on the financial crisis, Mervyn King refuses to engage in perpetuating a... Read More