Deutsche Bank and a “New Era of Transparency”
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/Is Deutsche Bank finally going to usher in the new era of transparency it promised investors over a year ago? Highly unlikely.... Read More
Wall Street and the Volcker Rule
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In a terrific article, Andrew Cockburn looks at how Wall Street influenced and still influences at both the legislative and regulatory level... Read More
Central Bankers as Defenders of Opacity
At the launch of a book which concluded the loss of trust in Economists and Bankers is permanent, the Bank of England’s... Read More
Fed Up: a brief book review
In her book, Fed Up: An insider’s take on why the Federal Reserve is bad for America, Danielle DiMartino Booth explains why... Read More
Is there anything as misunderstood in Economics as transparency?
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The following is an excerpt from Transparency Games highlighting just how misunderstood transparency is by the Economics profession: Recall that, including myself, there... Read More
Debunking claim in financial markets opacity is beneficial
Today the latest recipients of the Nobel prize in Economics were announced. One winner, Bengt Holmstrom, wrote a January 2015 working paper for... 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
Irish Banking Inquiry Part II: Reliance on Regulators foolish
The Irish Banking Inquiry is looking into the causes of and response to the Irish financial crisis. In doing so, it is... Read More
Irish Banking Inquiry Part 1: Regulatory Capture
While Greece is grabbing all the headlines, the Irish Banking Inquiry into the Irish financial crisis deserves its fair share of attention.... Read More
Bankers rigging markets and the price of money
Deutsche Bank announced today it had entered into a deferred prosecution agreement and paid a $2.5 billion fine. Why? Because it was... Read More
Economists and transparency
“Nobody makes good investment decisions when blindly betting” summarizes my approach to transparency. While occasionally a blind bet will work out well,... Read More
JPMorgan and asset manager conflicts of interest
Bloomberg reports JPMorgan asset management executives have been questioned by the SEC about their undisclosed policy to steer clients to in-house products.... 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
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
A little bit on Transparency Games
Transparency Games looks at the history of transparency and its role in the financial markets from the beginning of the 19th century... Read More