Transparency Continues to be Missing from Crisis Response
The ECB’s Draghi gave a speech in which he extolled the achievements of regulatory reform since the beginning of the Great Financial... Read More
Transparency is a 0/1 variable
Recently, I was asked why the Transparency Label Initiative treats transparency as a 0/1 variable. The reason is either there is adequate... Read More
Did Lack of Transparency Cause the Financial Crisis?
The lack of transparency in the global financial system was and still is the necessary condition for a financial crisis to occur. By... Read More
Are banks still an accident waiting to happen?
The results of the bank stress tests are in and once again virtually every single bank passed. Central bank regulators are running... Read More
Secret to How Wall Street Makes Money Revealed
In 2010, I wrote a Fortune column explaining how Wall Street made money on subprime mortgage-backed securities by exploiting its access to... Read More
The Financial Crisis … Ten Years Later
Ten years ago on August 9, 2007, BnP Paribas kicked off the global financial crisis by announcing it couldn’t value subprime mortgage-backed... Read More
ECB highlights the importance of transparency
It its quest to understand how its monetary policies are transmitted to the real economy, the European Central Bank is turning to... Read More
Have the causes of the global financial crisis been fixed?
As we approach the tenth anniversary of the start of the Great Financial Crisis, central bankers in their role as financial regulators... Read More
Will China’s financial regulators discover transparency?
China’s financial regulators are trying to head off an excess debt driven financial crisis. To do this, they are trying to restrain... Read More
Big Data reforming the mortgage market
While Congress debates what to do with the Fannie Mae and Freddie Mac, big data is reforming the mortgage market. It is... Read More
Fed confirms none are so blind as those whose job depends upon not seeing
Periodically I delude myself into thinking senior Fed officials/PhD economists actually understand how our financial system is designed and is suppose to... Read More
Stock exchange officials confirm transparency ends proprietary gambling
While it wasn’t their intent, stock exchange officials confirmed why transparency enforces the the Volcker Rule and its prohibition on banks making... Read More
EU regulations spurring growth of independent research business
Underlying the global financial system is a basic quid pro quo. Investors get transparency in exchange for assumption of all risks related... Read More
Why do we need financial regulation at all?
In his speech, Hyun-Song Shin, the Head of Research for the BIS, asked “Why do we need financial regulation at all?”. This... Read More
The financial crisis response that didn’t fix underlying cause of crisis
In a must read Guardian column, Joris Luyendijk looks at the the response to the financial crisis over the last nine years... Read More