The Volcker Rule is a veritable leviathan in size and complexity, but the jury is out on whether it can truly avert another London Whale-type fiasco. DonÂ't hold your breath.
Banks need startups to test the waters with new products and services, but startups need banks for their capital, infrastructure, large customer bases, established regulatory relationships and compliance training.
It should be obvious that no one in his or her right mind would design the bank regulatory system we have today. No third-world country's bureaucracy is so byzantine.
Financial institutions are under more pressure than ever to properly manage their data troves. But many in the industry have yet to master data governance.
Unregulated entities face a tough road ahead. More banks will align IT risk with enterprise risk management. Banks will place heightened emphasis on their overall risk management vision, and data architecture will emerge as critical competency.
Before consigning millions of Americans to lives of perpetual tenancy, we need observers on all sides of the housing reform debate to put aside rhetoric and focus on market realities.
The Office of Financial Research has made a number of improvements in its measurement of systemic risk but falls well short of providing a forward-looking assessment of emerging dangers.
