Laying the Federal Reserve Board's orders approving two recent acquisitions alongside Dodd-Frank rules and guidance from other agencies creates a Rosetta Stone to foretell future regulatory determinations.
The role of technology has been a primary feature of recent financial gains and disruptions. As it grows we'll see increased volatility, a greater need for real-time economic assessments and more calls for transparency.
Dodd-Frank extends oversight of compensation at large banks to anyone paid an incentive for performance. That's not just the top five or 100 executives, but more likely around 25,000 employees.
Long-Term Capital Management and AIG owned the markets that did them in. Who besides Jamie will sign for the proposition that JPMorgan Chase actually has a "fortress balance sheet"?
The JPM unpleasantness reinforces the hard lessons of the financial crisis, which are that a sound financial system depends on targeted regulation, "fortress" balance sheets and rigorous governance.
Personal financial management software must deliver real value to banks, not just consumers. Just saying PFM increases customer loyalty doesn't cut it. The value proposition has to be more attractive given the revenue pressures banks face today.
Many of the people we've spoken to for our documentary share a crusading inclination. And they point out that there's still more beneath the subprime iceberg that needs to be explored.
Top-down regulation can help protect consumers, but simple tools that provide relevant information online can help consumers protect themselves - and reward good behavior among payday lenders.
