Only three pages out of 40 in the OCCÂ's recent report cover interest rate risk. The discussion is toward the back. And the detail provided in quantifying exposures is scant.
Market participants should weigh on BaselÂ's latest consultative document in order to strengthen safety and soundness in growing global securitization markets.
This is 2014, not 2008. The problem is not subprime mortgage lenders, but a pendulum of federal regulation that has swung to such an extreme that worthy, qualified borrowers are being turned away.
Policymakers say they want to bring "underbanked" groups into the traditional banking system for safer consumer options, small-business growth, a sound banking system and other laudable reasons. But today's rules and aggressive enforcement work against these goals.
There are five major changes in Basel's latest guidelines that significantly impact its leverage ratioÂ's denominator, potentially leaving banks significantly undercapitalized in the event of an unexpected loss and endangering our economy.
If regulators want to limit the damage in Main Street communities, they should completely exempt Trups CDOs from the Volcker Rule. This would avoid needless writedowns without putting Main Street communities at financial risk.
The authors of banking law have shown a strong and recurring interest in name-identification with their work. Eponyms can provoke emotional reactions and facilitate the merger of persona and policy.
Requiring HUD to take a stand on how it measures disparate impact may at least remove the anomaly whereby government unwittingly increases the chances a lender gets sued for discrimination.
