risk-management

Regulators Need to See the Big Picture

03/13/12

Just as we manage risk within companies on an enterprise-wide level, we should be building a coherent regulatory framework in which risk is assessed across industries and markets.

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How U.S. Banking Wasted Its Fukushima Moment

03/12/12

Like the nuclear meltdown that devastated Japan a year ago, America's financial crisis resulted in part from collusion between the regulators in the capital and the regulated in the executive suites. Unlike the Japanese, we didn't learn from our calamity.

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The Kids Aren't Alright

03/08/12

I'm certain we'll see another bubble and then a collapse in the next few decades because I've heard from the business students who've learned no lessons from the last one.

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The Little We Know About Foreclosure Reviews Is Troubling

03/05/12

The reviews, mandated by regulators, could turn up errors made by the mortgage servicers' auditors. What if the firm doing a foreclosure review previously audited the same client?

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Proprietary Trading Puts Banks at Serious Risk

02/20/12

I can name at least four institutions that effectively "went under" and required taxpayer support because of prop trades gone bad.

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No More Special Treatment for Money Market Funds

02/15/12

Money market funds have hurt the community banking industry tremendously by making it more expensive to raise deposits.

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Banks May Need to Invite in Mortgage Abuse Task Force

02/14/12

Rather than wait for government or plaintiff lawyers to find them, banks that were involved in the syndication of mortgage backed securities should control their exposure through a proactive, rigorous self-study program.

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BLOG OF THE DAY: Why Not Just Let Money Market Funds Fail?

02/08/12

Rather than try to make money market funds safer, David Merkel essentially wants everyone to recognize and admit and deal with the reality that they aren't safe.

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Freddie's Hedging Is Healthy

02/07/12

A considerable amount of energy has been spent linking Freddie Mac's use of an arcane set of derivatives to some sinister plot. The facts of the situation appear to have been blown well out of proportion.

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Judge Chief Risk Officers by Their Paychecks

02/03/12

Michael Stockman and Michael Roseman may have had the same title at MF Global, but their testimony highlighted distinct differences in actual roles, responsibilities and perspectives. And salary.

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