Those in denial want to believe that OWS is a temporary phenomenon, nothing to get their shorts in a bunch worrying about. But they need to take Occupy's commitment to change seriously.
S&P is placing greater emphasis on the country where a bank operates. We believe capital is at most neutral to a slight weakness for the ratings in the U.S. and Europe.
Risk management expert Clifford Rossi looks at two recently released documents on the FHA, which he says together "bear ominous warnings about a portfolio in excess of $1 trillion."
Implementation of Dodd-Frank, new expectations for risk management, a flat yield curve, uncertainty stemming from unfilled regulatory positions: bank board of directors have their work cut out for them.
It's not 500 recognized uncertainties that kill you. It's one, or a few, variables that you didn't think were variable. Subprime was not such a variable. Home prices did the trick.
Banks should adhere to high moral standards by discouraging people from going needlessly into debt. The concept of "fly now, pay later" does not promote consumers' financial responsibility.
The current set of reforms creates a powerful framework of policy levers that can be used by global regulatory authorities to limit risk-taking, control bank size and deter banks from increasing their systemic importance.
