Search

Some experts argue that the limitation of securities financing services by global banks is making markets more volatile--and that new restrictions on trade finance services will impede global economic development. [...]

In October 2008, then SEC Chairman Christopher Cox was asked if he thought liabilities were a fruitful field for further regulatory development. 'Yes. The run-on-the-bank experiences of Bear and Lehman, [...]

After taking a $250+ million loss in the 1998 Russian bond default, the executive leadership of Barclays PLC might have been excused for avoiding new forays into the former Soviet [...]

Even at the start of the Basel capital reform process, U.S. bank regulators were saying that the best outcome might simply be more attentiveness of bankers to risk management. Most [...]

Since the collapse of the Soviet Union, the Russian people have been trying to make capitalism work. Yet, with virtually no business experience or even an inherited legal infrastructure for [...]

'I always maintain that the payment function is the first function of banking. The creation of paper currency, to replace the commodity currency, caused the need to license someone with [...]

Managers of banks must cope daily with exposures that arise from their market and credit operations, and even from their supporting computer operations. As a rule, the last measure of [...]

After two attempts at consensus among bankers and supervisors, the Basel Committee on Banking Supervision earlier this year issued the third draft of proposed revisions to the Basel Capital Standard [...]

As the final shape of Basel II, the new capital solvency regime for large, complex banks, continues to emerge from the mist of negotiation and experimentation, it is becoming clear [...]

The proposed new standards of bank capital regulation, termed Basel II in recognition of the authoring Basel Committee on Banking Supervision, have stimulated much interest in the expanded powers and [...]

Thanks to industry cooperation, the back-office challenge has been met. Now the challenges are correcting Y2K glitches and preparing for the Euro conversion Trading on the New York Stock Exchange [...]

Like all electronic banking services, electronic benefits transfer (EBT) requires a substantial capital investment and a network of partners just to get started. A few network managers, not all of [...]

To the European banking establishment, 2005 will be known as the year of the American community bank. At a fork in the road toward capital reform, America's 8,000 or so [...]

CONTROLLING liquidity risk is the most important consideration when a lender is considering changing its collateral policies. Some market participants in Europe remain extremely wary of taking cash collateral. As [...]

IT HAS OFTEN been said that securities lending moved out of the back office when lenders began taking cash as collateral. Proponents assert that the need to invest the cash [...]

Street protests against global institutions have become predictable during any gathering ,of world leaders. Yet, working largely 'below the fold' in Basel, Switzerland, is one of the least recognized, but [...]

AT THE END of 2002, US-based institutional investors had over US$1 trillion in portfolio securities on loan through agent banks to borrowers. Without this commitment, it's unlikely that the securities [...]

On April 29th, after nearly two and one-half years of debate, bank supervisors presented their third consultative paper on capital reform to the international banking community. Observers agreed that supervisors [...]

Fueled by prospects of huge outlays for technology, trust banks turn to strategic outsourcing--partnering--to stay up with the pack 'It is clear that there may be some who are opposed [...]

Fed Governor Laurence Meyer explains the current thinking behind changes in big-bank supervision and how the changes could affect other institutions The U.S. government's view of bank regulation began changing [...]

Bank for International Settlements General Manager Andrew Crockett talks about 'Basel II', provisioning, and the 'art of supervision' Andrew Crockett?' 'BIS?' 'Should I know about them?' If you have an [...]

The second round of comments on the proposed new risk capital rules has been sent to supervisors, yet there are still large issues to be defined within the reforms. In […]

The Basel risk-capital rules won't be here for a few years, but their impact may be felt much sooner In 1984, Continental Illinois Bank's unexpected collapse forced a reassessment of [...]

On January 16, the Federal Reserve Bank of New York served as the stage for a global rollout of the newest proposal for revisions to capital adequacy standards--what is commonly [...]

In 1998, an international team of bank supervisors reported that awareness of operational risk as a separate risk category was relatively low at major banks. That began to change for [...]

As of early September, the Federal Reserve Board reported that 396 domestic institutions had declared for Financial Holding Company (FHC) status under the terms of last year's Gramm-Leach-Bliley Financial Modernization [...]

Worldwide project team works for better answers How safe is your bank? Safer than its largest competitor? Are affiliates in your holding company safer than their peers? Are your correspondents [...]

A SENIOR OFFICIAL OF THE European Banking Federation recently alerted the Financial Times to the view that the impact of capital reforms proposed by the Basle Committee 'will fundamentally change [...]

Several banking associations have now commented on the wide-ranging reforms proposed last June to the 1988 Basle Capital Accord. Regulators in over 100 nations currently adhere to the accord's risk-based [...]

Proposed reforms attempt to make qualitative distinctions in counterparty commitments, improve disclosure, and assess risk appetites Financial modernization has been compared to the fall of the Berlin Wall in American [...]

RISK-CAPITAL REFORM PART I When a committee of regulators in Switzerland called last June for reform of the 1988 Capital Accord, most bankers agreed that changes were needed. But even [...]

A candid review of operational risk in the selection of global outsourcing agents Today's financial market system is a lattice of securitized assets and outsourcing sub-agents. The so-called 'millennium bug' [...]

Though his name is not on the law, Securities and Exchange Commission Chairman Christopher Cox served on the Senate-House Conference Committee that finalized the 1999 Gramm-Leach-Bliley Act. At the time, [...]

To central bankers, the implementation of the Basel II Capital Accord was planned as a stimulant to improve banks risk management practices, as well as to formulate appropriate, risk-sensitive capital [...]

Last month we ran the first part of a report prepared by Contributing Editor Ed Blount based on a breakfast meeting with Jaime Caruana, chairman of the Basel Committee on [...]

On a busy Sunday morning in late June, contributing editor Ed Hilton Blount breakfasted at the Basel Hilton with Governor Jaime Caruana of Banco de Espana, following the extraordinary Saturday [...]

In late June, at the Bank for International Settlements in Basel, Switzerland, the final version of global banking's new capital adequacy framework was rolled out before an overflow gathering of [...]

Under this rippling banner, on Thursday, Feb. 27, 2003, a complex set of proposed changes in bank solvency rules, known as Basel II, were subjected to tense hearings before a [...]

Budget pressures and challenges to federalism spotlight electronic commerce. Banks, if they're ready, could be natural providers In the past, the states have asked for the help of the federal […]

When JPMorgan Chase acquired Bear Stearns in March, 2008, an organization was created reminiscent of American banks of the 1920s. When Bank of America acquired Merrill Lynch, the commercial bank's [...]

The timeline for introducing the new capital adequacy standard for global bank regulation, and possibly even its survival, may well depend more on bankers than on their regulators. According to [...]

The ASTEC Consulting Group, Inc. Burlington, Vt. Clearinghouses were first organized to improve the operating efficiency of members. A valuable side benefit was better monitoring of the kind of risk-taking [...]

About a year from now, Democratic Governor Ben Nelson of Nebraska may well become the newest Senator from the Cornhusker State. That turn of events would send a popular and [...]

A letter to the editor is presented which presents a discussion on a non-profit Center for the Study of Financial Market Evolution (CSFME), which has been created to support academic studies of securities finance.