Since the publication of the U.K.’s Wheatley Review in late September, which heralded the beginning of the reform process to fix the scandal-plagued LIBOR benchmark, a swath of regulatory initiatives has been launched. Read more
Leave a CommentEMEA
89 Posts
Between British economist Sir John Vickers and former Federal Reserve Chair Paul Volcker, few people are more synonymous with the current debate over structural reforms of banks and reining in systemic risk. How do their approaches to reform differ? Read more
Leave a Comment
As the economic crisis play out in Europe, an important question for investors is how sovereign debt exposure may have affected the recently reported performance of systemically important banks.
Read more
From the state of corporate governance in Asia and integrated reporting globally to the United Kingdom’s launch of two new regulators in place of the Financial Services Authority (FSA), it’s time to span the corporate governance globe to review important developments from the month of April. Read more
Leave a Comment
The draft law recently backed by members of the European Parliament to cap bonuses for UCITS fund managers in Europe sets up another tussle between those who favour free markets and those who believe that greater regulation is required to protect investors. Read more
Leave a Comment
It remains challenging for investors to fully anticipate the consequences of forthcoming bank regulatory requirements, especially across interrelated strands of regulation. A case in point is a Basel III requirement eliminating filters relating to financial reporting information. Read more
Leave a Comment
Two articles on the US$6 billion London Whale trading loss saga show how the obfuscation of facts and alleged untruths played leading roles in the debacle. Read more
Leave a Comment
There is no corporate governance issue that enflames opinion more than executive pay — and, more specifically, banker pay. Read more
Leave a Comment
The underperformance of major global banking stocks since 2007 is, in part, indicative of the belated recognition by investors that banks had for too long been too highly leveraged. Adequate loss-absorbing equity capital is necessary to ensure the solvency and financial stability of banking institutions. Read more
Leave a Comment
Cyprus is ponderously pondering how to fill a gaping financial hole, including whether and how much to appropriate from its depositors, domestic or otherwise. Ohio, having solved its budget crisis, is considering a regular tax on savers and investors to broaden its tax base and prevent a recurrence of the $8.8 billion budget deficit it had eliminated over the past two years. Read more
Leave a Comment