This week marks the inaugural meeting of the U.K.’s interim Financial Policy Committee (FPC), a systemic risk oversight committee responsible for upholding the safety and soundness of the financial system. The FPC is charged with steering the… READ MORE ›
When Washington policy wonks and Wall Street high-finance geeks get together, it’s no surprise that the discussion quickly devolves into acronyms and esoterica that make often complicated issues even less approachable. So a READ MORE ›
Ever since the Reserve Primary Fund “broke the buck” in September 2008, the systemic risk potential of money-market mutual funds (MMFs) has generated enormous interest from around the globe. To “fix” what some have perceived… READ MORE ›
CFA Institute sponsored a symposium in March produced by the Harvard Law School Program on International Financial Systems which convened senior bankers, investors, regulators, and academics to discuss regulation of derivatives, cross-border resolution of… READ MORE ›
For those of us who were around back in 1987 (the year I received my CFA charter, I might add, boastfully), the circumstances of the “flash crash” of 6 May 2010 were in some ways a modern equivalent to… READ MORE ›
In the current issue of Foreign Affairs, Ian Bremmer and Nouriel Roubini paint a pessimistic picture of potential global coordination of financial services regulation. As they put it, “… the process of creating a new international financial… READ MORE ›
Beginning back in the 1980s, Dana Carvey played a character named Enid Strict, otherwise known as “The Church Lady,” on the comedy show “Saturday Night Live.” Enid is best remembered for her signature line, “Isn’t that special?” It is… READ MORE ›
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