OpRisk
Obama to propose new limits on banks
Thursday, January 21st, 2010The White House wants commercial banks that take deposits from customers to be barred from investing on behalf of the bank itself—what’s known as proprietary trading—and said the administration will seek new limits on the size and concentration of financial institutions. Under the proposed rule, commercial banks would be prohibited from owning, investing in or [...]
U.S. financial regulation reform proposals
Tuesday, January 12th, 2010The U.S. Senate will renew efforts this month to overhaul financial regulation, basing much of its work on a bill offered by Democratic Senator Christopher Dodd, who announced this week he will retire at the end of 2010. Like legislation approved on Dec. 11 by the U.S. House of Representatives, the Dodd bill proposes the [...]
Kapitalvorschriften lockerer als befürchtet
Wednesday, December 16th, 2009Ein Grund für die kleine Rally dürfte ein Artikel in der japanischen Finanzzeitung «Nikkei» liefern: Dort heisst es, dass die Bankenaufsichtsbehörden bald die neuen Richtlinien für Eigenkapitalanforderungen veröffentlichen werden – konkret die Bank für Internationalen Zahlungsausgleich BIZ in Basel. In dem Artikel werden brisante Details gemeldet: Den Banken soll eine lange Übergangsphase von über zehn [...]
Federal Reserve Bank of New York hosted a meeting yesterday of major market participants and their domestic and international supervisors to discuss ongoing efforts to improve the infrastructure supporting the over-the-counter (OTC) derivatives market.
Thursday, April 2nd, 2009Since the previous meeting with regulators in June 2008, industry participants have taken a number of steps to improve the OTC derivatives market infrastructure, including: Establishing CDS central counterparties (CCP): Multiple CDS CCP platforms have been developed and have started or are close to starting operations. This marks a major step in establishing a centralized [...]
“Ein exponentielles Wachstum der Komplexität”
Friday, February 8th, 2008Ende Januar, nur eine Woche, nachdem die französische Bank Societe Generale zugeben musste, dass ein einzelner, unrechtmäßig operierender Börsenhändler Verluste in Höhe von 7,2 Milliarden Dollar angehäuft hatte, sagte der Chef der Bank von Frankreich einen erstaunlichen Satz: “Keine der Kontrollinstanzen innerhalb der Societe Generale scheint so funktioniert zu haben, wie sie sollte.”