KKR-TI Partnership Points Out Supply-Chain Risks
Compliance experts focused on the potential work Transparency International could do with KKR on its supply chain. The partnership, which KKR announced last week, will involve Transparency International in the private equity firm's best practice meetings and in working with its portfolio companies.
Paul Krugman: Dimon’s Déjà Vu Debacle
Opponents of regulation end up making a strong case for it: Dimon’s Déjà Vu Debacle, by Paul Krugman, Commentary, NY Times: Sometimes it’s hard to explain why we need strong financial regulation — especially in an era saturated with pro-business,...
The Rise, Fall and Fate of Principles Based Regulation
Julia Black London School of Economics – Law Department November 21, 2010 LSE Legal Studies Working Paper No. 17/2010 Abstract: The financial crisis has prompted a number of fundamental questions, not least of which is the relationship between financial institutions and regulators. In particular, the reputation of principles based regulation (PBR), lauded as a key...
TD’s Clark: Speculation Puts Banking System at Risk
Toronto-Dominion Bank Chief Executive Officer Edmund Clark talks about the Canadian firm’s approach to banking and industry regulation. He speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.” Source: Bloomberg, May 14 2012 Transcript after jump Clark on whether Jamie Dimon is looking at the capital surcharge the wrong way: “Well, Jamie, I know, is a...
“Everything is a Hedge”
The claim is being made that JP Morgan’s $2 billion trading loss was in a trade that was a “a hedge.” It doesn’t take much review to easily disprove that position. We first learned of this particular trade when they began to distort credit indices. Any trade so huge that it impacts its markets –...
Paul Krugman: Why We Regulate
The financial industry needs better safeguards against excessive, potentially costly risk-taking: Why We Regulate, by Paul Krugman, Commentary, NY Times: ...Jamie Dimon, the chairman and C.E.O. of JPMorgan Chase,... has ... been fond of giving ... speeches about how he...
The Slippery Slope for Health Care’s Slippery Slope Opposition
Richard Thaler: Slippery-Slope Logic, Applied to Health Care, by Richard Thaler, Commentary, NY Times: There are lots of important things to worry about these day... So it is important that we limit our worries to real as opposed to imaginary...
"Too Big To Manage"
Yesterday, Tim Duy reacted to the troubles at JP Morgan Chase with "Too Big To Fail Lives On." Simon Johnson agrees, and says it's time to change the rules: JP Morgan Debacle Reveals Fatal Flaw In Federal Reserve Thinking, y...
Neil Barofksy on JPMorgan Trading Loss, Regulation
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One of the Biggest Trading Losses in History
Imperfect, OverReaching, Bonus-Driven Bankers
The disclosure by once future Treasury Secretary and current JP Morgan CEO Jamie Dimon of a sudden and previously undisclosed $2 billion dollar derivative loss should be a wake up call. It unwittingly reveals much about the present state of finance: • The inherent tension between traders using leveraged risk with Other People’s Money in the...
Fill ‘er Up — with Unregulated!
Abstruse Goose: Fill it up with unregulated: Abstruse Goose
Private Equity Is Awesome, Says New PEGCC Video
In a new whiteboard-style YouTube video the Private Equity Growth Capital Council attempts to address claims made by the industry's detractors.
