How the Basel III sausage gets made
Otto von Bismarck may have been talking laws when he made his first sausage analogy, but it’s well-suited to the creation of Basel III banking rules. Just think of all the...
The where and what of regulatory arbitrage
Get the little flags at the ready: on Tuesday JP Morgan Cazenove published the final installment of its trio of reports on regulatory arbitrage.It is stirring patriotic sentiment up on Capitol Hill,...
Too big to fail, fail?
Those worried that Dodd-Frank was overly-cautious in tackling ‘Too Big To Fail’ issues are unlikely to be comforted by the concentration limits study released on Tuesday...
Moody’s on ‘breaking the buck’ – and 208 near misses
Some 13 months and seven days ago, we were struck with a certain catastrophe.Reserve Primary Fund — a money market mutual worth about $64.8bn in September 2008 — broke the buck....
How Dodd-Frank travels – all the way to Canadian ABCP
DBRS’s Andrew Fitzpatrick has a wonderfully understated way of putting things:. . . it would be something between ironic and sad if the best-laid plans of the Montréal Accord,...
