financial stability board
A formidable group, led by billionaire Michael Bloomberg, is pushing for more transparency.
As big banks continue to benefit from higher credit ratings on the presumption that the government will bail them out in
When Americans realize that the alternative is to have their ready cash transformed into "bank stock" of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.
We need look no further than the example of Lehman Brothers to understand how one financial institution's failure can threaten the global financial system and create devastating effects to economies around the world.
LONDON (Huw Jones) - Filling a trio of top regulatory jobs will be crucial for maintaining momentum in global reforms with
The European Union may give regulators powers to block new products and limit trading risks at banks deemed too big to fail
Though pressure is building from the financial industry to slow reform efforts -- and concerns about fiscal conditions risk drawing public and political energies away from the need to act -- we must seize this moment and implement broad financial reform soon.
Giant banks, while bracing for a wave of tougher regulation in Washington, will not have to face a new set of global rules
If a Wall Street bank begins to fail, threatening the safety of the financial system, it will be put to death. End of story. Republicans -- the ones who bailed out Wall Street -- just don't want to believe it.
The recent crisis was a failure of risk management -- a diagnosis widely shared among the members of the IIF. But we are also starting the next crisis: the public finance crisis in Europe, the United States and Japan.
Instead of trying to come up with a constructive solutio, the banks failed to accept that their exceptional earnings did not come to them.
We, the middle aged financiers, are responsible for taking action on the issue of massive financial fraud. If we don't, we will never restore trust in the financial system.
Why was Bear Stearns saved from bankruptcy but Lehman Brothers was not? How could the decision makers not realize the dire consequences of letting Lehman go down?