Posted on April 21st, 2008 by Tom Groenfeldt
The London-based Observer supports bailing out the banks, but with strict conditions.
British banks deny that they have messed up and are asking for state rescue, notes The Observer, which disagrees with their assessment.
“But the reality is that British banks are guilty of systematic arrogance and complacency. They relied on credit from each other to pump […]
Filed under: Credit Crunch, Technology | No Comments »
Posted on April 21st, 2008 by Fabien Buliard
Heather McKenzie’s blog entry on April 10 underlines the need of corporates for adequate banking relationships. It reminded me of a column published at the end of 2007 by the French association of corporate treasurers, AFTE, which poked fun at the apparent chaos the arrival of MiFID had caused in their banks’ customer relationship departments.
Indeed, French corporates […]
Filed under: Corporate Banking, MiFID, Technology, regulation | No Comments »
Posted on April 21st, 2008 by Tom Groenfeldt
The Basel Committee has announced a series of steps to help make the banking system more resilient to financial shocks. These include:
Enhancing various aspects of the Basel II Framework, including the capital treatment of complex structured credit products, liquidity facilities to support asset-backed commercial paper (ABCP) conduits, and credit exposures held in the trading book.
Strengthening […]
Filed under: Technology, risk | No Comments »
