Posted on May 16th, 2008 by Tom Groenfeldt
The Fed is reluctantly thinking that it might consider taking action against asset bubbles in future. Chariman Ben Bernanke still says it is hard to determine a bubble.
Really? When tech stocks were trading at 50-100X earnings? When people in booming states like California were buying houses at 5-6X their income? When mortgage brokers were offering […]
Filed under: Credit Crunch, regulation, risk | No Comments »
Posted on May 16th, 2008 by Tom Groenfeldt
Philippe Carrel, SVP at Thomson Reuters, has been rounding up bankers, quants and technologists in New York and London to gauge the satisfaction with existing information on structured assets (very low) and create some standards that market participants can agree upon. Everyone knows Black-Scholes has some underlying problems but it provides an accepted way to […]
Filed under: Securities & Capital Markets, risk | No Comments »
Posted on May 16th, 2008 by Tom Groenfeldt
Last month at The Forum in London, the MiFID conference sponsored by JWG-IT, David Wright, deputy director general, EU Commission, told bankers they should take the current financial crisis seriously. “The firms that created this mess have to step up to the plate. This is not the time for firms to seek de minimus solutions or […]
Filed under: Credit Crunch, Technology, regulation | No Comments »
