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 […]
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Posted on April 17th, 2008 by Tom Groenfeldt
Which parts of the FSA’s guidance is a firm expected to follow?
That’s what one attorney asked Roseanne Harford, Manager, Strategy and Risk Division – at the FSA during Tuesday’s MiFID Forum in London.
The FSA relies on informal guidance which creates the risk of a soup of materials that firms find difficult to navigate, he said. Is […]
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Posted on April 17th, 2008 by Tom Groenfeldt
Wholesale markets in Europe have done well under a gentle regulatory regime, David Wright, deputy director general, EU Commission told The Forum, a MiFID event Tuesday. European markets grew twice as fast as GDP and faster than markets in the US.
“It is a pretty staggering change from where we were 10 years ago.”
But he warned […]
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Posted on April 6th, 2008 by Tom Groenfeldt
US Treasury Secretary Hank Paulson’s proposals are catching a lot of flak from NY Times columnist and Princeton economist Paul Krugman
Although he works in Princeton, nearly 200 miles from Washington, Krugman routinely beats the pants off the Washington press corps by reading legislation and budgets, paying attention when the Bush administration gives five different […]
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Posted on March 20th, 2008 by Tom Groenfeldt
The Letters page in the Financial Times has become quite interesting in recent weeks On 20 March, the president of the CFA Institute, Jeff Diermeier, defended fair value reporting, i.e. mark to market.
“Recent market problems stemming from a lack of transparency in subprime lending and securitisations based on such loans have added a new urgency […]
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