Wednesday, March 28, 2012
The Financial Times ran a story Monday about Goldman Sachs becoming the first big dealer to orient its business around electronic fixed-income trading and away from “hands-on” order processing in light of new regulations coming from Dodd-Frank. The story claimed that Goldman was a pioneer in this approach: Now Goldman could be one of the first banks to [...]
Tuesday, January 25, 2011
Well… I’ve been over at Riski all the time… and on Twitter too… Visit over there… and I’ll have a new project coming soon…
Saturday, September 18, 2010
Mad meat! how securitized lending collapsed the financial system View more presentations from catelong.
Friday, September 10, 2010
I got a call yesterday from the communications director of the SEC’s Enforcement Division. He asked if I would publicize several high level job openings. Here are the positions: Associate Director, Division of Enforcement Chief Counsel, Division of Enforcement Associate Director – Office of Whistleblower Coordinator I’m very happy to do this for several reasons: [...]
The primary lubricant of the financial system is confidence… Restoring American’s belief in the financial and banking system will require years. Americans must believe that the credit, investing and savings products offered to them represent fair dealing. Elizabeth Warren is the best person to lead the new consumer financial protection agency. I hope that President [...]
* * * A ten page summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act * * * The full text of the Dodd-Frank Wall Street Reform and Consumer Protection Act * * * Davis Polk interprets the Volcker rule Kudos to House Financial Services Committee Chairman Barney Frank on the level of transparency in the legislative process… good show…
A summary of where we are in the legislative reform process of the financial system. [BTW: follow me on Twitter – cate_long — tweeting on the conference process) From an email announcement from the House Financial Services Committee: The Wall Street Reform Bill: Conference Update Washington –Last week was a successful week for the House [...]
The House and Senate conferees worked hard to today to reconcile their versions of financial reform. Agreement was reached on private funds, insurance regulation and the merger of bank regulators. A sticking point was on Subtitle C of Title IX which covers credit rating agencies. I’d like to recommend to Chairman Barney Frank and others that they propose [...]
Also filed in Creativity, Launching..., Liquidity, Regulatory, Restructuring, Transparency
|
Tagged confidence, Congress, credit ratings, equivalent disclosure, Fitch, Moodys, NRSRO, Reg FD, Regulatory, regulatory abritrage, S&P
|
Tomorrow the House and Senate conference committee is finalizing the language for credit rating agencies. The push and shove is in full flight… Senator Al Franken is promoting his amendment to establish a “ratings board” that will assign a specific rater (Nationally Recognized Statistical Rating Organizations [NRSRO]) to rate structured finance deals. If adopted his amendment [...]
Federal Reserve Chairman Ben Bernanke gave a speech at the Bank of Japan on the importance of central bank independence and transparency… Chairman Bernanke espoused a lot of platitudes… but the reality of the Fed’s actions is their deep entanglement with the administration, Congress and Wall Street… I think we will be hearing more speeches [...]