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Tag Archives: Regulatory

How to untangle the credit rating agency’s conflicts of interest

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 […]

Volatility

Build America bonds…

 From Mayer Brown…   Treasury Department Issues Guidance on Build America Bonds Client Alert – Government Relations, Global Trade, Infrastructure, United States 13 April 2009 On April 3, 2009, the Treasury Department released Notice 2009-26, which provides guidance on the “Build America Bond” provisions of the American Recovery and Reinvestment Act of 2009.  Build America Bonds are a new […]

Ready comparisons

   I attended the Securities and Exchange Commission (SEC) open meeting for adoption  of the Final Rules for credit rating agencies in Washington yesterday … these are the rules which regulate Standard & Poors (MHP) , Moody’s (MCO) and Fitch. I’ve been writing comments to the SEC on this issue since 2003 and it’s amazing to […]

Swapping secrecy…

New York Times Op-Ed Contributor, By Christopher Cox Published: October 18, 2008 Swapping Secrecy for Transparency ~~~~ “The historic volatility in the financial markets has raised important questions about the lack of meaningful regulation of financial instruments known as credit-default swaps. The $85 billion government rescue last month of the insurance conglomerate American International Group, […]

Race to rate…

****   This is cool news in the WSJ.com… ~~~~ “The National Association of Insurance Commissioners is exploring expanding its financial-ratings system over the issue of derivatives valuations and their effect on insurers. Sandy Praeger, president of the organization of state insurance regulators and insurance commissioner of Kansas, says some insurance companies have been downgraded […]

Bringing light to dark markets…

Creating transparency in the fixed income markets View SlideShare presentation or Upload your own. (tags: fixed income)

Regulate the central banks…

Here is a set of policy recommendations for the global financial system that we can get behind… from the comment section of  Floyd Norris’ blog… + + + + +   For the markets to work efficiently, we need the following: 1. Build a Superstructure to oversee all Central Banks… IMF may or may not […]

Shadow banking system…

Yves Smith (Naked Capitalism) and Daniel Gross (Newsweek, Slate and The Big Money) discuss the shadow banking system, market structure, the CDS auction settlement process, the failure of Lehman Brothers, legislative and regulatory efforts and some ways forward… (running time = 27:45)

Inventing a regulatory structure…

Transparency… more transparency… SEC Chairman Cox gave opening remarks for the 21st Century Disclosure Initiative Roundtable and talked about transparency for the CDS market … his statement was the most serious effort to rein in the markets spiralling out of control that I have heard…  ~~~~ “The reason for this aggressive enforcement investigation into credit […]