My note to Congressional staff members … Meet Riski the open source portal for financial markets regulatory information. The Financial Times wrote about our new project recently and reblogged us saying “Riski – a wiki that aims to draw together as many resources as possible relating to the regulation of financial markets and products … the [...]
About a year ago I wrote comments to the Securities, Insurance and Investment Subcommittee of the Senate Banking Committee about the regulation of investment banks after the Bear Stearns collapse … I tried to highlight several principles about financial markets stability and regulation. The main principle which I tried to focus on is that markets, if operated [...]
From Bobsguide… ~~~~ “With recession biting hard across eastern Europe, citizens in Estonia are turning to a virtual “happiness bank” and forums on governance to find new ways through the gloom. In an interview with French news agency AFP, one of the project’s main organizers – Estonian web entrepreneur Rainer Nolvak – said it aims [...]
Tuesday, February 3, 2009
Paul Wilkenson wrote one of the best posts I’ve read recently… see here… ~~~~Who Will Sponsor Transparency for Troubled Assets? February 3, 2009 by Paul The previously blogged ideas — broadening the SEC’s XBRL requirement and using an industry standard computer language to create a more efficient 21st century version of the RTC — [...]
Friday, December 19, 2008
Since 1934, the SEC has required disclosure in forms and documents. In 1984, EDGAR began collecting electronic documents to help investors get information. The SEC’s new system, IDEA, requires data disclosure – the next step to improve how investors find and use information. You can search information collected by the SEC several ways: Interactive Data [...]
Saturday, November 22, 2008
I was in Washington this week to attend the SEC’s open meeting for rulemaking on credit rating agencies… that agenda item was postponed but I had a chance to visit with Mark Story of the SEC. I got to know Mark through the SEC’s informal “blogger network”. Mark had wonderful news that he shared with [...]
It can be done… we can come back from the brink… transparency can engender stability… keep at it friends… from Business Week… ~~~~ “Tick. Tick. Tick. That’s the sound of the credit-default-swap time bomb counting down to financial Armageddon, if the critics of the now-famous financial derivatives are to be believed. Designed to insure bondholders [...]
Wednesday, October 22, 2008
Role of Federal Regulators in the Financial Crisis… House Oversight Committee hearing … Thursday, October 23, 2008, in 2154 Rayburn House Office Building. The hearing will examine the roles and responsibilities of federal regulators in the current financial crisis.
Wednesday, October 22, 2008
From the testimony of Stephen Joynt, President and CEO of Fitch, Inc., to the House Oversight Committee just now… ~~~~ ” …. It has been difficult to find balance in assigning ratings of major global financial institutions during the current financial crisis. While the public ratings reflect the fundamental analysis of each company, they do not, and have [...]
Wednesday, October 22, 2008
One of Shopyield’s Transparency Club inductees has got a laser beam trained on the development of the US Treasury bailout program… the Internet as a tool for “citizen transparency“… from Bailout Sleuth… ~~~~ “… The Treasury Department has hired two big accounting firms to help keep tabs on the government’s financial-industry rescue program, and once [...]