Posts filed under “Regulation”
From the Wall Street Journal:
The Libor manipulation scandal has ensnared at least 17 financial institutions and 28 individuals in a wide-ranging investigation spanning 11 countries and four continents. So far, it has netted at least $5 billion in penalties, with more on the way. Below, we’ve taken the most complete list of allegedly involved parties, compiled by WSJ reporters and editors, and mapped an extensive web of connections that reveals the depth of the alleged conspiracy. Connections do not represent allegations of wrongdoing. The Journal has attempted to contact every institution and individual mentioned in this graphic.
Click for an interactive graphic.
Why Do Banks Feel Discount Window Stigma? Olivier Armantier Liberty Street Economics January 15, 2014 Even when banks face acute liquidity shortages, they often appear reluctant to borrow at the New York Fed’s discount window (DW) out of concern that such borrowing may be interpreted as a sign of financial weakness. This phenomenon…Read More
Blackstone & Codere amantha Bee investigates the shady, totally legal business dealings of a private equity firm called Blackstone.
Here is the original article: Blackstone Unit Wins in No-Lose Codere Trade: Corporate Finance
Regulations Are Entirely to Blame for Unemployment and a Leading Cause of Death in the United States
From the Wall Street Journal: Six financial institutions were fined €1.71 billion ($2.32 billion) by European Union regulators Wednesday for colluding in an attempt to manipulate key benchmark interest rates, the EU’s largest-ever penalty in a cartel case. The settlements involved penalties against some of the world’s biggest banks, including Deutsche Bank, Société Générale, Royal…Read More
Quite a few people are discussing the speech given by Federal Reserve Chairman Ben Bernanke last week, titled The Crisis as a Classic Financial Panic. (See this, this and this). But while everyone is looking at the big dog, the rest of the pack has been out making very interesting noises. Indeed, if you pay…Read More
Ending Too Big to Fail William C. Dudley, President and CEO, NY Federal Reserve Global Economic Policy Forum, NYC, November 8, 2013 It is a great pleasure to have the opportunity to speak here today. My remarks are going to focus on what is called the “too big to fail” problem. As you…Read More