Lessons Learned and Future Implications R i s k M a n a g e m e n t: The Current Financial Crisis, Lessons Learned and Future Implications Introduction The current financial crisis presents a case study of a "financial tsunami" (as former Federal Reserve Chairman Alan Greenspan recently call...
Treatment under the "banking book" would have significantly changed the economics of the CDO desk business as this would have increased the required regulatory capital charges. Further, liquidity risk associated with having concentrated positions in an asset class (albeit AAA rated) does not appear ...
the Swiss Federal Banking Commission of Switzerland, the Financial Service Authority of the United Kingdom, and the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the Office of the Comptroller of the Currency and the Securities and Exchange Commission of ...
the Swiss Federal Banking Commission of Switzerland, the Financial Service Authority of the United Kingdom, and the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the Office of the Comptroller of the Currency and the Securities and Exchange Commission of ...
The Economy and Central Banks At the end of the spring of 2007, Ben Bernanke, the chairman of the Federal Reserve, stated on May 17, 2007: "We do not expect significant spillovers from the subprime market to the rest of the economy or the finan- cial system." It was vain hope, ...
The Economy and Central Banks At the end of the spring of 2007, Ben Bernanke, the chairman of the Federal Reserve, stated on May 17, 2007: "We do not expect significant spillovers from the subprime market to the rest of the economy or the finan- cial system." It was vain hope, ...