- © Richard S. Grossman and Unsettled Account, 2010-13. Unauthorized use and/or duplication of this material without express and written permission from Richard S. Grossman is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Richard S. Grossman and Unsettled Account with appropriate and specific direction to the original content.
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Tag Archives: Basel accords
Forum shopping
The Financial Times reports that Oswald Grübel, chief of the Swiss bank UBS, “…has attacked the UK government for its public neglect of the City of London, warning that tougher regulations will see Britain and the rest of Europe cede … Continue reading
More capital
The Financial Times reports that a study conducted by Bank of England researchers finds that the current level of risk-weighted capital held by banks (about 7 percent) is woefully inadequate to protect against future financial crises. Calibrating their model with … Continue reading
Posted in Financial Crisis, financial regulation
Tagged bank capital, Basel accords, double liability
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Two Cheers for Basel III…or Waiting for Basel 3.5
Citibank chief Vikram Pandit warns in the Financial Times against excessive increase in capital and liquidity requirements. This is a tough argument to make in the aftermath of a serious crisis in which banks and other financial institutions were caught … Continue reading
Posted in Financial Crisis, financial regulation
Tagged bank capital, Basel accords, Citibank, Masami Imai, Vikram Pandit
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Make them pay…make them pay
Carried away by ever-rising real estate prices and aided and abetted by new types of financial instruments, the financial system’s overindulgence in risk has left taxpayers with a nasty hangover, a hefty tab, and a desire to make someone pay. … Continue reading
