"Liquidity is overrated. Its only there when you don’t need it."
a. In all countries, the activities of government-insured deposit-taking institutions should be subject to prudential regulation and supervision by a single regulator"
a. Managers of private pools of capital that employ substantial borrowed funds should be required to register with an appropriate national prudential regulator."
a. Countries should reevaluate their regulatory structures with a view to eliminating unnecessary overlaps and gaps in coverage and complexity, removing the potential for regulatory arbitrage,"
"f. Ensuring that all large firms have the capacity to continuously monitor, within a matter of hours, their largest counterparty credit exposures on an enterprisewide basis and to make that information available, as appropriate, to its senior management, its board, and its prudential regulator and central bank;"
b. These benchmarks should be expressed as a broad range within which should be managed, with the expectation that, as part of supervisory guidance, will operate at the upper end of such a range in periods when markets and tendencies for underestimating and underpricing risk are great.
"b. The tension between the business purpose served by regulated financial institutions that intermediate credit and liquidity risk and the interests of investors and creditors should be resolved by development of principles-based standards...
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