Several European central banks have begun assessing the impact of adverse climate scenarios on banks’ capital. Comparable work at EU or euro area level has evolved more slowly. Supervisors need build up a distinct and more complex type of analysis, and should engage with banks now.
Read more...How hidden foreign exchange swaps contribute to financial fragility.
Read more...Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
Read more...A case study of the struggle for influence in Iraq.
Read more...State AGs to meet with DoJ to discuss cooperating in their respective probes into alleged anti-competitive behavior by Google. Will enforcement actions follow? Time will tell.
Read more...TaxCast ranges well beyond tax today, with topics including IMF warnings, the Brexit rogue UK vision, and looting in Angola.
Read more...New York City Council passes legislation requiring businesses to accept cash to take effect nine months after signing by mayor Bill DiBlasio.
Read more...Why discussion of Biden’s corruption should not be off limits in the Dem primary contest; Trump will raise these issues in the general.
Read more...Yves here. I’m clearly not in touch. I am surprised that this finding, that credit booms predict equity busts, is novel. Of course, given that manias last way longer than cooler heads deem possible, judging the peak of a credit cycle is tricky business. Nevertheless, when a wee summer associate at bond trading powerhouse Salomon […]
Read more...Haven’t we already seen this movie? Race to the bottom in gaming credit ratings agencies for commercial real estate Collateralized Loan Obligation deals.
Read more...A grim take from smoky Australia.
Read more...The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity.
Read more...Sweden throws in the towel on its negative interest rate policy as inflation stays stubbornly low.
Read more...A reappraisal of Volcker, who was more hostile to workers and less hard on financiers than the press would have you believe.
Read more...BBVA has not denied that an officer swatted an elderly woman on fabricated grounds as retaliation for documenting his reckless advice.
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