California Treasurer and CalPERS Board Member John Chiang Introduces Private Equity Transparency Bill
California Treasurer John Chiang’s private equity transparency bill has been launched. How does it stack up?
Read more...Category Archives: Regulations and regulators
The UK’s Money Laundering Mess (III): LLPs, Secrecy Jurisdictions, PSCs, and a Forthcoming Fiasco
Why the UK’s latest anti money laundering measures don’t look very convincing
Read more...Hard Times for Italian Banks
The overview: “They argue that rather than spending time revising rules that have already been agreed, alternatives should be considered to make the guarantee schemes as effective as possible.” Translation: “Time to go back to the drawing board.”
Read more...Anyone Want to Buy Deutsche Bank?
Some more reasons why Deutsche Bank looks like one to avoid
Read more...Ex-Goldmanite , Now Minneapolis Fed President Neel Kashkari Calls for “Transformative” Changes to Banks, Ending TBTF, Even Regulating Them as Utilities
Astonishingly, Neel Kashkari really might mean a fair bit of his bold financial services industry reform talk.
Read more...Cyber Security and the Financial System – Why Technology Snake Oil Sells
How banks finesse cyber security risks despite hand waiving by governments and exhortations for the industry to “do something”.
Read more...Will German Sovereign Debt “Bail In” Scheme Destroy the Eurozone?
Germany is keen on implementing a sovereign bail-in plan that is certain to precipitate a crisis, but more likely a banking crisis than a breakup.
Read more...Cyber Security and the Financial System – What Do Governments Want from the Banks?
Governments are combining aggressive, ambitious talk with a curious helplessness in warning banks they really should be Doing Something about terrorist risk.
Read more...Utilities Getting Regulatory Support for Screwing Solar Customers
Utilities, with regulatory backing, are working hard to turn homeowner investments in solar into economic white elephants.
Read more...Money and Banking – Treasury and Central Bank Interactions
The post studies how the Fed is involved in fiscal operations and how the U.S. Treasury is involved in monetary-policy operations. The extensive interaction between these two branches of the U.S. government is necessary for fiscal and monetary policies to work properly.
Read more...Bill Black: The Inaugural Financial Fraud Lemons of the Week Award Goes to DOJ
The inaugural lemons of the week award goes to the DOJ for depicting its humiliating settlement with Morgan Stanley as a triumph.
Read more...Eurobanks: The Probable Point of Failure as Systemic Stress Rises
Why Eurobanks are the most likely fracture point if current economic stresses continue.
Read more...How Many Flints? America’s Coast-to-Coast Toxic Crisis
Flint is just the tip of the iceberg of lead poisoning in America.
Read more...Money and Banking – The Fed and Monetary Policy
A very readable, information-rich post on what the Fed does and does not do, with emphasis on the nitty-gritty of monetary policy. If you are time-pressed, read the last item in the FAQ first, which is a terse item-by-item debunking of widely made, inaccurate statements about the Fed.
Read more...Why the Market Freakout About Bank Stocks is Well Warranted
Bad loans are not the only reason to worry about banks. ZIRP and negative interest rates will bleed them to death, and Eurobanks are at real risk of bank runs.
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