The European banking sector is still digesting the implications of the emerging Basel III liquidity rules; it will also be hit by another round of stress tests later this year. How will regulatory and supervisory efforts shape 2014?
Views: 306 The Banker
Newsclick discusses with Professor Mario Tonveronachi from the University of Siena, Italy about the global financial system and the crisis it continues to face. Speaking of the banking regulations, Tonveronachi says that it is a problem of not having the comprehension of a financial system in its entirety. Therefore the regulators did not see the crisis coming. He underlines that the governments should look at the structural problems of an economy and concentrate on tackling them. He also emphasizes the need to have many small banks and feels that banks should perform purely banking operations, as they did in the good old days.
Views: 511 NewsClickin
Healthy banks and healthy economies go hand in hand. The latest in the Atlanta Fed’s animated video series explains how the Federal Reserve ensures banks are doing business safely and providing fair and equitable services to their communities.
Views: 25567 AtlantaFed
_Euronews’ Maithreyi Seetharaman asked Valdis Dombrovskis, the European Commission Vice President for the Euro & Social Dialogue, Financial Stability, Financial Services & Capital Markets Union, if the new banking proposals put forward impacts the impending Basel III negotiations in January 2017. He responded by saying Europe’s position was that any international regulation should not lead to overall substantial increases in capital requirements for European Banks._ *Maithreyi Seetharam… READ MORE : http://www.euronews.com/2016/12/13/how-do-europes-new-banking-regulation-proposals-change-international-agreements What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 262 euronews (in English)
Five years into the Great Recession, discussion and political fights continue about the right approach to international banking supervision. How to avert the next financial crisis or at the very least lessen its damage? Given the topic's importance, surprising little research exists on the two institutions that actually set banking standards in practice: the Basel Committee and the International Swaps and Derivatives Association (ISDA) operate at the heart of the system, setting capital requirements and standardizing derivative contracts. Janine Wedel, Professor in the School of Public Policy at George Mason University, sets out to fill this gap. Her research takes an anthropological approach to examine the inner workings of these critical institutions. Through fieldwork and interviews, she paints a picture of informal practices and social networks that permeate international finance -- an investigation into how real banking regulation is done.
Views: 2316 New Economic Thinking
This video continues where the first one left off and goes further to cover the Banking Regulation Act. The basic features of the act have been discussed with a quick review at the end. Downloadable notes for the same content will be available shortly at bankersnotes.wordpress.com
Views: 49192 Project Drona
Crises trigger the adaptation processes. Crises are motherof reforms. Christoph Ohler tours us through the Financial crisis (2007- 2009) and debt crisis (2010 – 2013) and details the best way to balance public and private interests. Christoph Ohler graduated in law from the University of Bayreuth and the College of Europe in Bruges. His PhD in European law he received at the University of Bayreuth. After working as an associate in an international law firm in Frankfurt/Main he became a research assistant at the Universities of Passau, Bayreuth and Munich. Since 2006 he holds a chair in public law, European law, public international law and international economic law at the Friedrich-Schiller University of Jena. From 2008 to 2014 he was the spokesperson of the interdisciplinary graduate program „Global Financial Markets“. He publishes extensively on German and European constitutional law and the regulation of financial markets in international and European law. „Banking Supervision and Monetary Policy in EMU” is his most recent book. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 5013 TEDx Talks
This presentation aims to provide an introduction to some of the top regulations primarily in the UK, their scope and impact, specifically in terms of systems and data. Follow us on Linkedin - http://goo.gl/19dv9y Follow us on Twitter - http://goo.gl/bAQeHR InforMeta Consulting provides Information Analysis and Consulting Services on large risk and business transformation programmes. We specialise in the financial sector with a focus on data and regulatory compliance.
Views: 325 Informeta Consulting Limited
In April 2013 the Prudential Regulation Authority (PRA), as part of the Bank of England, became the United Kingdom's prudential regulator for banks, building societies, credit unions, insurers and major investment firms. http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/n12prerelease.aspx
Views: 16262 Bank of England
Learn more at: http://www.business.rutgers.edu/rfic Rutgers Financial Institutions Center -- An Independent Forum for Debate & Research The Center marshals the intellectual resources of the region in examining the relevant issues facing the industry. Accordingly, the Center exists to promote research on financial institutions and to act as a Think Tank and Interface between the following four constituencies: · Practicing Professionals · Regulators · Academia (professors and PhD students) · Students
The FCA is one of the UK's two financial regulators, working alongside the Prudential Regulation Authority (PRA). Its aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers. In 2013, it replaced the Financial Services Authority. The FCA supervises the conduct of over 50,000 firms, and regulate the prudential standards of those firms not covered by the Prudential Regulation Authority. Watch the review of the FCA's first year in business https://www.youtube.com/watch?v=E6Zv0YEI7lo Find out more about the FCA http://fca.org.uk/about Follow the FCA on social media: Twitter https://twitter.com/thefca LinkedIn http://www.linkedin.com/company/financial-conduct-authority
Views: 23314 The FCA
Commissioner Borg debates horsemeat scandal with MEPs, capping bankers' bonuses, and leaders of EU institutions discuss 2014-2020 budget in Dublin. Comment on European Parliament Facebook page: http://www.facebook.com/europeanparliament EuroparlTV video ID: 9e1fb673-5f69-41a6-a934-a1730133b341
Views: 135 European Parliament
Finance ministers of the 28 EU countries reach agreement… READ MORE : http://www.euronews.com/2018/05/25/eu-agrees-on-new-banking-regulations What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 1375 euronews (in English)
Are the rules and regulations in the US too much and too conservative? Is US banking industry at a disadvantaged position among the international peers due to the the regulations? Are there still investment opportunities in US banking industry? Watch the interview hosted by Jackie Pang of Hong Kong Phoenix TV, and Mr. Martin Friedman, Co-Founder of FJ Capitial Management. The interview starts at 1'4" time line.
Views: 57 JZ P
Bank Regulation, Too Big To Fail, and Liquidity, Session 6 MODERATOR: Peter Eavis, Reporter, The New York Times SPEAKERS: 1:40 Edward Kane, Professor of Finance, Boston College PowerPoint presentation in PDF http://www.levyinstitute.org/conferences/minsky2016/kane_s6.pdf 28:18 Walker F. Todd, Trustee, American Institute for Economic Research 59:10 L. Randall Wray, Senior Scholar, Levy Institute; Professor of Economics, Bard College PowerPoint presentation in PDF http://www.levyinstitute.org/conferences/minsky2016/wray_s6.pdf 1:32:59 Q&A 25th Annual Hyman P. Minsky Conference on the State of the US and World Economies Will the Global Economic Environment Constrain US Growth and Employment? Organized by the Levy Economics Institute of Bard College with support from the Ford Foundation Levy Economics Institute of Bard College Blithewood Annandale-on-Hudson, New York 12504 April 12–13, 2016 The 2016 Minsky Conference will address whether what appears to be a global economic slowdown will jeopardize the implementation and efficiency of Dodd-Frank regulatory reforms, the transition of monetary policy away from zero interest rates, and the “new” normal of fiscal policy, as well as the use of fiscal policies aimed at achieving sustainable growth and full employment. Is economic policy leading to another Minsky moment? For the participants list, presentation materials, and audio, visit http://www.levyinstitute.org/conferences/minsky2016/
Views: 488 Levy Economics Institute
David Allgood, Executive Vice-President & General Counsel, Royal Bank of Canada discusses the importance of compliance as an integral element of the bank's culture.
Views: 742 Osler, Hoskin & Harcourt LLP
In this one hour session, thought leaders from Bank of the West, Barclays, and Capco shed light on what the pressing needs are for financial institutions. Constant change from a regulatory perspective. They explored emerging trends in bank technology around transparency, including visibility into bank products and systems and the stringent regulatory landscape. Ultimately they address fundamental issues such as: is regulation simply the cost of doing business, or a driving force for positive change? What are the highest priority regulatory items in banking today? In an era of greater transparency and ongoing regulatory constraints, what does the future hold for banking? For more information, visit https://zafin.com
Views: 130 zafinglobal
https://www.ft-live.com/banking 26th November 2014, London Ahead of the FT Banking Summit, FT financial editor Patrick Jenkins, financial policy correspondent Sam Fleming and The Banker editor Brian Caplen discuss pressures on banking profits, regulation and the non-bank sector.
Views: 265 Financial Times Live
- Wim Mijs, chief executive of the EBF - Christian Clausen, EBF President 2011-2014 and CEO of Nordea Bank - Frederic Oudea, CEO of Societe Generale and EBF President from 2015. The annual conference of the European Banking Federation is a landmark Brussels event discussing key developments in the European banking sector. The conference brings together chief executives from leading European banks with EU-level regulators, policy-makers, and other stakeholders in Europe’s economy at large. Under the title ‘Banking for the Future’, the 2014 EBF conference will take stock of recent developments in banking regulation, including Banking Union. The list of topics to be addressed includes the comprehensive assessment, the launch of the new single supervisory mechanism, new measures to encourage economic growth in Europe and innovations in the field of digital banking and customer interaction that are changing traditional business models.
Views: 739 European Banking Federation
FRBSF Banking Supervision Director Paul Sternhagen discusses the ways regulators think about bank capital levels and risk, and the move to stress testing following the financial crisis. (part 1 of 4) Filmed live during the 2014 Meet the Experts speaker series in San Francisco, California on August 15, 2014. This video is part of Economics in Person (EiP), a video series that brings the expertise of Federal Reserve Bank of San Francisco (FRBSF) economists directly to you. Access the full EiP series here: http://www.frbsf.org/education/teacher-resources/economics-in-person.
Views: 4006 SF Fed EconEd
This module examines the principles that underpin banking regulation and several aspects of banking business in relation to the retail customer. Students will look at international and EU bank regulation, at the structures of regulation in different jurisdictions and, in particular, at bank regulation in the UK. The module will also deal with the relationship between banks and customers in English Law, examining the rights and obligations of the parties before moving on to principles of the law of payment.
Views: 3760 UCL LAWS
In 2014, you told the Canadian Senate to hold off on regulating cryptocurrencies for five years. What would you say to them now and do you see any new restrictions or regulations regarding bitcoin coming in the next 6 months? How would the Cryptocurrency Tax Fairness Act (HR-3708) affect capital gains reporting? Most regulations in the next six months will probably focus on ICOs and whether they fall under securities law. Custodial services which hold money on behalf of others may also face more scrutiny on a state-by-state basis in the United States. I don't believe in KYC/AML regulations. More and more interactions will move to decentralised exchanges; destroying the on- and off-ramps will just encourage people to stay in the cryptocurrency economy. Boycotting a technology or industry that is rapidly evolving is not a good idea. https://coincenter.org/link/the-cryptocurrency-tax-fairness-act-was-offered-as-amendment-to-the-house-tax-reform-bill-last-night-in-congress My testimony to the Canadian Senate: https://youtu.be/GP_eT6E4os8 The first question is from the patron-only live Q&A which took place on November 27th 2017. The second question is from the patron-only live Q&A which took place on January 27th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: Bitcoin, Payment Security, and Consumer Protection - https://youtu.be/qMkGfB8X58o Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8 Worse Than Useless: Financial Surveillance - https://youtu.be/n4F-h4xuXMk Blockchain vs. Bullshit - https://youtu.be/SMEOKDVXlUo Fake News, Fake Money - https://youtu.be/i_wOEL6dprg Bitcoin and the Banks - Five Stages of Grief - https://youtu.be/43Ucj6_Erb0 The Currency Wars and Bitcoin's Neutrality - https://youtu.be/Bu5Mtvy97-4 Investing in Education Instead of Speculation - https://youtu.be/6uXAbJQoZlE Hot vs. cold wallets - https://youtu.be/Aji_E9sw0AE How do I choose a wallet? - https://youtu.be/tN6b62sEpsY Decentralized exchanges and counterparty risk - https://youtu.be/hi_jaw0dT9M Atomic swaps - https://youtu.be/fNFBA2UmUmg My response to Jamie Dimon - https://youtu.be/1dEcdGc0tIo Why developers are leaving banks - https://youtu.be/GqOZ4IAQ-xQ Borderless money - https://youtu.be/EZh1-ZqffOw Alternatives to centralised exchanges - https://youtu.be/3jmeJjhH84s HODLing and the "get free" scheme - https://youtu.be/MhOwmsW1YNI Could governments take over exchanges? - https://youtu.be/9PrJQeKl9w4 CME Bitcoin Reference Rate - https://youtu.be/RVwNMI0NWT0 Futures markets - https://youtu.be/vGz22l1FZEM Coinbase vs. the IRS - https://youtu.be/YQJk-5ZYmoM Decentralized power, leaderless governance -https://youtu.be/E5VbDlQTPzU The revolution in trust - https://youtu.be/iWfpxB3HZOY Separation of money and state - https://youtu.be/jGmtRA9S7_Y Price volatility, pegging, stability - https://youtu.be/9KPyflyHP6s Wealth distribution statistics - https://youtu.be/X2Qsz4eaSPY From barter to abstract money - https://youtu.be/KYsppZoHguQ Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0 The token ICO explosion - https://youtu.be/vdaW8NtJXuQ ICOs and financial regulation - https://youtu.be/Plu_WX3Gs8E ICOs and responsible investment - https://youtu.be/C8UdbvrWyvg ICOs, disruption, and self-regulation - https://youtu.be/yfjgcI8xX3A ICOs and pyramid schemes - https://youtu.be/8HYWWP1QU7Q Scams, gambling, and regulation https://youtu.be/fTI88YrN1UE Ethereum, ICOs, and Rocket Science - https://youtu.be/OWI5-AVndgk Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 43397 aantonop
http://goo.gl/b5EPko We've seen Goldman Sachs beat market expectations this earnings season with a five percent profit rise and higher revenues from lending and investing. Although other banks, JP Morgan for example, saw mixed results, it can be argued that the bankers are back after six years of recovery from the global banking crisis.Morningstar analyst Jim Sinegal has been reading between the lines of the latest results from some of the largest US banks and financial companies. The overall themes are regulation, rates and real estate. Jim points out that; "On the regulatory front, it continues to cost banks a lot of money. We saw JP Morgan invest a lot in internal controls. It seems that Deutsche Bank has been providing faulty data to regulators for a number of years, and Discover, now is having trouble with bank secrecy and money laundering. So expenses related to increased regulation are not going anywhere". As for rates, Jim injects a note of caution: " I'm a little less optimistic. We have the most dovish Fed chair in a long time. It looks like she's willing to keep monetary stimulus going as long as it takes to get the economy back to normal, and it's not so much that will only benefit banks. It's hurting them on the interest revenue side, on the lending side of the business, but it's helping in terms of asset management, MA, and things like that." The overall assessment is that the new world of banking is costing more as financial companies continue to emerge from the trauma of the global economic crisis.
Views: 32 Saxo Bank and TradingFloor.com
This video begins the explanation of the Legal Framework of the Indian Banking System. First in the Legal Series which intends to elucidate the legal concepts of Banking and other financial setups in India from the point of view of being a handy concept builder for working professionals. The best way to learn this, might we suggest, is on-the-go, using the Youtube app. The times you spend traveling etc. On demand, we are also willing to provide downloadable audio only podcasts for listening on the go, or when you are getting ready for work.
Views: 38020 Project Drona
This video is part of an online learning programme on the UK's financial regulation for banks. It has been developed by Learning Construct (www.learningconstruct.eu). The video describes the background to the introduction of the UK's current financial regulatory regime and how the previous 'Tripartite' system came unstuck and its 'light-touch' regulation helped trigger the financial crash of 2007. The video forms part of the Learning Construct online training course: The UK's Financial Regulatory Regime Deconstructed.
Views: 779 Learning Construct
Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929. But how did it all go so wrong? Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place. Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced "light touch regulation" - giving bankers a free hand in the marketplace. Meltdown moves on to examine the epidemic of fear that caused the world's banks to stop lending and how the people began their fight back. Finally, it asks how the world can prepare for the next crisis even as it recognises that this one is far from over. We hear about the sheikh who says the crash never happened; a Wall Street king charged with fraud; a congresswoman who wants to jail the bankers; and the world leaders who want a re-think of capitalism. http://www.RebelMystic.com
Views: 2009369 Rebel Mystic
Regulators Study Visit Why regulate Digital Financial Services? What does it bring for users and providers in least developed countries? United Nations Capital Development Fund’s (UNCDF) program Mobile Money for the Poor (MM4P), convened a study visit from 10-14 November 2014 in Tanzania for regulators, as part of its efforts to assist in developing regulation for the establishment and/or expansion of Digital Financial Services (DFS) in Least Developed Countries (LDCs). Regulators from Burundi, Ghana, Ethiopia, Lao, Nepal, Uganda and Zambia, visited Tanzania on this study visit organized by MM4P. The study visit was made possible thanks to the kind collaboration and cooperation of the Bank of Tanzania, IFC, Finscope Africa, Tigo, Vodacom, Access Bank and Finca. For more information about the programme MM4P, please visit www.uncdf.org/mm4p (Video Music Copyright: Mercurial Temperment - Killer Tracks - Christian Telford)
Views: 447 UN Capital Development Fund
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Views: 32 GalileoTVideos
Filmed at NIESR’s Annual Finance conference "Financial regulation - are we reaching an efficient outcome?” Produced by Econ Films
The panel on Redefining Banking – Regulatory and Economic Challenges at the Frankfurt Finance Summit 2016 addressed the following topics: - What kind of finance industry does Europe want? - Capital market union – state of the affairs - Long-term financing and refinancing revised - Increasing procyclicality as a result of regulation - The role of insurance and pension funds in substituting bank balance sheets Participants: - Prof. Dr. Uwe Stegemann, Director, McKinsey & Company, Inc. - Gabriel Bernardino, Chair, European Insurance and Occupational Pensions Authority - Andrea Enria, Chair, European Banking Authority - Felix Hufeld, President, Federal Financial Supervisory Authority (Bafin) - Benoît de Juvigny, Secretary General, Autorité des Marchés Financiers - Sylvie Matherat, Member of the Management Board, Deutsche Bank AG - Frank Westhoff, Member of the Board of Managing Directors, DZ BANK AG
Views: 311 Frankfurt Main Finance e.V.
The European Central Bank is preparing to take on new banking supervision tasks as part of a Single Supervisory Mechanism (SSM). The SSM will create a new system of financial supervision comprising the ECB and the national competent authorities of participating EU countries. The main aims of the SSM will be to ensure the safety and soundness of the European banking system and to increase financial integration and stability in Europe.
Views: 44745 European Central Bank
Ghiyazuddin A. Mohammad, Manager – Digital Financial Services at Microsave, talks about the changing regulatory environment for digital financial services (DFS) / branchless banking in Indonesia. Regulators have played a critical role in achieving the objective of financial inclusion in Indonesia. OJK (Otoritas Jasa Keuangan), the newly created financial services authority to regulate and supervise financial services activities in banks/financial institutions, issued branchless banking regulations in the last quarter of 2014. In this podcast, Ghiyaz talks about enabling and restrictive clauses of the regulation.
Views: 1566 MicroSave
https://www.ft-live.com/banking 26th November 2014 As banking industry executives and regulators gathered at the FT Banking Summit in London, Martin Arnold, FT banking editor, reports on banks’ growth and profitability in the emerging regulatory environment.
Views: 446 Financial Times Live
With the publication of FTI Consulting's paper on banking reforms Volcker, Vickers, Liikanen: Structural reforms of the banking sector -- Quo Vadit Europa?, FTI Consulting Bussels' head of Financial Services Hans Hack sketches some of the key issues and challenges in this short video.
Views: 428 FTI Consulting Brussels
Zachary Courser, an adjunct analyst for the Competitive Enterprise Institute and a Ph.D. candidate at the University of Virginia, challenges Ed Yingling of the American Bankers Association over whether Wal-Mart should be allowed to operate and Industrial Loan Company (ILC). Taped 1/19/2006.
Views: 558 Zachary C. Courser
TRANSCRIPT AND RESOURCES: http://www.corbettreport.com/federalreserve What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.
Views: 1808546 corbettreport
Shadow banking is both a boon and a bane for countries, and to reap its benefits, policymakers should minimize the risks it poses to the overall financial system. Shadow banks act similarly to regular banks by taking money from investors and lending it to borrowers, but are not governed by the same rules or supervised. Shadow banks can include financial institutions such as money market mutual funds, hedge funds, finance companies, and broker/dealers, among others. The IMF's latest Global Financial Stability Report analyzes the growth in shadow banking in recent years in both advanced and emerging market economies and the risks involved. The report found that the same factors often seem to drive the growth of shadow banking across countries. Shadow banking tends to take off when strict banking regulations are in place, which leads to circumvention of regulations. It also grows when real interest rates and yield spreads are low and investors are searching for higher returns, and when there is a large institutional demand for 'safe assets,' for example from insurance companies and pension funds. "In terms of the size of shadow banking system around the world, it's roughly estimated over 70 trillion dollars. So, it's quite large," says Gaston Gelos, chief of the Global Financial Analysis Division at the IMF. Shadow banking can be beneficial. It broadens access to credit, especially in emerging market economies, where traditional banking networks often face capacity or regulatory constraints, such as restrictions on lending or on interest rates. The IMF's report calls for countries to monitor shadow banking as part of their policies designed to keep the overall financial system safe. To assess risks properly, both supervisory authorities and statistical agencies need to provide much more detailed data on shadow banking. "Shadow banking is usually not shady but it still often operates in the shadows, in the sense that we lack data about it. An international effort through the Financial Stability Board is making some encouraging progress in data collection. Still, we are worried about what we do not know," Gelos said. The other chapter of the latest Global Financial Stability Report analyzes the excessive risk taking by banks that contributed to the global financial crisis, and proposes reforms to help prevent future abuses given the huge costs to society, both economic and social. The IMF analysis provides new research into the role of governance and executive pay. This research is necessary to help shape the reforms to strengthen regulations, realign incentives, and foster stronger risk management and oversight in banks. The report studies the association between risk taking, governance, and executive pay based on a large sample of banks around the world. "In our analysis we find that one of the strongest links is between board independence and lower risk taking. In addition, although the level of compensation is not consistently associated with the degree of risk taking, its composition is: a larger share of long-term pay for CEOs is related to lower risk in banks. The existence of risk committees is also associated with lower risk taking," Gelos said.
Views: 367 Nizar Abboud
Banks are back on their feet ands competition is everywhere - so say Michael Stoler's guests from the banking industry. So where will the banking world be in 2014? Some are expecting a really tough year: regulations, rising interest rates; all continue to see purchases by out of country buyers. Panel: Jason Pendergist, Head, Commercial Term Lending, East, JP Morgan Chase; Matthew Galligan, President -- CIT Real Estate Finance, CIT; Michael Slocum, President, Commercial Banking, Capital One Bank; Richard Ehst, President, Customers Bank. (Taped: 12-03-2013) The Stoler Report, Real Estate Trends in the Tri-State Region, New York's only television broadcast featuring real estate and business leaders, began its first season on television and on CUNY TV in September, 2003 (the series has enjoyed two previous seasons on radio.) Hosted by Michael R. Stoler, the weekly program features lively round-table discussions of topical issues in the world of real estate. Watch more at http://www.cuny.tv/show/stolerreport
Views: 643 cunytv75