Monthly Archives: July 2010

Gallery

Commentary: Repos must be reformed

This gallery contains 1 photos.

The repurchase market must be reformed, say two New York University professors and leading analysts of the financial crisis of 2007-2008. “Although one of the main concerns of the Dodd-Frank Wall Street Reform and Consumer Protection Act soon to be signed by … Continue reading

Advertisement

Gallery

To assess risk, regulators need more data

This gallery contains 1 photos.

To assess the extent of systemic risk in the financial markets, regulators should collect the information below from all participants, aggregate it into reports and make those reports public, perhaps on a web site. This is the July 16, 2010, suggestion … Continue reading

Gallery

European repo dealers endorse repurchase market

This gallery contains 2 photos.

The European Repo Council, which draws its members from the European repo dealer community, has published a ringing endorsement of the repurchase market. Even though the panic of 2007 and 2008 occurred mainly on the repurchase market, the council says … Continue reading

Gallery

How to stop the next run on shadow banking

This gallery contains 1 photos.

The Richmond Federal Reserve Bank has published a review of the financial crisis of 2007 and 2008 that relies heavily on Yale economist Gary Gorton’s view that the heart of the crisis was a run on the repurchase market. “The … Continue reading

Gallery

Capital regulations said to fuel 2007-08 crisis

German economist Martin Hellwig says faulty capital regulations played a key role in the financial crisis of 2007-08 and recent proposals to improve them, by international banking regulators in Basel, Switzerland, fall far short of the reform needed. He recommends … Continue reading