Company News



ECB Working Paper: Rational Blinders Strategic Selection of Risk Models and Bank Capital Regulation

Many examples during the recent crisis revealed that the risk models used by financial institutions often made them blind to extreme risks. . .

http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1641.pdf



OPINION OF THE EUROPEAN CENTRAL BANK of 18 February 2014 on the macro-prudential oversight of the financial system

On 13 January 2014, the European Central Bank (ECB) received a request from the Polish Minister for Finance for an opinion on a draft law on the macro-prudential oversight of the national financial system (hereinafter the ‘draft law’). . .

http://www.ecb.europa.eu/ecb/legal/pdf/en_con_2014_18_f_sign.pdf



ECB Working Paper: DOES THE FEDERAL RESERVE STAFF STILL BEAT PRIVATE FORECASTERS?

The aim of this paper is to assess whether the findings of Romer and Romer (2000) on the superiority of staff forecasts are still valid today. . .

http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1635.pd



Barclays names audit chief Roemer as head of compliance

Barclays said its new head of compliance will be Mike Roemer, currently its head of internal audit, filling the role left vacant two months ago by the exit of former UK regulation chief Hector Sants. . .

http://www.reuters.com/article/2014/01/31/barclays-compliance-idUSL5N0L52O420140131



Banks in London Devise Way Around Europe’s Bonus Rules

A battle over banker bonuses is building in this financial capital.

Since the 2008 crisis, regulators around the world have tried to rein in bonuses, worried that big payouts encourage excessive risk-taking by bankers and traders. The European Union has gone further than most, limiting bankers to bonuses equal to one or two times their salaries. . .

http://dealbook.nytimes.com/2014/02/13/banks-in-london-devise-way-around-europes-bonus-rules/?_php=true&_type=blogs&_php=true&_type=blogs&module=BlogPost-Title&version=Blog%20Main&contentCollection=Investment%20Banking&action=Click&pgtype=Blogs&region=Body&_r=1