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