Company News



The ECB have issued a working paper on macro stress testing

You can read the full document at the link below.

 

http://www.ecb.europa.eu/pub/pdf/scpops/ecbocp152.pdf



BIS Paper: Liquidity regulation and the implementation of monetary policy

In addition to revamping existing rules for bank capital, Basel III introduces a new global framework for liquidity regulation. One part of this framework is the liquidity coverage ratio (LCR), which requires banks to hold sufficient high-quality liquid assets to survive a 30-day period of market stress. . .

 

http://www.bis.org/publ/work432.htm



JPMorgan CEO Dimon said stepped down as chairman of main bank subsidiary

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon stepped down as chairman of the lender’s main bank subsidiary at the start of July, according to a person briefed on the move.

http://www.bloomberg.com/news/2013-10-04/jpmorgan-s-dimon-said-to-relinquish-chairman-role-at-bank-unit.html



Moody’s CEO: US default ‘extremely unlikely’

The CEO of Moody’s ruled out the chance of a U.S. government default, even if an agreement over raising the debt ceiling is not achieved by October. . .

http://hereisthecity.com/2013/10/07/moodys-ceo-us-default-extremely-unlikely/



Mizuho Takes Steps to Improve Compliance After Crime-Group Loans

Mizuho Financial Group Inc. (8411)’s banking unit set up an internal committee and will assemble a panel of outside experts to improve compliance after it failed to act on loans made to crime groups. . .

http://www.bloomberg.com/news/2013-10-04/mizuho-takes-steps-to-improve-compliance-after-crime-group-loans.html