Comments on: Regulators have to tackle flawed benchmarks http://blogs.reuters.com/breakingviews/2012/07/11/regulators-have-to-tackle-flawed-benchmarks/ Sun, 28 Apr 2013 15:49:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: PeterWarren http://blogs.reuters.com/breakingviews/2012/07/11/regulators-have-to-tackle-flawed-benchmarks/comment-page-1/#comment-10440 PeterWarren Sun, 15 Jul 2012 12:50:56 +0000 http://blogs.reuters.com/breakingviews/?p=12853#comment-10440 I would have reserves concerning the old or new BoE, BBA... being considered serious independent, sufficiently powerful regulators what with "naked" CDOs, CDS..., proposed leverage at 33?, SPIVs and other off-shore/off balance sheet entities... the current level of self-certification, the porosity of Chinese walls... and political tolerance if not complicity with the above practices... the tendency to announce QExs to cover losses due to serious error if not fraud... The words "genuine", "good faith", "regulation" are poor cousins indeed but we can always dream! I would have reserves concerning the old or new BoE, BBA… being considered serious independent, sufficiently powerful regulators what with “naked” CDOs, CDS…, proposed leverage at 33?, SPIVs and other off-shore/off balance sheet entities… the current level of self-certification, the porosity of Chinese walls… and political tolerance if not complicity with the above practices… the tendency to announce QExs to cover losses due to serious error if not fraud…
The words “genuine”, “good faith”, “regulation” are poor cousins indeed but we can always dream!

]]> By: DR9WX http://blogs.reuters.com/breakingviews/2012/07/11/regulators-have-to-tackle-flawed-benchmarks/comment-page-1/#comment-10386 DR9WX Wed, 11 Jul 2012 20:54:00 +0000 http://blogs.reuters.com/breakingviews/?p=12853#comment-10386 If self regulation must become a thing of the past we ought to be concerned that the BoE is to become the regulator for the banks. That is the ultimate in self regulation. Can we stop trying to centralise power please. If self regulation must become a thing of the past we ought to be concerned that the BoE is to become the regulator for the banks. That is the ultimate in self regulation.

Can we stop trying to centralise power please.

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