Spotlight falls on London commodity regulation

July 9, 2009

– John Kemp is a Reuters columnist. The views expressed are his own – 

Hybrids securities come home to roost

July 7, 2009

It’s not just consumer and real estate loans that have wreaked havoc on the banking system, but another favorite financial product championed by big banks during the boom years: hybrid securities.

When derivatives go bad

July 2, 2009

THUD! That’s the sound a busted derivative trade makes when it lands at the courthouse steps.

The DIY way to track derivatives

July 1, 2009

With all the talk about greater regulation of derivatives, there already is one way for average investors to get a glimpse into this murky world of high finance–although calling it a glimpse might be overstating things.

How to restore trust in money market funds

June 29, 2009

If the idea of having precious cash tied up brings back dark memories of the sudden clamping down of billions of dollars of funds during the credit crisis, you’re not alone.

Reforming money markets – it’s about time

June 25, 2009

The New York Times has a nice piece on SEC musings on money market reform given the run on this $3.7 trillion market after Lehman Brothers’ spectacular failure. It’s about time considering how vulnerable these funds became to market excesses during the boom. But it doesn’t look like the proposed reforms go far enough considering that most people park their money there so they can get it out quickly if needed.

Regulation as will and idea

June 18, 2009

It is somewhat strange that a disgraced elected official has now repositioned himself as an expert commentator on financial regulation, but that is exactly what Eliot Spitzer, the former New York governor, has done.  His most compelling article for Slate to date is a critical look at the Obama administration’s proposed financial overhaul.

Mervyn King’s uncomfortable sermon for the City

June 18, 2009

Did Mervyn King miss his true vocation? Last night he compared the Bank of England to a church – with the Governor as the priest – as he took to the Mansion House pulpit to pour a rhetorical bucket of cold water over guests at the Lord Mayor’s banquet.

Just say no to CDOs

June 17, 2009

Enough of tinkering around the edges, it’s time for tough reform. The Obama Administration’s plan to overhaul the regulation of the financial system doesn’t go far enough when it comes to the securitization market — a source of credit that both it and Wall Street see as vital to the future of consumer and commercial lending.

Obama loves hedge funds

June 17, 2009

Matthew GoldsteinThe big winner in the Obama administration’s financial regulatory reform package is the beaten-up hedge fund industry.