Hints and tips:
...The FSA was abolished....
...After a hiatus working in other fields I’ve returned to a different investment landscape as an FSA Level II candidate, now with the amalgamation of ESG....
...If it isn’t, the broker doesn’t have to turn away a customer determined to trade, but they must tell the person the product isn’t appropriate, along with clear warnings about the risks involved....
...You don’t wait until a terrorist organisation grows and gets stronger and then try to do something: you should do something immediately.”...
...But, in a complex market, taking a fresh approach ensures customers remain confident, assets don’t walk out and regulators don’t walk in....
...“If the FSA hadn’t shown an ability to be flexible …there would have been disquiet.”...
...ii. Publish the basis on which the £1.5 billion capital shortfall has been determined. iii....
...Doesn’t sound too promising....
...And as Haldane pointed out in the same speech… Basel I – 30 pages Basel II – 347 pages Basel III – 616 pages As for the costs of the mistake, back to the FSA’s consultation: 4.15 Additionally, this...
...No wonder then that it only took until July 2009 to get the duct tape out, i.e. release “enhancements” to Basel II, commonly known as “Basel 2.5″....
...I’m frustrated I couldn’t make them more quickly.”...
...Last November, Coutts, banker to Queen Elizabeth II, was fined £6.3m for failing to explain sufficiently the risks associated with savings products linked to AIG, the failed US insurer, or to warn clients...
...Their shortcomings led millions of people into dire poverty and created a fertile environment for World War II....
...The FSA declined to comment. Additional reporting by Tanya Powley...
...over Solvency II rules....
...the FSA): Plus this tidbit on Basel II (which came into force at the start of 2008): Despite the considerable resources devoted to implementing Basel II at the FSA, at RBS and across the banking sector...
...Though one bank that doesn’t seem to have slowed their synthetic securitisation programme at all is Standard Chartered....
...t afford to pay more for it....
...I don’t see regulators giving the green light so easily to many more - even any more – MTFs in the future. If there is one message coming from Mifid II, it is: “Enough already with these platforms”....
...“We haven’t seen a true analysis of what the market effect will be following implementation.”...
...After all the downgrades aren’t huge....
...Like in BTTF II. (Oh, and any upcoming interest rate rises won’t help much either. Rather ironic, that.)...
...Naming names isn’t nice, but the big French and German banks come to mind instantaneously....
...But what if Basel III doesn’t even resolve the core issues of the banks? On paper, it should. The old rules, Basel II, were far weaker....
...Results of the impossible European Stress Tests Round II will be published next month....
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