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Showing results 1 to 10 of approximately 15.
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Speech
Managing crises without government guarantees—how do we get there?
Remarks at Banking Law Symposium 2011, Paris, France.
Report
Resolving troubled systemically important cross-border financial institutions: is a new corporate organizational form required?
This paper explores the advantages of a new financial charter for large, complex, internationally active financial institutions that would address the corporate governance challenges of such organizations, including incentive problems in risk decisions and the complicated corporate and regulatory structures that impede cross-border resolutions. The charter envisions a single entity with broad powers in which the extent and timing of compensation are tied to financial results, senior managers and risk takers form a new risk-bearing stakeholder class, and a home-country-based resolution regime ...
Journal Article
The challenges of risk management in diversified financial companies
In recent years, financial institutions and their supervisors have placed increased emphasis on the importance of measuring and managing risk on a firmwide basis?a coordinated process referred to as consolidated risk management. Although the benefits of this type of risk management are widely acknowledged, few if any financial firms have fully developed systems in place today, suggesting that significant obstacles have led them to manage risk in a more segmented fashion. In this article, the authors examine the economic rationale behind consolidated risk management. Their goal is to detail ...
Journal Article
The economics of securitization
Speech
Enhancing payment system speed, efficiency and security
Keynote remarks at the TCH Annual Payments Symposium and Business Meeting, New York City.
Conference Paper
Remarks
Speech
Remarks on early intervention and resolution
Transatlantic Corporate Governance Dialogue, Brussels, Belgium.
Speech
Macro overview of the United States
Remarks at the European Economics and Financial Centre, London, England.
Speech
Remarks at the celebration of the 10th anniversary of CLS
Comments at the 10th Anniversary of CLS, New York City.