International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Thursday, August 21, 2014

Too Little Bank Reform

About1In a recent commentary in the Independent, "Bank of England’s Governor, Mark Carney (in his capacity as chairman of the Financial Stability Board), the Senior Supervisor’s Group reported: 'Firms’ progress toward consistent, timely and accurate reporting of top counterparty exposures fails to meet supervisory expectations as well as industry self-identified best practices.'"  The British are still worried about counterparty risk.  The comment points to Japan stating, "For example, the Bank of Japan has manoeuvred its bond market to a point where bond futures no longer trade. Its interventions have distorted free-market pricing mechanisms to the point where price discovery is non-existent and risk is virtually impossible  to quantify."

https://lawprofessors.typepad.com/intfinlaw/2014/08/too-little-bank-reform.html

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