Viewpoints: Markets
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2010
Column: Reform Mustn't Come at Innovation's Expense
American Banker | Mar 18 Microcredit lending, securitization markets and, yes, even structured finance and trading activities are examples of financial innovations that can be harnessed for good, or squandered in fear.
Viewpoint: Regulatory Reform Is on Wrong Track
American Banker | Mar 9 Rather than limiting productive activities, we should be asking how to manage relationships among regulators, market participants and markets to restore successful results.
Viewpoint: Prepare for IFRS Now, Not Later
American Banker | Feb 11 Don't conclude from the current debate that IFRS will be delayed or abandoned. SEC action related to the road map is truly secondary to globalization.
Viewpoint: Liquidity Risk Still on Regulatory Radar
American Banker | Feb 10 While Basel proposals will not take effect for several years, regulators are already taking aggressive actions relating to liquidity risk policies and contingency funding plans.
Viewpoint: Tax Proposal Is as Bad as It Ever Was
American Banker | Jan 22 A transaction tax will reduce trading volume, because traders will trade less and the resulting reduction in market liquidity will have several negative effects.
Viewpoint: Don't Blame Crisis on Risk Models
American Banker | Jan 20 Blame for the financial crisis cannot legitimately be laid on the doorstep of the risk models. Models are designed to reflect reality and prepare us for anticipated future states of reality.
Viewpoint: Five Key Tasks to Make FDIC Loss-Sharing Work
American Banker | Jan 12 Shared-loss transactions let banks build market share or move into new markets with minimal risk. They also let PE players take advantage of current industry discontinuities.
2009
Viewpoint: Haircut? Secured Lenders Should Have to Pay Fees
American Banker | Dec 11 The FDIC should demand a fee, instead of imposing a haircut, equal to the deposit insurance premium that the FDIC charges for insuring deposits.
Viewpoint: Essentials of a Risk Management Revamp
American Banker | Dec 9 An overhaul of risk management will strengthen a bank's business portfolio and balance sheet and help it regain the trust of regulators, customers, investors and analysts.
Viewpoint: Let the Private Sector Fix Toxic Assets
American Banker | Dec 4 Overreliance on governmental programs to fix private market problems typically results in suboptimized solutions for the economy and taxpayers.
Viewpoint: Four Models to Produce Three Strong Years
American Banker | Dec 2 The performance of many banks today indicates that they are not within certain safe parameters — with an imbalance among deposits and loans, high leverage and large cost bases.
Stress Test Profile: Iberiabank Corp.
American Banker | Nov 20 Its recent purchase of failed banks and the possibility of future acquisitions of assets from FDIC bank resolutions make Iberiabank an emerging regional powerhouse.
Viewpoint: How Congress Can Get it Right on TBTF
American Banker | Nov 4 First, prevent institutions from reaching the "too big to fail" size and influence in the future, and second, achieve an orderly reduction in size and influence in the current TBTF institutions.
Viewpoint: Failure Resolution Plans Go Too Easy on Creditors
American Banker | Oct 30 Congress should require that all the secured creditor claims against a complex financial firm be convertible into equity to provide the funding to help support or save the firm from liquidation.
Viewpoint: A New Way to Foster Long-Term Investing
American Banker | Oct 23 Public-Private Partnerships involve the public tendering of the delivery and maintenance of public infrastructure for the long to very long term through the use of private-sector investment.
Viewpoint: Risk Management Overhaul Do's, Don'ts
American Banker | Oct 16 Effective risk management involves the board and senior management ensuring that a process is in place to assess, weigh and mitigate (or accept) known risks.
Viewpoint: Jets Fuel the Worst Deals
American Banker | Oct 9 The problem with corporate jets is simple: They do far more harm than good. And the harm they inflict has little to do with the direct dollars spent operating them.
Viewpoint: Don't Be Misled by Share Price Rebound
American Banker | Sep 16 Competing in the postcrisis environment requires focusing on maximizing the performance of existing assets rather than chasing market share or growth.
Viewpoint: Big Capital Requirements No Panacea
American Banker | Sep 9 Even appropriate capital regulation alone will not prevent another boom-bust cycle without also implementing sensible, forward-looking provisioning and sound risk measurement.
Viewpoint: GSE Loans to Mortgage Market Rescue
American Banker | Aug 28 Notably, the issuance of Ginnie Mae-guaranteed MBS, backed primarily by single-family mortgages, has been consistently trending upward for over a year and at record levels for the past few months.
Viewpoint: Target Reform at the Securitization Mess
American Banker | Aug 19 The key question is why existing market regulation failed to stop the securitization markets from imploding. To that end, there are three main culprits, one of which — the SEC.
Viewpoint: Don't Blame the Whole Mess on Basel II
American Banker | Aug 14 Basel II is far from perfect, but what's most wrong with it is that Basel I lasted far too long.
Viewpoint: Private Equity Benefit: Accountability
American Banker | Aug 7 Financial conglomerates such as the ones at the center of today's crisis are the very antithesis of the less complex and easier to govern organizations private equity ...
Viewpoint: Four Keys to Post-Crisis Performance Strength
American Banker | Jul 29 The banks that most effectively restore customer trust, reduce costs, embrace analytics, and integrate risk management will be the industry's high performers.
