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6 Nov 2011, 5:37 pm
The U.S. has the capability of devaluing its currency simply by selling dollars abroad, but would be reluctant to devalue substantially because the dollar is the major international reserve currency (the currency used in international transactions between companies that don’t trust their local currencies), which creates a large demand by foreign central banks for U.S. dollars even when those dollars don’t buy U.S. goods, and so is a source of wealth for the United… [read post]
6 Nov 2011, 4:08 pm
Behold, the miracle of central planning! [read post]
6 Nov 2011, 1:14 pm
I challenge governments and central banks to take up the unfinished agenda. [read post]
6 Nov 2011, 12:05 pm
An FBAR is required under the Bank Secrecy Act (BSA). [read post]
6 Nov 2011, 6:54 am
The United States should ask banks that provide services of any kind to the Central Bank of Iran to cease doing so immediately. [read post]
3 Nov 2011, 9:12 pm
Finally, recent United States Supreme Court cases Rent-A-Center, West, Inc. v. [read post]
3 Nov 2011, 7:29 pm
The last FDIC-insured institution closed in the state was TierOne Bank, Lincoln, on June 4, 2010. [read post]
1 Nov 2011, 5:39 am
One of the central difficulties presented by Concepcion is how to distinguish the Discover Bank standard from this “parade of horribles. [read post]
31 Oct 2011, 9:07 am
It’s likely, though, that those price increases are due to the fact that central banks all over the world have been creating lots and lots of money, thereby threatening inflation and causing investors to hold their wealth in the form of commodities.) [read post]
30 Oct 2011, 7:40 am
In an interview with the Financial Times the day after the agreement, Li Daokui, a member of the central bank monetary policy committee, gave evidence of a real canniness. [read post]
28 Oct 2011, 11:26 am
But the task force also stated that the decision to start screening before age 50 should be an individual one. [read post]
28 Oct 2011, 7:08 am
JPMorgan Chase Bank, N.A., 2011 WL 5034663 (C.D. [read post]
27 Oct 2011, 11:34 am
Also, OTC derivative contracts should be reported to trade repositories and non-centrally cleared contracts should be subject to higher capital requirements. [read post]
27 Oct 2011, 4:58 am
" The Note then suggests the need to revisit the Bretton Woods agreement, the need for "a minimum, shared body of rules to manage the global financial market," an expansion of more nations into the G20, a central world bank, taxation on financial transactions, recapitization of banks with public funds, and segregation of "ordinary credit and Investment Banking. [read post]
26 Oct 2011, 12:03 pm
When the measure was approved, a local newspaper reported that the cards are so unreliable, they’re rejected by 22 of 32 Mexican states and no bank in Mexico recognizes them. [read post]
26 Oct 2011, 8:37 am
Last week Steve delivered the keynote address at a major conference of the European Central Bank on financial regulation in the EU, and his topic was finding a framework for regulating systemic risk (here at SSRN). [read post]
26 Oct 2011, 7:02 am
Bufford – a former United States Bankruptcy Judge in the Central District of California, where he served for twenty-five years and presided over nearly 100,000 cases. [read post]
International Banking and Finance Provide Grounds for Removal of State Court Action to Federal Court
26 Oct 2011, 3:00 am
There is multi-district litigation pending in the federal court in the Central District of California, but the multi-district rules do not appear to permit the transfer and consolidation of cases pending in state, as opposed to federal, court. [read post]
25 Oct 2011, 9:21 am
The Federal Reserve, the United States’ own central bank, already enjoys a blanket exemption from OTC derivatives regulation. [read post]
24 Oct 2011, 2:11 pm
The Bank of England’s Paul Tucker and the European Central Bank’s Peter Praet were both on message at conference on the future of clearing regulation in Brussels. [read post]