Banks and their regulations just got tougher. Basel Accord has always been a matter of debates amongst countries. Bank of International Settlements (BIS) BIS controls the capital adequacy ratios in banks and encourages reserve transparency.The BIS sets “requirements on two categories of capital,tier one capital and total capital.The United States of America in 2006, favored strong strict central controls in the spirit of the original 1988 accords, while the EU was more inclined to a distributed system managed collectively with a committee able to approve some exceptions. 641 more words
Tags » World Economy
Ontario Teachers’ Pension Plan, the largest pension manager in Canada’s most populous province, is partnering with GE Aviation and the Japanese government to finance an engine for Boeing Co.’s newest airliner. 11 more words
TOKYO – Asian shares were supported on Tuesday after Wall Street stocks extended gains into a fifth day, though investors continued to see tensions in Ukraine as a threat to risk appetite. 421 more words
It was an interesting week in respect of leverage, when one recalls that the 1998 market swoon was accompanied by the LTCM “black-box” collapse, leveraged at 5 times and the 2007/09 market rout which saw the demise of Lehman Bros bank, leveraged 30 X. 201 more words
NEW YORK – Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market’s recent weakness in the dust. 904 more words
Traveling to some of the most inspirational and life-changing places on this Earth is an impossibility to most Americans. And, it’s a problem.
In this world economy, it is essential that we allow employees the chance to better understand the world – not through YouTube or Twitter or travel shows on CNN, but through that stern, uncompromising teacher: … 986 more words