Harsh but true words on Greece, the Euro
Greece is the canary. Europe is the coal mine. One voice calling it yellow and black.
-
Read more: Harsh but true words on Greece, the Euro
-
SAM and Basel III deadlines
Read more: SAM and Basel III deadlinesSeems like the SARB is requiring South African banks to adopt Basel III (or the tweaks to Basel II that people are calling Basel III) in line with international developments. Meanwhile, it seems the FSB is still committed to a 2014 deadline for SAM. Given the range and size of stumbling blocks still to be…
-
Nearer the edge than ever before
Read more: Nearer the edge than ever beforeGreat piece outlining the very real, very possible and very very awful possibilities and implications of Italian default. I wouldn’t want anything to do with any bank that has much at all to do with European banks or European sovereign debt. The old South African Rand is seeming like a safer relative bet than at…
-
banking, complexity, credit risk, currency risk, economics, financial risk, insight, investments, market risk, measurement, valuation
Greek default?
Read more: Greek default?So European politicians have more or less agreed a deal which may, more or less, push some of their problems to one side for a period. Yes, I’m not madly optimistic about this as a cure-all. Â This is not the end of the Euro problems. Part of the deal is a “50% loss for private…
-
Regulations and technology vs ideals
Read more: Regulations and technology vs idealsBanks are threatening to pull out of the Financial Services Charter, apparently due to impracticalities of complying given international regulatory developments one of the one hand and the irrelevance of complying through the advances of technology on the other.
-
banking, capital, credit risk, currency risk, economics, Emerging Markets, financial risk, insight, news
Swazi King not sure he wants the conditions attached to the loan
Read more: Swazi King not sure he wants the conditions attached to the loanThis is really fantastic news. Â The Swazi King is apparently reluctant to accept the loan from South Africa because of the conditions imposed in the agreement. I was quite harsh in criticising the granting of the loan with only conditions for improvement far down the line. Â (I still believe the first condition should be an…
-
Greek probability of default to 98%
Read more: Greek probability of default to 98%Greek probability of default, under some models and assumptions, is at 98%, which is easily within the margin of error of 100% given only marginally different assumptions of Loss Given Default.
-
Bits of Krugman
Read more: Bits of KrugmanKrugman catches up with me on Bitcoins and comes to pretty much the same conclusions in fewer words. Hey, he’s been blogging and writing and talking about economics longer than I have so that’s ok. I haven’t seen the data myself, but he points to declining value of transacations as people hoard Bitcoins – exactly…
