Sai Sireesh: Stress Testing – Measuring Systemic Risk Across the Globe

Last year, the European Union was exploring a Systemic Risk Council to better manage risks. A small, but significant step towards a consolidated EU Systemic Risk management is the recent round of Stress Tests in EU. As we know, the American banks underwent a similar stress testing exercise early in 2009. Ten of 19 large US banks were…

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Jeff Jinnett: Dodd-Frank Act – The Devil’s in the Details and Fasten Your Seatbelts

Now that the Restoring American Financial Stability Act of 2010 (the Dodd-Frank legislation or “the Act”) is about to be enacted into law, the question is: what happens next? At a length of approximately 2,300 pages, one might assume the Act contains detailed rules on the reforms the U.S. Congress believes must be imposed on…

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