Banks deemed to be too-big-to-fail should hold more capital reserves to protect against operational risks, such as rogue traders, regulatory fines and fraudulent employees, the Financial Stability Board said.
The MF Global debacle rocked the futures industry and its full impact is yet to be felt. We talked to some industry veterans regarding the fallout of MF Global in the industry and its regulatory processes. Here is what they had to say.
Speaking at the American Banker Regulatory Symposium, Under Secretary for Domestic Finance Mary Miller reflected on what the country experienced as it went through the 2008 financial crisis and how it is emerging from it now.