Ross Parker » banking http://www.rossparker.com my personal homepage Thu, 29 Jul 2010 09:50:42 +0000 en hourly 1 http://wordpress.org/?v=3.0 Systemic risk http://www.rossparker.com/2010/07/26/systemic-risk/ http://www.rossparker.com/2010/07/26/systemic-risk/#comments Mon, 26 Jul 2010 09:24:31 +0000 Ross http://www.rossparker.com/?p=643

…private sector balance sheets will always fail at internalizing systemic risk. The official sector will always have to step in to help.

This is one of the conclusions of a New York Fed paper (PDF) on the shadow banking system, which provides a good overview and definition of the sector.

]]> http://www.rossparker.com/2010/07/26/systemic-risk/feed/ 0 An important floatation http://www.rossparker.com/2009/11/11/an-important-floatation/ http://www.rossparker.com/2009/11/11/an-important-floatation/#comments Wed, 11 Nov 2009 06:30:47 +0000 Ross http://www.rossparker.com/?p=452 No doubt there are more pressing problems in the world, but the other night some friends and I were grappling with what a hedge-fund manager of mutual acquaintance should call his new yacht, currently on order from Princess.

I suggested various epithets, from the funny to the lame (Bailout, Liquidity, Too Big to Sail, Floating Charge) but the winner was a banking friend, with the inspired Quantative Ease.

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