When Lehman Brothers faced collapse, pressing margin calls and the lack of liquidity exposed the interdependencies and weaknesses of the financial markets and sparked the Global Financial Crisis (GFC) …
Continue readingNew CPSS IOSCO Principles are leaving nothing to chance
The infamous largest passenger liner of its time, the RMS Titanic, promised the world it would not sink and yet its powerful design still was no match for the iceberg that sent it to its underwater grave. Similarly, there were those financial entities who claimed that they were too large to fail …
Continue readingCompanies need to ready themselves for LEI’s March 2013 deadline
The Financial Stability Board wants a universal Legal Entity Identifiers (LEI) system to start operating by the end of 2012, and on a self-standing basis by March 2013. The LEI is designed to create and apply a single universal standard identifier to any organisation or firm involved in a financial transaction internationally …
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