Sentences with phrase «financial system failure»
By some measures, it was the largest financial system failure ever experienced by a single nation.
http://www.canadianbusiness.com/ Not exact matches
Now, with the relatively recent string of primary dealer failures (Countrywide, Bear Stearns, Lehman, Merrill, and now MF Global), a rational observer might think the NY Fed had moved to beef up surveillance activities designed to protect the financial system from excessive risk taking at primary dealers.
«And even more importantly, a failure to promptly raise the debt ceiling, leading to a U.S. selective default, could seriously damage the global economy and financial system.»
Chuck Piola — top seller at NCO Financial Systems, a $ 3.9 - million collection agency in Blue Bell, Pa. (see «48 Hours with the King of Cold Calls,» June 1991), drew inspiration from the pages of How I Raised Myself from Failure to Success in Selling.
Tarullo has said he favors the sliding scale version of the surcharge that would rise according to the «expected impact» of a bank's failure on the financial system.
The housing bubble in the United States, which triggered the financial crisis in 2008, had highlighted the danger of using the financial system to make up for the failures in social policies.
Under the 2010 Dodd - Frank Act, which toughened financial regulations in an effort to avoid a repeat of the 2008 crisis, the oversight panel had the power to designate non-bank institutions such as AIG as systemically important financial institutions, meaning that their failure could pose a risk to the entire financial system.
Trust in the custodian is paramount: If you're buying gold as a hedge against a failure in the financial system, you must be confident that the custodian would not be impaired if a crisis were to happen.
My second point is one I alluded to but wanted to further underscore: just because a bank is not «systemically connected,» i.e., its failure does not threaten the larger financial system, doesn't mean it should be able to engage in excessively risky finance.
Unfortunately, Mr. Krugman's failure to see today's economic problem as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.
Calling out Ripple as a leader in applying blockchain and distributed financial technology to the basic failures of the cross-border payments system, Finextra quotes Marcus Treacher, Global Head of Strategic Accounts at Ripple.
The banks also would be excused from submitting plans called «living wills» that spell out how a bank would sell off assets or be liquidated in the event of failure so that it wouldn't create chaos in the financial system.
With no loans being made and the world's largest financial institutions under significant threat of failure, the global financial system was under threat of collapse.
Ensuring Failure: Financial System Stability and Deposit Insurance in Canada, Observation 36, by J.L.VCarr, G.F. Mathewson, and N.C. Quigley.
The country's biggest banks were captured by an international effort to apply levies on financial institutions whose failure would cripple domestic financial systems.
My reading of the episode is that the extraordinary financial events of September and October 2008 — several large financial failures, large - scale rescues of major institutions, enough incipient systemic concerns about banking systems to lead governments to issue guarantees, investor panic on share markets — were all observed in real time by households and businesses right around the world.
You believed — probably correctly — that its failure would damage the global financial system.
@myweightinwords: Lack of birth control, lack of education, failure of birth control, health issues, financial constraints and lack of support systems cause abortion.
Lack of birth control, lack of education, failure of birth control, health issues, financial constraints and lack of support systems cause abortion.
«It's already clear the FSA's investigation demonstrates systemic failures at the heart of the financial system at the time,» he said.
«The lack of proper accounting records and the failure to adequately monitor the financial status of each capital project is a significant weakness in the county's management system.»
By taxing the transactions that create greater risk of network failure, the tax, known as a Systemic Risk Tax (SRT), would essentially rewire the financial system into a more resilient form.
In the event of financial turmoil affecting the banking system and financial markets, additional consolidation of the financial services industry, or significant financial service institution failures, there could be tightening in the credit markets, low liquidity and extreme volatility in fixed income, credit, currency and equity markets.
In recognition of the continuing financial disparities among school districts and taxpayers along with the legislature's failure to address the elements of our standard AEF will continue its effort to improve our school finance system.
«The state's failure to create an effective financial oversight system is obvious, as Louisiana charter -LSB-...] Read More»
As the Defendant publishers and their physical book distribution systems get smaller and less profitable, competitors like Barnes & Noble teeter on the Borders of financial failure, and Apple becomes bored with an iBookstore whose marketplace it can not control by illegal means, Amazon's share of the total book trades market only grows, and grows, and grows.
This implies that the system, procedural and financial failure; tens of thousands of foreigners.
It is even good to allow failures of financial institutions, particularly risky ones at the fringe of the financial system for the same reason.
It is comfortable to discuss the failures of the government or school system in teaching proper financial etiquette, but at the end of the day the duty of securing your future falls to no one else but yourself.
With no loans being made and the world's largest financial institutions under significant threat of failure, the global financial system was under threat of collapse.
Never in the recent past has the world seen such a drastic failure in the financial system.
Clearly, the Federal Reserve felt that the failure of Bear Stearns presented systematic risk to the entire financial system and economy.
The increase in gold premiums in China over spot gold prices in recent months may indicate Chinese investor anxiety over the election of Donald Trump or coincidently growing nervousness within China over the fragility of its financial system that is being tested with failures in the shadow banking sector.
More broadly, the crisis in 2008 arose because Bernanke and then - Treasury Secretary Henry Paulson declined to step in to prevent Lehman Brothers» abrupt failure, which triggered intense fear across the financial system.
This one event, along with Bear Stearns around the same time, caused a tsunami of unprecedented failures in banking and other financial institutions, and led to a massive Federal intervention in the financial system.
To prevent AIG's failure from cascading through the global financial system, the U.S. Federal Reserve and the U.S. Treasury Department executed a $ 182 billion bailout of the insurer.
The example below is similar to the one I presented last year in You Can't Rescue the Financial System if You Can't Read a Balance Sheet, but makes allowance for the fact that assets continue to be impaired due to policy failures, and that deposit banks such as Citigroup use more bond financing than investment banks.
There's a significant problem when you are a supremely big and connected financial institution: your failure will have an impact on the financial system as a whole.
The whole show revolves around the notion of failure and bankruptcy in the financial system and the way the language of the corporate world is affecting our notion of faith and belief.
Such technological failures cause system downtime and give rise to serious financial costs.
Ultimately, Posner also predicts that the recent failures of the financial regulatory system (beginning with Enron and Worldcom, and continuing through the banking / mortgage crisis) may lead to wholesale reorganization, with the possible abolition of the SEC.
The Canadian Bar Association's British Columbia branch has hit out at the provincial government for its failure to increase financial support for the province's legal aid system in yesterday's budget.
Her previous experience includes regulatory investigations into firms and individuals for misconduct, including: mis - selling; market abuse; failures in financial crime systems and controls; failing to co-operate with the regulator; and complaints handling.
Failure to do so may result in significant financial penalties, with penalties divided into a four - tier system and ranging from $ 100 to $ 1,500,000.
Homes without «smart» technology can also benefit from this coverage: complex systems including geothermal or radiant heating can be specifically insured, transferring the financial risk of a system failure to your insurer and protecting your household's cash flow in the event of a breakdown.
The birth of bitcoin dates back to the aftermath of 2008 financial crisis wherein the adoption of digital currencies was necessitated by the failure of traditional banking systems in order to protect the interests of investors and depositors.
Japan's Financial Services Agency (FSA) announced on March 8, 2018, that it came down on the exchanges due to their failure to provide proper internal control systems.
Japan's Financial Services Agency (FSA) announced today, March 8, 2018, that it came down on the exchanges due to their failure to provide proper internal - control systems.
Many of the same risk factors associated with a failure to provide financial support informally are also associated with entrance into the child support system.