The Credit Crisis
- Getting Ahead: With Credit Still Scarce, Corporate Practitioners Look for Other Solutions
Corporate practitioners are preparing for an uptick in lending by getting their financial houses in order....
January 28, 2010
- Preventing Future Crises by Understanding this One: Who is the True Culprit?
Financial professionals know that the origin of the financial crisis cannot be blamed on subprime lending alone. Author Pablo Triana explains how it all started with a familiar finance theory....
- 10 Tips for Internal Auditing in the Financial Crisis
Many executives involved in the audit function at their organization have told the Institute of Internal Auditors, a guidance setting-body, that they are making their internal audit activities more flexible by adjusting to stakeholder expectations and changing risk priorities....
August 10, 2009
- Sweep Accounts: The FDIC Enhances Transparency
As the financial health of banks continues to suffer, corporations need to understand the exposure they face for any financial institution to which they have any type of counterparty risk exposure....
July 7,2009
- Watch the Credit Rating Agency Hearing Live at 2 PM EST
Credit ratings agencies are under the microscope in a hearing today before a key House subcommittee, prompting the Association for Financial Professionals to step up calls to overhaul Nationally Recognized Statistical Rating Organizations (NRSROs)....
May 19, 2009
- Credit Rating Agencies - Significant Reforms Needed
For nearly 100 years, credit rating agencies have been providing opinions on the creditworthiness of issuers of debt to assist investors. The Securities and Exchange Commission (SEC), banking regulators, and the Federal Government rely on ratings from rating agencies to make decisions that impact the American public. Recent turmoil in the U.S. credit markets, coupled with a growing distrust of the system itself has set the stage for fundamental reform and AFP has made two suggestions to help achieve that reform....
May 6, 2009
- FDIC Chair Calls for New Way to Unwind Ailing Big Banks
The chairman of the FDIC in a speech today proposed a new way to resolve large financial institutions that have been deemed by some "too big to fail." ...
April 27, 2009
- AFP Issues Comment Letters on FASB's Fair Value and OTTI Proposals
AFP yesterday responded to FASB's request for comments on two important FASB Statements of Positions that have been issued in response to the credit crisis....
April 3, 2009
- Systemic Risk: How Washington Intends to Address Regulatory Reform
With attention squarely focused on financial markets reform, Congress has also focused efforts on repairing a seemingly flawed system. ...
March 30, 2009
- AFP Urges Fed to Expand Commercial Paper Program
Today, in a letter to the Board of Governors of the Federal Reserve, AFP requested that the Federal Reserve extend the Commercial Paper Funding Facility to Tier 2 commercial paper issuers....
March 30, 2009
- Comprehensive List of EESA Programs
In light of continuing strains in the U.S. financial markets, federal agencies are continuing their response to the crisis by modifying existing programs aimed at adding liquidity back to troubled capital markets. ...
February 27, 2009
- Get Ready To See Higher FDIC Assessments on Account Analysis Statements
FDIC is poised to add special fee to replenish reserves...
February 26, 2009
- Fed Chairman Outlines Three Policy Approaches to Ease Credit
Fed Chairman Ben Bernanke last week outlined three principal policy approaches the Fed is undertaking to ease the credit crisis over and beyond affecting monetary policy by cutting the short-term interest rate...
February 23, 2009
- Federal Reserves Amends TALF Requirements
New terms and conditions include providing for loan rates and collateral haircuts ...
February 9, 2009
- Credit Crisis Update: Fed Announces Another Extension of Several Liquidity Programs
Earlier this morning, the Federal Reserve announced that several of its existing liquidity programs that were scheduled to expire on April 30 will now be extended through Oct. 30....
February 3,2009
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