In the wake of the sharp downturn in the valuations of mortgage-backed securities last year, financial firms justified their investment in these non-transparent instruments on the triple ratings......
This year 2009 has the dubious distinction of witnessing the most number of banks go belly up in the United States, since 1992 during the savings and loan crisis. Consider this: In the first 10......
Reserve Bank of India Governor Dr D Subbarao delivered the following lecture at the G-30 International Banking Seminar in Istanbul on October 5, 2009, on the occasion of the IMF-World Bank annual......
The Reserve Bank of India (RBI) will set up a "financial stability unit" for drawing upon inter-disciplinary expertise from across various departments for carrying out periodic stress testing and......
The huge losses suffered by major banks recently, particularly in the United States and the United Kingdom, have brought to the fore the weaknesses of the architecture of the Basel II capital......