Yale School of Management

Posts by Author

News in Systemic Risk: Friday, September 4, 2020 (10 a.m. ET)

September 4, 2020
Hutchins Roundup: Job matching, income inequality, and more (Lorena Hernandez Barcena, David Wessel; Brookings Institution) Inflation at risk in advanced and emerging market economies (Ryan Niladri Banerjee, Juan Contreras, Aaron Mehrotra, Fabrizio Zampolli; Bank of International Settlements) MAS Enhances Access to Liquidity Facilities to Strengthen Banking Sector Resilience (Monetary Authority of Singapore) ECB Seen on Track to Add More Stimulus as Recovery Sputters (Alexander Weber, Harumi Ichikura; Bloomberg) Two damning portrayals of Indian finance (The Economist) Continue reading “News in Systemic Risk: Friday, September 4, 2020 (10 a.m. ET)”

A New Index of Bank Resolution Reforms

September 3, 2020
A New Index of Bank Resolution Reforms
This guest blog post comes to us from Matteo Aquilina, Krishan Shah, Costas Stephanou and Jonathan Ward. At the end of June, the Financial Stability Board (FSB) published a consultation report on its evaluation of the too-big-to-fail (TBTF) reforms for systemically important banks. The TBTF reforms  were endorsed by the G20 in the aftermath of the 2008 financial crisis and have been implemented in FSB jurisdictions over the past decade. The report examines the extent to which the reforms are reducing the systemic and moral hazard risks associated with global and domestic systemically important banks (G-SIBs and D-SIBs), as well as their broader effects on the financial system. Continue reading “A New Index of Bank Resolution Reforms”

News in Systemic Risk: Thursday, September 3, 2020 (10 a.m. ET)

September 3, 2020
What do changes in the Fed’s longer-run goals and monetary strategy statement mean? (Tyler Powell, David Wessel; Brookings Institution ) Closing the loop: AML/CFT supervision of correspondent banking (Rodrigo Coelho, Jonathan Fishman, Amer Hassan, Rastko Vrbaski; Bank of International Settlements) Dual interest rates give central banks limitless fire power (Eric Lonergan, Megan Greene; VoxEu) BOE Talks Up Prospect of Easing as U.K. Faces Triple Threat (Lucy Meakin, David Goodman, Manas Pratap Singh; Bloomberg) Oversupply of Easy Money Sends European Borrowing Rates to Record Low (Anna Hirtenstein; Wall Street Journal ) Continue reading “News in Systemic Risk: Thursday, September 3, 2020 (10 a.m. ET)”

Ross Butler '21 Launches Search Fund WD Capital Holdings

By: A. J. Wasserstein September 2, 2020

WDCH is an investment vehicle that Butler established to acquire a business with $1 to $3 million in annual EBITDA. He plans to purchase from an owner looking to transition out of the business, and Butler will assume the CEO role after closing the deal. “I want to be a leader and a CEO. I...

Continue reading “Ross Butler '21 Launches Search Fund WD Capital Holdings”

News in Systemic Risk: Wednesday, September 2, 2020 (10 a.m. ET)

September 2, 2020
EBA publishes its 2019 Annual Report on resolution colleges (European Banking Authority ) Europe needs a fully fledged capital markets union – now more than ever (Luis de Guindos, Fabio Panetta, Isabel Schnabel; European Central Bank ) Mnuchin sees Fed 'Main Street' loans ballooning up to $50B after slow start (Victoria Guida; Politico) BOJ Deputy Gov. Wakatabe Hints at Possible Policy Review for Covid-19 Era (Megumi Fujikawa; Wall Street Journal) Indonesia Fuels Worries With Plans to Cut Central Bank Autonomy (Grace Sihombing; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, September 2, 2020 (10 a.m. ET)”

SOMPost – September 2020

September 1, 2020

What’s happening? Classes Classes started at Yale SOM on August 31 in a hybrid model – half the students attend classes in-person while the other half join virtually, swapping places later in the week. As a result, Yale SOM has adjusted class times, and the Yale SOM Career...

Continue reading “SOMPost – September 2020”

News in Systemic Risk: Friday, September 4, 2020 (10 a.m. ET)

September 4, 2020
Hutchins Roundup: Job matching, income inequality, and more (Lorena Hernandez Barcena, David Wessel; Brookings Institution) Inflation at risk in advanced and emerging market economies (Ryan Niladri Banerjee, Juan Contreras, Aaron Mehrotra, Fabrizio Zampolli; Bank of International Settlements) MAS Enhances Access to Liquidity Facilities to Strengthen Banking Sector Resilience (Monetary Authority of Singapore) ECB Seen on Track to Add More Stimulus as Recovery Sputters (Alexander Weber, Harumi Ichikura; Bloomberg) Two damning portrayals of Indian finance (The Economist) Continue reading “News in Systemic Risk: Friday, September 4, 2020 (10 a.m. ET)”

A New Index of Bank Resolution Reforms

September 3, 2020
A New Index of Bank Resolution Reforms
This guest blog post comes to us from Matteo Aquilina, Krishan Shah, Costas Stephanou and Jonathan Ward. At the end of June, the Financial Stability Board (FSB) published a consultation report on its evaluation of the too-big-to-fail (TBTF) reforms for systemically important banks. The TBTF reforms  were endorsed by the G20 in the aftermath of the 2008 financial crisis and have been implemented in FSB jurisdictions over the past decade. The report examines the extent to which the reforms are reducing the systemic and moral hazard risks associated with global and domestic systemically important banks (G-SIBs and D-SIBs), as well as their broader effects on the financial system. Continue reading “A New Index of Bank Resolution Reforms”

News in Systemic Risk: Thursday, September 3, 2020 (10 a.m. ET)

September 3, 2020
What do changes in the Fed’s longer-run goals and monetary strategy statement mean? (Tyler Powell, David Wessel; Brookings Institution ) Closing the loop: AML/CFT supervision of correspondent banking (Rodrigo Coelho, Jonathan Fishman, Amer Hassan, Rastko Vrbaski; Bank of International Settlements) Dual interest rates give central banks limitless fire power (Eric Lonergan, Megan Greene; VoxEu) BOE Talks Up Prospect of Easing as U.K. Faces Triple Threat (Lucy Meakin, David Goodman, Manas Pratap Singh; Bloomberg) Oversupply of Easy Money Sends European Borrowing Rates to Record Low (Anna Hirtenstein; Wall Street Journal ) Continue reading “News in Systemic Risk: Thursday, September 3, 2020 (10 a.m. ET)”

Ross Butler '21 Launches Search Fund WD Capital Holdings

By: A. J. Wasserstein September 2, 2020

WDCH is an investment vehicle that Butler established to acquire a business with $1 to $3 million in annual EBITDA. He plans to purchase from an owner looking to transition out of the business, and Butler will assume the CEO role after closing the deal. “I want to be a leader and a CEO. I...

Continue reading “Ross Butler '21 Launches Search Fund WD Capital Holdings”

News in Systemic Risk: Wednesday, September 2, 2020 (10 a.m. ET)

September 2, 2020
EBA publishes its 2019 Annual Report on resolution colleges (European Banking Authority ) Europe needs a fully fledged capital markets union – now more than ever (Luis de Guindos, Fabio Panetta, Isabel Schnabel; European Central Bank ) Mnuchin sees Fed 'Main Street' loans ballooning up to $50B after slow start (Victoria Guida; Politico) BOJ Deputy Gov. Wakatabe Hints at Possible Policy Review for Covid-19 Era (Megumi Fujikawa; Wall Street Journal) Indonesia Fuels Worries With Plans to Cut Central Bank Autonomy (Grace Sihombing; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, September 2, 2020 (10 a.m. ET)”

SOMPost – September 2020

September 1, 2020

What’s happening? Classes Classes started at Yale SOM on August 31 in a hybrid model – half the students attend classes in-person while the other half join virtually, swapping places later in the week. As a result, Yale SOM has adjusted class times, and the Yale SOM Career...

Continue reading “SOMPost – September 2020”