LTCM regulatory study

Doug Henwood dhenwood at panix.com
Sat Jan 30 10:17:45 PST 1999


Peter Kilander wrote:


>This was on page B2 of the New York Times today. In a sane society, wouldn't
>this make it to the front page? I like the third paragraph.
>
>________________
>
>January 29, 1999
>
>Report Finds Banks Failed to Oversee Big Hedge Fund
>
>By TIMOTHY L. O'BRIEN
>
>NEW YORK -- A handful of the world's largest commercial and investment banks
>failed to adequately oversee lending and trading activities with hedge-fund
>giant Long-Term Capital Management, a regulatory study has found.

Summaries, with links to PDF versions of the full reports, are on the Bank for International Settlements website, <http://www.bis.org/publ/bcbs45.htm> and <http://www.bis.org/publ/bcbs46.htm>.

European central bankers like frothy stock markets a lot less than American ones; I wonder what they tell Greenspan at the monthly BIS meetings.

Doug



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