Subprime

Fed's Kroszner dismisses decoupling

The recent turmoil has served to reaffirm the adage that when the US sneezes the rest of the world catches a cold, a senior Federal Reserve official has argued.

Fed tightens lending standards

The Federal Reserve on Monday approved a series of measures which it hopes will protect consumers against the sort of misleading lending practices considered partly responsible for the subprime crisis.

San Francisco Fed - Annual Report 2007

The San Francisco Federal Reserve in 2007 launched an initiative to help homeowners in hard-hit communities to avoid foreclosure, the institution states in its latest Annual Report.

Basel Committee announces reform plans

The Basel Committee on Banking Supervision is set to revise elements of its Basel II framework as part of a raft of measures aimed at enhancing stability in the wake of the subprime turmoil.

Crisis worst shock since Great Depression: IMF

The International Monetary Fund (IMF) warned that the US subprime fallout has precipitated the largest financial crisis since the Great Depression and that there is a 25% chance that it will cause a full-blown global recession.

Greenspan hits back

Alan Greenspan, a former chairman of the Federal Reserve, has said that the blame for the subprime crisis lies with the investment community rather than himself, as has often been argued.

Financial markets in Japan

This new report from the Bank of Japan looks at how financial markets in the country coped with the market turmoil triggered by the subprime woes in the second half of 2007.

BoJ sets out risk management guidelines

The market instability triggered by the US subprime mortgage problem reaffirms the importance of investors accurately recognising and appropriately managing risk, research published by the Bank of Japan states.

Latin America to escape worst of subprime hit

Latin America is likely to emerge from the current bout of global market turmoil relatively unscathed, said Anoop Singh, the director of the Western Hemisphere Department at the International Monetary Fund.

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