July 27, 2024 will mark the one-year anniversary of the Basel Endgame proposal. The negative response to the proposal means that a revised version isn’t likely until sometime next year. Meanwhile the Basel Endgame will remain in regulatory limbo. Finalizing regulations can take time, but some get enacted more quickly than others. The speed of…

The Federal Reserve’s post-mortem following the Silicon Valley Bank failure stressed the “need to evaluate how we supervise and regulate a bank’s management of interest rate risk.” Other bank regulators have noted similar concerns. It’s now 16 months since SVB’s failure. What actions have regulators taken (or not taken) to address interest rate risk? SVB…

Baseball enthusiasts may be the nerdiest of sports fans. From the development of the box score in 1858, there has long been an obsession with statistics. These statistics have grown increasingly complex with the advent of sabermetrics, aka Moneyball. OPS, WHIP, and FIP have replaced old school stats like batting average, RBIs, and won-loss records.…