Treasury Depart. Comments on Hedge Funds and Systemic Risk

Here are some excerpts from the comments made by Under Secretary for Domestic Finance Robert K. Steel to the house of Representatives financial services committee. Fostering preparedness for financial crises is part of the core mission of the Treasury Department....

A.M. Best Release Top Canadian PC insurers List 2007

A.M. Best Co. has released a list of ratings on a number of Canadian P/C insurers, based on publicly available financial information. The ratings are based upon public information and present the most informed view A.M. Best can offer, short of an insurer...

Terrorism Risk Insurance Revision and Extension Act of 2007

Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney Frank, today introduced, H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007 (TRIREA). The bill extends the Terrorism Risk Insurance Act (TRIA) for ten years and...

Discussing the Canadian Dollar over at About.com

I’m chiming in on a bit of a debate with Mike Moffat over at About.com about the cause for the continued appreciation of the Canadian dollar. He cites that the consistent appreciation is largely dependent on the increase price of oil. I would suggest that it is...

China Permitting Greater Access to US Securities

China promised to allow US banks, securities firms and insurance companies greater access to its financial markets during two days of high-level talks. Insurance provider AIG and Merrill Lynch may benefit from the increased opportunities to sell into China’s...

David Dodge Won’t Seek Second Term

Governor David Dodge will not seek a second term as Governor of the Bank of Canada. While Governor Dodge’s term continues until 31 January 2008, he indicated he is making his plans known well in advance to facilitate the selection and appointment of his...

Bank of Canada April Monetary Policy Report

The Bank of Canada released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada’s inflation-control strategy. Growth of the Canadian economy has been essentially in line with the Bank’s...