Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Aidun, Christopher K., “A Primer on Asset Securitization,” Journal of Commercial Lending, September 1995, 19–32.
Ambrose, Bent W., and Michael LaCour-Little, and Anthony B. Sanders, “Does Regulatory Capital Arbitrage or Asymmetric Information Drive Securitization,” Presented at the annual meeting of the Southern Finance Assoc., Charleston, S.C., December 5, 2003.
“Approval of the Use of Certain Preferred Stock Instruments in Tier I Capital, October 21, 1996,” Federal Reserve Bulletin, November 1996, 1112–1113.
“Asset Securitisation,” Consultative Document, Basel Committee on Banking Supervision, Basel, Switzerland, Bank for International Settlements, January 2001.
Bank One Capital VI, Prospectus Supplement, 7.20% Preferred Securities, October 11, 2000.
Bartholomew, Philip F., Resolving the Thrift Crises, Washington, D.C., Congressional Budge Office, 1993.
“Basel II: Refinements to the Framework,” Fitch Ratings, Credit Polity, Special Report, February 6, 2003, Comments on Basel II, QIS 3, http://www.bis.org/bcbs/qis/qis3.htm#resp (visited 4/18/03).
“Basel II Spurring Market Creativity?” Global Risk Regulator, June 2003, 5.
Bies, Susan Schmidt, Remarks by Governor Bies at Thunderbird, The American Graduate School of International Management, Glendale, Arizona, “Financial Markets and Corporate Governance in the United States and Other Countries,” February 11, 2003.
Burhouse, Susan, John Feid, George Finch, and Keith Ligon, “Basel and the Evolution of Capital Regulation: Moving Forward and Looking Back,” For Your Information, Federal Deposit Insurance Corporation, January 14, 2003
Calomiris, Charles, and Joseph H. Mason, “Credit Card Securization and Regulatory Arbitrage,” EconPapers, Federal Reserve Bank of Philadelphia, No. 03-07, 2003.
Cole, Rebel A., Joseph A. McKenzie, and Laurence J. White, “Deregulation Gown Awry: Moral Hazard and the Savings and Loan Industry,” appears in The Causes and Costs of Depository Institutions Failures, Allin F. Cottrell, Michael S. Lawlor, and John H. Wood, editors, Boston, MA., Kluwer Academic Publishers, 1995, 29–74.
“Commercial Bank Examination Manual,” Section 3000, Board of Governors of the Federal Reserve System, Washington, D.C., (May 2002). http://www.federalreserve.gov/boarddocs/SupManual/default.htm#cbem
“Emergency Countermeasure to Deflation,” The Ministry of Foreign Affairs of Japan, (February 27, 2002). www.mofa.go.jp/policy/economy/japan/measure0202.html (visited 2/20/03).
“European Structured Covered Bonds: Moody’s Rating Approach,” International Structured Finance, Rating Methodology, Moody’s Investors Service, April 10, 2003.
FASB Interpretation No. 46, Consolidation of Variable Interest Entities, an interpretation of ARB No. 51, Financial Accounting Standards Board, January 2003.
FDIC Quarterly Banking Profile, Fourth Quarter, 2002, Table III-A http://www2.fdic.gov/qbp/2002dec/cb3.html
Ferguson, Roger W., Vice Chairman of the Board of Governors of the Federal Reserve System, Statement before the Domestic and International Monetary Policy, Trade and Technology Subcommittee on Financial Services, U.S. House of Representatives, February 27, 2003.
Financial Institution Letters, “Authority of State Banks to Invest in Trust Preferred Securities, FDIC, FIL-16, 99, February 19, 1999.
French, George, “Estimating the Capital Impact of Basel II in the United States,” For Your Information (FYI), Federal Deposit Insurance Corporation, December 8, 2003.
Frischmann, Peter J., and Terry D. Warfield, “Multiple Motivations and Effects—The Case of Trust Preferred Stock,” Issues in Accounting Education Abstracts, Vol. 14, No. 2, May 1999.
Frye, Jon, “Weighting for Risk,” Capital Market News, Federal Reserve Bank of Chicago, December 2001, 1–3.
Harvey, Keith D., M. Carry Collins, and James W. Wansley, “The Impact of Trust-Preferred Issuance on Bank Default Risk and Cash Flow: Evidence from Debt and Equity Securities Markets, The Financial Review, 38, May 2003, 235–256.
Hawke, John D., Jr., Comptroller of the Currency, Statement before the Subcommittee on Domestic and International Monetary Policy, Trade and Technology of the Committee on Financial Services, U.S. House of Representatives, February 27, 2003.
Hawke, John D., Jr., Comptroller of the Currency, Remarks before the Institute of International Bankers, Washington, D.C., March 3, 2003.
Higgins, Eric J., and Joseph R. Mason, “What is the Value of Recourse to Asset-Backed Securities? A Clinical Study of Credit Card Banks,” Working Papers, Federal Reserve Bank of Philadelphia, No. 00-06, April 2003.
“Interagency Advisory on Mortgage Banking,” Washington, D.C., Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Office of Thrift Supervision, February 25, 2003.
“Interagency Advisory on the Unsafe and Unsound Use of Covenants Tied to Supervisory Actions in Securitization Documents,” Washington, D.C., Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Office of Thrift Supervision, May 23, 2002.
“Interagency Guidance on Asset Securitization Activities,” Washington, D.C., Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Office of Thrift Supervision, December 13, 1999.
“Interagency Guidance on Implicit Recourse in Asset Securitizations,” Washington, D.C., Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Office of Thrift Supervision, May 23, 2002.
“Interpretive Letter #777,” 12. U.S.C. 24(7)92, Office of the Comptroller of the Currency, Washington, DC, April 1997.
Jordan, Paul, “Pooled Trust Preferred Stock,” Capital Market News, Federal Reserve Bank of Chicago, March 2000, 6–7. www.chicagofed.org/publications/publicpolicystudies/emergingissues/pdf/S&R-2000-2.pdf
Kalser, Kathy R., “Financial Markets,” Regional Outlook, Federal Deposit Insurance Corporation, Fourth Quarter, 1997, 19–22.
Kealhofer, Stephen, “Quantifying Credit Risk I: Default Prediction,” Financial Analysts Journal, January/February 2003, 30–44.
Kendall, Leon T., and Michael J. Fishman, A Primer on Securitization, Cambridge, Mass., The MIT Press, 1998.
Moscow, Michael H., “The Regulation of Derivatives,” appears in Derivatives and Public Policy, Proceedings of a Conference,” Chicago, Ill, Federal Reserve Bank of Chicago, 1996, 1–6.
OCC Bulletin, “Interagency Guidance on Asset Securitization Activities,” OCC 99-46. Washington, D.C. Office of the Comptroller of the Currency, December 14, 1999.
OCC Bulletin, “Unsafe and Unsound Investment Portfolio Practices,” OCC 2002-19, May 22, 2002.
OCC Bulletin, “Interagency Questions and Answers on the Capital Treatment of Recourse, Direct Credit Substitutes, and Residual Interests in Asset Securitizations,” OCC 2002–22, May 23, 2002.
OCC News Release, “Agencies Issue Rulemakings to Amend Risk-Based Capital Treatment of Exposures to Asset-Backed Commercial Paper Programs and Securitizations with Early Amortization Provisions,” NR 2003-72, September 13, 2003.
OCC “Agencies Issue Rulemakings to Amend Risk-Based Capital Treatment of Exposures to Asset-Backed Commercial Paper Programs and Securitizations with Early Amortization Provisions” Interim Final Rule, (September 2003). http://www.occ.treas.gov/ftp/release/2003-72a.pdf
Petrou, Karen Shaw, “Policy Issues in Complex Proposals Warrant Congressional Scrutiny,” Testimony before the Domestic and International Monetary Policy, Trade and Technology Subcommittee on Financial Services, U.S. House of Representatives, February 27, 2003.
“Program for Financial Revival—Revival of the Japanese Economy Through Resolving Non-Performing Loans Problems of Major Banks,” The Ministry of Foreign Affairs of Japan/Financial Services Agency, Japan, October 30, 2002. www.mofa.go.jp/policy/economy/japan/program0120.html (visited 2/20/03).
Powell, Donald E., Chairman, FDIC, Remarks Before the Independent Community Bankers Association, San Diego, CA; FDIC, Press Release PR-22-2004, March 16, 2004.
“Quantitative Impact Study 3 Technical Guidance,” Basel Committee on Banking Supervision, Basel Switzerland, Bank for International Settlements, October 2002.
“Range of Practice in Banks’ Internal Rating Systems” Discussion Paper, Basel Committee on Banking Supervision, Basel Switzerland, Bank for International Settlements, January 2002.
Sheng, Andrew, “The United States: Resolving Systemic Crisis, 1981–1991, appears in Bank Restructuring: Lessons from the 1980s, Andrew Sheng, editor, Washington, D.C., The World Bank, 1996, 71–86.
Sherrerd, Katrina F., “Forward” appears in Credit Analysis Around the World, Charlottesville, VA, Association for Investment Management and Research (AIMR), 1998, v.
Spillenkothen, Richard, Director, Division of Banking Supervision and Regulation, “Banking Supervision and Regulation in the Next Millennium,” Remarks made at the New York State Banking Department, New York, New York, Board of Governors of the Federal Reserve System, Speech, October 25, 1999.
Statistical Abstract of the United States 1989, Washington, D.C., U.S. Department of Commerce, 1989.
Supervisory Letter, Derivative Contracts Hedging Trust Preferred Stock, Board of Governors of the Federal Reserve System, SR-02-10, March 28, 2002.
“The Challenge of Structural Reform and Pursuing Dynamism in Society and Economy,” Joint Report by the Social and Economic Outlook Committee and Economic Entity Role Committee, Economic Council, Japan, June 1998.
“The Market for Covered Bonds in Europe,” Deutsche Bank, Global Market Research, March 18, 2003.
Toritani, Reiko, and Philip Jones, “Japanese Banks: Stormy New Year,” FitchRatings, January 16, 2003 (www.fitch.com).
“Toxic Waste,” The Economist, March 15, 2003, 68–69.
UBS AG, Financial Services Group, “The New Accord, Pillar 1—Quantitative Impact Study 3 Technical Guidance,” Comment letter to the BIS, February 7, 2003, http://www.bis.org/bcbs/qis/qis3.htm#resp (visited 4/18/03).
Yanagisawa, Hakuo, M.P., Minister for Financial Services, Japan, presentation at the Symposium on Building the Financial System of the 21st Century: An Agenda for Japan and the United StatesWarrenton, Virginia September 20, 2002. http://www.fsa.go.jp/statement/statement.html (visited 2/20/03).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2005 Springer Science+Business Media, Inc.
About this chapter
Cite this chapter
Gup, B.E. (2005). Capital Games. In: Gup, B.E. (eds) Capital Markets, Globalization, and Economic Development. Innovations in Financial Markets and Institutions, vol 15. Springer, Boston, MA. https://doi.org/10.1007/0-387-24563-4_3
Download citation
DOI: https://doi.org/10.1007/0-387-24563-4_3
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-24564-5
Online ISBN: 978-0-387-24563-8
eBook Packages: Business and EconomicsEconomics and Finance (R0)