Category Archives: Regulation

Melancholy Fog

From Peter Morton, “At SEC, a modern Texas ranger hunts down the bad guys”, National Post, January 9, 1999, pp. C1, C4, in relation to Walter Schuetze: WASHINGTON–The sun never shines into the eighth-floor office of Walter Schuetze and that … Continue reading

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All in the taking

Concerning the “principles-based = Canada = good” versus “rules-based = United States = bad” dichotomy, in relation to financial accounting standards, which may well be mythical, it seems that managerial attitudes remain the missing trigger. Whether any accounting principle, like … Continue reading

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Track Direction

Came across some overhead notes used in an Accounting Theory class, 2007. Some of the points made, in relation to the role of the accounting standard setter, plus relating to regulatory behaviours generally: • Standard setters and those affected by … Continue reading

Posted in Accounting Issues, Financial Institution Failures, Financial Institution Regulation, Regulation | Leave a comment

Too Big To Fail: Government Guarantee

Read news story about increased capital requirements for Canada’s “Big Six” banks, based on Julie Dickson, the federal Superintendent of Financial Institutions deeming them to be “too big to fail”. Capital is not the equivalent to cash reserves, but rather … Continue reading

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Target

From the concluding chapter of Canadian Financial Institution Failures: The Pathologies of Regulatory Inaction, the doctoral dissertation (Schulich School of Business [as it is now known], 1993): (7)Financial institution regulators will generally view the regulated as being composed of homogeneous … Continue reading

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Regulator and Regulated

The relationship between the regulator and the regulated was evolving, some time ago, as I discovered when researching and writing my doctoral dissertation (1993). Major issue: what are the limits of regulatory discretion, particularly regulatory discretion to not enforce the … Continue reading

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