Risk Audit - Training and Recruitment
Friday, 27 January 2012

New Global Body

The Global Financial Markets Association is proposing to set itself up to represent financial institutions that will be classified as “global systematically important financial institutions”.

These businesses will be subject to more onerous capital regulations that stem from Basel 3. Their next battle will be to steer their way through plans to force them to make elaborate preparations for their possible demise.

Blythe Masters, JP Morgan’s commodities head, has been appointed as the new chairman of the GFMA with Simon Lewis as its new CEO.

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