Tuesday, October 27, 2009

Asleep at the Wheel

The Senior Supervisors Group is an august body of 10 financial market regulators, with a very heavy representation from North America (Fed, Fed NY, SEC, the quaintly named Comptroller of the Currency and Canada’s Superintendant of Financial Institutions) and Europe (French Banking Commission, Swiss Financial Market Supervisory Authority, German Federal Financial Supervisory Authority and the UK’s Financial Services Authority).  Japan’s Financial Services Agency rounds out the ten.  So that’s:

North America 50%
Europe 40%
Asia 10%


The SSG has recently released an exciting report entitled Risk Management Lessons from the Global Banking Crisis of 2008.  Click here to see it.

A couple of things sprang to mind as I leafed through it:

  • The crisis of 2008?  I didn’t think 2009 was so hot either.
  • What’s with the cover page?

SSG Cover

  • The arrangement of logos is just too suggestive of something else:

SSG Cover

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