Un año decisivo para las reformas financieras

ZANZÍBAR – Una extraña predicción para el año entrante: 2013 constituirá un hito para las reformas financieras. Es cierto, si bien la crisis financiera mundial estalló hace más de cuatro años y las reformas financieras Dodd-Frank entraron en vigor en Estados Unidos ya en 2010, el funcionamiento de Street no ha cambiado mucho –excepto por el aumento en el tamaño y poder de las mayores empresas. Sin embargo, hay motivos para esperar progresos reales durante el nuevo año.

La Reserva Federal estadounidense finalmente está cambiando su forma de pensar. En una serie de importantes discursos durante este otoño, el gobernador Dan Tarullo sostuvo que el problema de las instituciones financieras «demasiado grandes para caer» se mantiene. Debemos tomar medidas adicionales para reducir el nivel de riesgo sistémico –que incluyan límites al tamaño de nuestros bancos más grandes. Las noticias indican que la Fed ha comenzado a rechazar algunas fusiones bancarias.

Al mismo tiempo, la Corporación Federal de Seguros de Depósitos (FDIC) de EE. UU. se ha convertido en un bastión de sensatez sobre las cuestiones relacionadas con el sector financiero. Esto es en parte porque la FDIC es la encargada de solucionar los problemas cuando las empresas del sector financiero fracasan. Sus funcionarios de mayor jerarquía tienen entonces fuertes incentivos para evitar que los riesgos se salgan de control y proteger así su fondo de seguros. La FDIC está mostrando liderazgo intelectual además de capacidades organizacionales –los discursos de su vicepresidente, Tom Hoenig, son de lectura obligatoria.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/5IvXCg5/es;
  1. Sean Gallup/Getty Images

    Angela Merkel’s Endgame?

    The collapse of coalition negotiations has left German Chancellor Angela Merkel facing a stark choice between forming a minority government or calling for a new election. But would a minority government necessarily be as bad as Germans have traditionally thought?

  2. Trump Trade speech Bill Pugliano/Getty Images .

    Preparing for the Trump Trade Wars

    In the first 11 months of his presidency, Donald Trump has failed to back up his words – or tweets – with action on a variety of fronts. But the rest of the world's governments, and particularly those in Asia and Europe, would be mistaken to assume that he won't follow through on his promised "America First" trade agenda.

  3. A GrabBike rider uses his mobile phone Bay Ismoyo/Getty Images

    The Platform Economy

    While developed countries in Europe, North America, and Asia are rapidly aging, emerging economies are predominantly youthful. Nigerian, Indonesian, and Vietnamese young people will shape global work trends at an increasingly rapid pace, bringing to bear their experience in dynamic informal markets on a tech-enabled gig economy.

  4. Trump Mario Tama/Getty Images

    Profiles in Discouragement

    One day, the United States will turn the page on Donald Trump. But, as Americans prepare to observe their Thanksgiving holiday, they should reflect that their country's culture and global standing will never recover fully from the wounds that his presidency is inflicting on them.

  5. Mugabe kisses Grace JEKESAI NJIKIZANA/AFP/Getty Images

    How Women Shape Coups

    In Zimbabwe, as in all coups, much behind-the-scenes plotting continues to take place in the aftermath of the military's overthrow of President Robert Mugabe. But who the eventual winners and losers are may depend, among other things, on the gender of the plotters.

  6. Oil barrels Ahmad Al-Rubaye/Getty Images

    The Abnormality of Oil

    At the 2017 Abu Dhabi Petroleum Exhibition and Conference, the consensus among industry executives was that oil prices will still be around $60 per barrel in November 2018. But there is evidence to suggest that the uptick in global growth and developments in Saudi Arabia will push the price as high as $80 in the meantime.

  7. Israeli soldier Menahem Kahana/Getty Images

    The Saudi Prince’s Dangerous War Games

    Saudi Arabia’s Crown Prince Mohammed bin Salman is working hard to consolidate power and establish his country as the Middle East’s only hegemon. But his efforts – which include an attempt to trigger a war between Israel and Hezbollah in Lebanon – increasingly look like the work of an immature gambler.