Florida Gators Preview What you should be watching out for on the offense: The I-formation. The new offensive coordinator, Steve Addazio, has been experimenting over the off season in order to add a few more wrinkles to this equation. This isn't going to end up being 1977 Nebraska, and the spread really isn't...... MLB Interleague Weekend Preview (Part 1 - AL Parks) MLB interleague action continues this weekend, and below, I preview the series that are being played at American League ballparks. There are some goodies in the bunch, and it all starts with a must-see series out West. Make sure you check out the latest MLB odds throughout the weekend, and......
2009 MLB Draft and Signing Grades The 2009 MLB Draft and Signing are now complete and... MLB Realignment Plan I wanted to share with your a plan i am... (Adds German minister) By Huw Jones BRUSSELS, Jan 27 (Reuters) - Financial markets face morestormy times and policymakers should use them as an opportunityto reform oversight of banks and their capital rules, theEuropean Union's top market regulator said on Tuesday. "Never again will the political climate be so favourable formaking a meaningful step forward," EU Internal MarketCommissioner Charlie McCreevy told a financial marketsconference. Banking supervision needs shaking up as cross-border groupsmade up 80 percent of EU deposits, he said, adding global ruleson bank capital, known as Basel II, needed fundamental reform. Member states and national regulators should put asidevested interests and back moves to more streamlined pan-EUfinancial supervision, he said. "Measures that focus on addressing perverse incentives arebeing considered," McCreevy said Mandatory rules were unlikely he said "It's a very vexed question I don't possibly see alegislative proposal.
Perhaps we could agree some broadly basedprinciples, not only in Europe but globally as well," McCreevysaid. McCreevy repeated he would "prepare appropriate regulatoryinitiatives" for hedge funds and private equity once publicconsultations are completed. BASEL SHORTCOMINGS He confirmed a Reuters story that a provision would beinserted into EU financial regulation now being amended so thatclearing of off-exchange traded credit derivatives is mandatoryto cut risk in the sector. ID:nLL343245 The clearing provision is expected to be inserted into thecurrent reform of EU bank capital requirements rules now beingadopted by the European Parliament and EU states.
David Wright, deputy head of the European Commission'sinternal market unit, said additional capital charges could berequired where clearing and settlement is not evident. McCreevy said the reform of the EU's capital requirementrules, which apply Basel II, was just the beginning. The Basel II framework had many shortcomings, including theabsence of any overall gearing cap on bank balance sheets, andtoo much emphasis on credit ratings and "intellectually" refinedrisk models, McCreevy said. Not only a maximum overall leverage ratio was desirable forbanks, "sub-set forms" controls on leverage were also needed inon or off balance sheet assets or derivatives, McCreevy added. Charles Goodhart, a former member of the Bank of England'sinterest rate-setting monetary policy committee, said Basel IIneeded beefing up and welcomed moves by Swiss regulators toimpose leverage ratios on its two main banks, UBS (UBSN.VX) andCredit Suisse (CSGN.VX). "Basel II has been micro prudential rather than macroprudential It's insufficient It does not deal with systemicrisk," Goodhart said (Editing by Editing by Hans Peters).