Mortgage default rates are increasing, not decreasing, as implied by RMBS data

Christopher Joye

Being able to measure and monitor the true level of mortgage delinquencies across an economy is essential for investors and regulators interested in asset pricing and financial system stability, amongst other things. Prior to the 2008 global financial crisis, rising mortgage default rates in the United States were an important... Show More

Rise of the mega bank-bots

Christopher Joye

In the AFR I assault the notion that the big banks are going to be threatened with irrelevance, nay disintermediated, by the various threats posed by fin-techs, blockchain, bitcoin, and/or the FANGs (click on that link to read for free or AFR subs can click here). Excerpt: Show More

Hidden findings in banks' stress test

Christopher Joye

In the AFR today I reveal that the regulator's latest stress-tests of Australia's 13 largest banks show a vast improvement over the results of the 2014 stress-test when some banks' common equity tier one (CET1) capital ratios fell below 5%, triggering the conversion of their hybrid securities into equity. In... Show More