In response to these deficiencies, the Federal Reserve initiated the annual CCAR process for assessing the capital adequacy and internal capital planning processes of large, complex bank holding companies (BHCs). CCAR is premised on the belief that thorough, rigorous risk management must underpin all the activities of all such firms.
If the election programmes are to be believed, the parties see the solution more in instituting minimum wages. That will not make it easier to find a new job. I remain sceptical about minimum wages. They are a very imprecise instrument for fighting poverty, for example, and they largely entail risks and problems for future employment trends.