By Edith Orenstein, FEI Financial Reporting Blog -
On August 6, 2008 the Counterparty Risk Management Policy Group (CRMPG - technically, CRMPG III) released a report: "Containing Systemic Risk: The Road to Reform."
As noted in CRMPG’s press release, its recommendations are laid out according " five 'Core Precepts,' which the Policy Group regards as relatively simple, readily understandable and forward-looking standards upon which the management of large integrated financial intermediaries must rest.
The CRMPG report was the subject of an article in the Aug. 7 WSJ, “Debt Market Fix? Try 60?” by Jon Hilsenrath and Serena Ng."
Read more here.