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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (15549)	4/24/1998 3:26:00 PM
From: posthumousone	Respond to of 18056

CURBS IN: please clarify this i dont get it, the market goes down 50 points and they put in curbs?? are curbs different from breakers?? the curbs (little curbs symbol abovedow on cnbc) have been on all day??? is this preventing a correction??

To: Zeev Hed who wrote (15549)	4/24/1998 9:36:00 PM
From: nora b.	Respond to of 18056

Here's an interesting press release I came across and would like to share it. For Immediate Release PR-23-98 (4-8-98) Media Contact: Frank Gresock (202) 898-6993 BASLE COMMITTEE AMENDS CAPITAL ACCORD, REDUCES RISK WEIGHT FOR CLAIMS ON CERTAIN SECURITIES FIRMS The Basle Committee on Banking Supervision has amended the Basle Capital Accord, reducing the risk weight for claims on, and claims guaranteed by, certain securities firms from 100 percent to 20 percent. The Basle Accord is an international agreement setting minimum capital requirements for banks. In general, the amendment will provide a reduced capital charge for claims on or guaranteed by broker-dealers registered with the Securities and Exchange Commission and their direct subsidiaries that meet the supervision and capital requirements. Securities firms must be incorporated in OECD countries and subject to supervisory and regulatory arrangements comparable to those applied under the Basle Accord to qualify for the preferential risk weight. The Federal Deposit Insurance Corporation plans to work with the other federal banking agencies to incorporate the revision into its risk-based capital rules for state non-member banks. The Basle Committee announcement may be accessed on the Bank for International Settlements Web site at bis.org. Copies may also be obtained by contacting the FDIC's Public Information Center at 800-276-6003 or 202-416-6940. # # # It seems that brokerage firms are trying to reduce their risk in case of a crash. But, I really don't know what this means. It just sounds far from anything good. Found this at FDIC website, some interesting press releases. fdic.gov