Financial Services Authority (FSA)
IMF modelling work on liquidity risk points to capital hike, says Jobst
Recent analysis by the International Monetary Fund indicates that banks in the US need to raise capital to cover systemic liquidity risk threats
FSA’s Turner considers more active role for macroprudential policy
Financial Services Authority chairman Adair Turner says new macroprudential policy tools could play a more active role in ensuring socially optimal level of credit in economy
FSA asks UK government to be very clear in new legislation
Financial Services Authority warns government it risks creating “real confusion” over duties of new Financial Conduct Authority
UK Lords debate Independent Commission on Banking plans
Lord Myners deeply critical of ICB's plans; complains chairman John Vickers failed to address important issues
Treasury Committee launches inquiry into Financial Conduct Authority
UK Treasury Committee launches inquiry into accountablility of the Financial Conduct Authority; hot on the heels of a similar investigation into the Bank of England
IMF calls on UK to widen scope of resolution regimes
IMF says UK lawmakers should expand the scope of BoE's special resolution regime to include systemically important financial institutions
FSA outlines strategy for new conduct authority
UK Financial Services Authority says Financial Conduct Authority will be tougher and bolder than past consumer regulator
Sovereign debt crisis dominates BoE’s first FPC briefing
European sovereign debt crisis leads discussions at Bank of England’s first interim Financial Policy Committee briefing; body issues five policy recommendations to Financial Services Authority
UK chancellor backs ring-fencing of banks
Chancellor of the exchequer endorses plans to separate retail from investment arms; says FPC’s stability remit to be reviewed annually
BoE outlines risk of higher intraday liquidity buffers
Bank of England study says new measures to enhance intraday liquidity risks jeopardising payment and settlement operations; recommends tools to mitigate banks’ incentive to delay settlement
UK FSA’s handling of bank failure under review
Review of the British regulator’s report into the failure of Royal Bank of Scotland must assess whether report is “fair and balanced”; authority itself in line for close scrutiny
UK outlines strategy for new micro regulator
Prudential Regulation Authority will focus attention according to risk; new five-step strategy to capture key threats
Bank’s Bailey sees positive future for building societies
Andrew Bailey puts FSA hat on and delivers speech in new role
UK FSA and Treasury say covered bondholders should escape bail-ins
British authorities offer six recommendations for regulatory change; signal covered bondholders will not be hit by bail-ins
House of Lords report slams bank audits
The House of Lords Economic Affairs Committee releases stinging report asking the UK government to consider significant reforms to the system of bank audits
Risk officers concerned about regulators’ approach to branch liquidity
Some risk officers at international and domestic banks in the Asia-Pacific region are frustrated by the regulatory focus on country-by-country stress tests and a trend towards branch liquidity.
UK FSA’s Turner puts forth case for more discretion
Chairman of the Financial Services Authority Adair Turner argues discretion vital if regulators are to temper the excesses of credit cycles
Ex FSA chair quits as head of LSE
Former Financial Services Authority chairman Sir Howard Davies steps down as director of London School of Economics over university’s financial links to Libyan Gaddafi regime
King warns of delay in switch to new regulatory regime
Bank of England governor Mervyn King says correct implementation of regulatory reforms takes precedence over achieving deadlines
UK FSA’s Turner calls for more radical reform
Financial Services Authority chairman Adair Turner argues that only if reform tempers the cyclical nature of credit and asset cycles can it truly be regarded as successful
Basel alone will not protect us: UK Treasury Committee’s Tyrie
UK Treasury Select Committee chair Andrew Tyrie says fundamental changes to the way banks are supervised a must; tripartite system left no one in charge
Fed’s Kohn appointed to Bank’s FPC
UK government names four external members to interim Financial Policy Committee; former Fed vice-chair Donald Kohn among three ex-central bankers appointed to macroprudential body
FSA, Bank call for closer dialogue with auditors
Financial Services Authority releases draft code targeted at enhancing communication with auditors
Cut Bank’s vote on macroprudential body, say lawmakers
Influential parliamentary committee calls for Bank of England executive directors’ votes to be transferred to external members, citing amount of power vested in central bank