Feature/Regulation

Issues in regulating Islamic finance

The regulation of Islamic finance suffers from several seemingly entrenched problems. Mushtak Parker highlights the barriers to better regulation, while noting some grounds for optimism

Are CoCos from cloud cuckoo-land?

The rationale for requiring banks to hold contingent capital is right. However, the mechanics of their operation and market implications may be subject to doubt, argues Charles Goodhart.

Welcome to Twin Peaks

The decision by the British government to adopt the Twin Peaks model of financial regulation represents a significant turnaround in the Bank of England’s political fortunes, writes Michael Taylor.

How Ireland is reforming its central bank

A change of leadership offers Ireland’s central bank an opportunity to assert its independence from the country’s much maligned political and banking elite. It is doing much to grasp it, Claire Jones finds.

How China is empowering the boardroom

Sound corporate governance is essential if future financial crises are to be avoided. Liao Min and Rui Wang of the China Banking Regulatory Commission (CBRC) explain how the commission is developing guidelines to make this happen