Financial Stability Board (FSB)
FSB issues peer review on ‘uneven' progress to end credit ratings reliance
Basel-based Financial Stability Board says its members must not replace mechanistic reliance on credit rating agencies with an equally narrow substitute
Robert Pringle's Viewpoint: Time for central banks to play politics
Central bankers need to use the breathing space created by their extraordinary policies to lobby for deeper reform
Carney-led FSB aims at international regulatory convergence
As systemically important banks internalise tougher regulatory environments, cross-border divergence in regimes may diminish, says FSB chair Mark Carney
Bail-in rules the 'bedrock' of European banking union, says BoE's Cunliffe
Head of the UK's Prudential Regulation Authority also cautions that despite far-reaching reform efforts, regulators would struggle to resolve 'a failing global giant'
Yellen hits back at critics over 'discriminatory' treatment of foreign banks
Following EU complaints, Fed chair tells Senate panel that new regulations are essentially the same as those faced by US banks abroad; Bitcoin is outside Fed's remit
G-20 pledge signposts en route to 'normal' monetary policy
Central bank governors and finance ministers in the world's biggest economies promise to be ‘mindful of impacts on the global economy' as they exit unconventional monetary policy
Central Bank of Oman's Hamood Sangour Al Zadjali on the dollar, financial stability and Islamic finance
The Central Bank of Oman remains committed to the dollar as it moves to improve governance, liquidity management and Islamic finance in the sultanate, its executive president tells Chris Jeffery
Debelle and Fisher to head up FSB FX benchmarks review
RBA deputy governor and Bank of England head of markets will lead a review at the FSB, and present findings to G-20 Brisbane conference in November
HKMA backs public ownership as resolution tool
Proposals for new resolution regime in Hong Kong include the temporary public ownership of failed financial institutions in the proverbial toolbox
Robert Pringle's Viewpoint: Carney makes his mark at the Bank of England
Mark Carney has achieved much more than meets the eye in his first five months as governor of the Bank of England
Basel Committee reveals data behind G-Sib designations
Bank for International Settlements publishes figures used to calculate systemic importance and the thresholds for ‘buckets’; FSB designates new bank a G-Sib and shuffles existing list
Basel III requirements could clash with new bail-in rules, warns IMF
Increased pressure on banks to rely more heavily on collateralised debt could combine with ‘depositor preference' rules to raise funding costs at a time when credit conditions remain tight
HKMA reviews progress on global financial regulation
Bulletin article outlines the stabilisation options that member jurisdictions should have access to in the event that a too-big-to-fail bank does just that
Canadian deputy champions FSB
FSB may be small but is capable of ‘nimbly’ co-ordinating global reforms efforts in a way that other international organisations are not, says Lawrence Schembri
Robert Pringle’s Viewpoint: Looking for a game-changer for the financial system
The world may need to look to central bank governors in countries such as China and India to champion reform of the global monetary architecture
Cœuré warns of threat of regulatory arbitrage on OTC derivatives
Benoît Cœuré says much progress has been made since Pittsburgh in 2009, but argues there is a risk of business moving to jurisdictions which lag behind in implementing the reform agenda
FSB flags up financial reform concerns
Financial Stability Board reports on progress of financial reforms to G-20 leaders; details the ‘serious problems’ emerging in some areas of national policy implementation
Carney urges G-20 leaders to cooperate
FSB releases report on global progress toward ending too-big-to-fail as its chairman, Mark Carney, stresses importance of cross-border cooperation over global financial reforms for global trade
US takes lead in ending credit rating agency ‘hard-wiring’, says FSB
China, Indonesia and South Korea have made little progress in dealing with concerns about over-reliance on credit rating agencies; US takes the lead, followed by Europe, in reducing hardwiring of ratings in the financial system, FSB report finds
US needs to improve supervision of insurers, FSB peer review concludes
Dombret-led review says US is making progress in reducing systemic risk, but insurance supervision architecture is ‘fragmented'; FSB also publishes progress report on compensation practices
CPSS, Iosco and FSB publish reports on FMIs
CPSS and Iosco says member states are making ‘substantial progress’ towards establishing their principles for financial market infrastructures; FSB offers new guidance for resolution
Top diplomat wins race to replace Tucker at Bank of England
The UK's EU ambassador will take over responsibility for financial stability at the bank after Paul Tucker starts a teaching job at Harvard in October
'Opaque and arbitrary' systemic risk methodology frustrates insurers
Designated insurers could come off G-Sii list when revised in 2014
FSB issues guidance on resolution of ‘too big to fail' lenders
Recommendations include the availability of sufficient loss-absorbing capacity and enforcement of ‘bail-in' rules