Paul Volcker
FSA’s Turner queries faith in deep and liquid markets
Britain’s top regulator calls for a conservative approach to liquidity, arguing that excessive financial activity is liable to do more damage than good
BIS’s Caruana: central banks up to stability task
Bank for International Settlements’ Jaime Caruana says crisis highlighted the prominent role central banks should have in financial stability policy
Ex-NY Fed chief opposes Volcker rule
Former New York Fed head Jerry Corrigan, now at Goldman Sachs, plays down impact of banks’ activities; warns against regulatory arbitrage
US can go it alone on reforms: Volcker
Former Fed chairman Paul Volcker says international consensus on reform not necessary
ECB’s Bini Smaghi demands capital uptake
European Central Bank’s Lorenzo Bini Smaghi “insists” banks use profits to raise capital rather than wages; line echoes position of the Bank of England
Obama’s proposals – the only game in town
President Obama’s radical proposals recognise that the financial lobby can no longer hold society to hostage. They should be welcomed as a result, Robert Pringle, the chairman of Central Banking Publications, writes.
Ex-governors and prominent academics in new forum
Former Argentine central bank governor Mario Blejer, former Bundesbank president Ernst Welteke and a slew of prominent academics will participate in a new forum
Obama's reforms find few friends
Markets and commentators reject the US president’s proposed reform of banks, which would see a ban imposed on proprietary trading
Bernanke appeals to keep Fed’s oversight powers
Federal Reserve chairman makes the case for the central bank to retain banking supervision in letter to lawmakers; Volcker supports systemic role
Separating the casino from the retail bank will not work
A division between investment and retail banking will not prevent future financial crises, Clive Briault, the founder of Risk and Regulation Consulting and a former managing director at the Financial Services Authority, argues
On the record: Paul Volcker
The former Fed chairman tells Congress that the central bank must take the leading role in regulating the financial system
Volcker: narrower role would make Fed too detached
Paul Volcker says removing supervision from Fed’s ambit would risk turning central bank into “academic seminar”
From triumph to the brink of despair
Robert Pringle looks at the last two decades, as viewed through the pages of Central Banking
Ex-Fed’s Volcker pans money-market funds
Paul Volcker calls for tougher rules for funds in order to create level playing field
Rodrik: Fed needs paradigm shift
Harvard economists argues the new Fed chairman has to be less in awe of Wall Street
Ex-Fed's Volcker backs global currency
Paul Volcker, a former Federal Reserve chairman, on Thursday argued that the "ultimate logic" of an international financial system was a world currency, but acknowledged that there were no credible alternatives to the dollar for "many tomorrows".
Bring back Glass-Steagall?
Suddenly, everybody is talking again about separating merchant banking from commercial banking. Ideas that a few months ago might have been dismissed as crackpot - bringing back a version of the Glass-Steagall legislation - now look as if they were ahead…
Ferguson, Feldstein join Volcker recovery panel
Martin Feldstein, a Harvard professor; Roger Ferguson, a former vice chairman at the Federal Reserve, and William Donaldson, a former SEC chairman, will join the economic recovery panel headed by Paul Volcker, a former chairman of the Fed.
G30 proposes reforms to punish biggest banks
The biggest financial institutions must be subjected to more stringent regulation and central banks must take a greater role in safeguarding stability, the Group of Thirty, an influential consultative group on economics, has warned.
Obama builds formidable team
Malan Rietveld looks at the new economic brains trust in America and the challenges it will face.
Obama builds formidable team
Malan Rietveld looks at the new economic brains trust in America and the challenges it will face
3 problems that could befall the president's men
President-elect Barack Obama has assembled an all-star economics team. But potential pitfalls remain despite the players' pedigree, Malan Rietveld, the assistant editor of Central Banking journal, notes.
Obama turning to ex-Fed's Volcker on economy
Barack Obama, the Democratic candidate for the United States presidency, is increasingly relying on Paul Volcker, a former chairman at the Federal Reserve, for advice on the economy, reports suggest.