United Kingdom
UK ring fence poses legislative challenges
ICB stops short of asking for complete separation of retail arm from investment operations; how the government will legislate on the proposals is still unclear
Sensible ideas from Vickers – but are they too late?
As the banking industry sits on the brink of another crisis, Robert Pringle asks, has the ICB report come too late?
G-7 leaders pledge co-ordinated effort to tackle economic crisis
G-7 finance ministers and central bank governors say concerted effort will be made to co-ordinate action against global economic slowdown
The future of central banking: CB.com panel
Robert Pringle moderates a panel assessing the future of central banking in a post-financial crisis world
Kohn calls for improved transparency for all
Donald Kohn calls for more information from banks; notes “considerable” resources and effort put in by Bank of England to better understand the market
Former chancellor criticises BoE’s King
Alistair Darling accuses Bank of England governor of not recognising the “scale of the problem” the UK faced as the financial crisis took hold
Getting ready for Vickers
Roger Alford an emeritus reader in economics at the London School of Economics takes issue with the core of the British banking system reform
UK jets deliver currency to Libya
Royal Air Force flies banknotes to Central Bank of Libya in Benghazi
Tail risks and contract design: BoE paper
Bank’s Fisher calls for further debate on where tail risks should be held as leveraged financial institutions pose larger systemic risks
UK banking reforms argument rumbles on
Senior UK politicians get involved in debate ahead of final reform proposal report
Mortgage approvals rising in UK
Bank of England monthly Lending to Individuals figures show mortgage approvals continue to increase
Sarb’s Marcus calls for unified commitment to recovery from Western leaders
South African Reserve Bank governor Gill Marcus says lack of confidence and trust leadership in US and Europe has undermined the global recovery
BoE's Weale explains rate-raise vote change
Martin Weale explains decision to vote to hold rates; admonishes low UK savings records and discusses future monetary policy responses
Payments Council lambasted over cheques plan
Treasury Select Committee leaves damning verdict over Payments Council's original decision to abolish system for cheque clearance; says industry-led body should be more heavily regulated in future
PboC adviser calls for urgent reform in the West
People’s Bank of China adviser Li Daokui says Europe and the US must introduce further reforms to address their chronic economic problems
Carney discusses handling of global debt crises
Testifying before the House of Commons Standing Committee on Finance, Carney discusses the handling of debt crises in both the US and the eurozone
New policy approaches should ‘stimulate’ risk-taking: BoE’s Haldane
Andrew Haldane uses historical examples to show macroprudential policy, used to stimulate risk-taking, can work
Bank votes unanimously to hold rates
Bank of England minutes show Monetary Policy Committee members Martin Weale and Spencer Dale drop vote to raise rates due to downside risk from euro area
BoE - Agents' Summary of Business Conditions (August 2011)
Bank of England’s August 2011 Agents' Summary of Business Conditions reports continued weakness in consumer spending
King sees severe threat to UK financial markets
Bank of England governor Mervyn King says fiscal sustainability of European sovereigns continues to pose severe threat to UK financial system
Chancellor calls UK bond market a ‘safe haven’
Chancellor of the exchequer George Osborne says decline in gilt yields and credit default swaps signal flight to safety of UK bonds
BoE offers gloomy UK growth outlook
Bank of England revises downward gross domestic product forecast for 2011 to 2% after “sluggish growth” outlook; governor Mervyn King says future commitment to low interest rates is not an option
Good luck played role in post-crisis recovery: BIS paper
Bank for International Settlements study says combination of good policies and good luck led to variation in macroeconomic performance of countries
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