Banking
Video: BoJ’s Hiromi Yamaoka on the failure of global rulemakers to learn from Japan’s ‘lost decade’
Hiromi Yamaoka speaks about new recovery and resolution plans, the strength of the Japanese banking system and why he’s not worried about spiralling government debt
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
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
Financial institutions scramble to avoid Sifi label
Federal Deposit Insurance Corporation detects “absolutely no interest” from any financial institution in being named a systemically important financial institution
Singapore’s Tai on deepening Islamic capital markets
Monetary Authority of Singapore executive director Tai Boon Leong says wider range of products will help deepen Islamic capital markets
Reforming financial regulation and the international monetary system
The regime we have is far from perfect. But regulatory oversight can go some way towards countering its flaws, Jacques de Larosière believes
Were the ‘bloody bankers’ to blame?
J.R. Sargent assesses whether the public scorn poured on bankers is justified
Crisis propagated liquidity shortage: Bank of Canada paper
Bank of Canada study shows banks that rely on wholesale funding were worst affected during the crisis
Eurostat continues to deny knowledge of Greece-Goldman swaps
Statistics body insists it only found out about the controversial cross-currency swaps between Greece and Goldman Sachs in 2010
Malaysia’s Zeti urges more reforms to Islamic financial system
Bank Negara Malaysia governor Zeti Akhtar Aziz calls for further development of cross-border framework in Islamic financial system
Basel Committee unveils final proposals on pay
Basel Committee on Banking Supervision reveals risk-adjusted remuneration report; urges large firms to move away from remunerating employees based purely on their profits
China to ‘strengthen investigation' into shadow banking problems
“Risk control situation is grim,” warns top banking regulator
Elderfield details Ireland's new risk assessment model
Matthew Elderfield, head of financial regulation at the Central Bank of Ireland, reveals details of new ‘Prism’ risk assessment model
FSB outlines road to shadow banking regulation
Financial Stability Board sets out detailed definition of shadow bank; outlines possible future steps to better regulate the system
UAE furthers involvement in bank director appointments
New rules will allow the Central Bank of the United Arab Emirates to veto candidates for bank director positions
Spain’s Ordóñez on how to reap benefits from stress tests
Bank of Spain governor Miguel Fernández Ordóñez says stress tests helped increase transparency in banking sector
Turkey’s Yılmaz on liquidity management
Central Bank of Turkey governor Durmuş Yılmaz on liquidity management issues in Islamic finance
RBI’s Chakrabarty on purpose-based lending
Reserve Bank of India deputy governor Kamalesh Chandra Chakrabarty discusses benefits of move from security-based lending to purpose-based lending in 1960s
Ireland’s Elderfield: we’ll not haircut senior debt
Matthew Elderfield, Ireland’s head regulator, assures senior bondholders in four banks they will not face “action”
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
Lawmakers say competition in UK retail banking “non-existent”
Report by parliamentarians says pre-conditions for effective competition in retail banking market "not present”; calls for test for proposed future divestments of government-held stakes in banks
Financial Stability Board publishes survey responses
Comprehensive survey answers reveal FSB member countries’ plans to conform with the G-20’s recommendations for strengthening financial stability
Russia and ECB complete co-operation programme
ECB announces the completion of a co-operation programme with the Bank of Russia, designed to improve banking supervision and internal audit in the country
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