Banking
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
Israel’s Hizkiyahu on financial regulation architecture
Bank of Israel’s Rony Hizkiyahu says move from sectorial to functional regulation key
Reserve Bank of Australia Bulletin (December 2009)
The December installment of the RBA's monthly bulletin contains articles on regulation and domestic economic developments
FSB to probe banks’ progress on pay
Basel-based Financial Stability Board asks financial institutions to report on compensation standards
Basel-offshoot calls for more consistency
Joint Forum publishes recommendations to standardise cross-border regulation in banking, insurance and securities
Senator who proposed Fed overhaul to retire
Senate Banking Committee chairman Chris Dodd, who produced a sweeping bill that seeks to limit Fed power, announces that he will not seek re-election
Leverage constraints: the Canadian experience
Bank of Canada paper shows that domestic banks fared better in the lead up to the crisis for having leverage ceilings; highlights some practical concerns
Nigeria dismisses sacking allegations
Central Bank of Nigeria says claims it told banks to sack staff unfounded
Basel Committee unveils radical agenda
Liquidity and capital proposals alter definition of capital, introduce global leverage ratio
Ireland’s Honohan: “intrusive” supervision warranted
Governor of the Central Bank and Financial Services Authority of Ireland says regulator’s heavy handedness justified
Imbalances must be addressed: Trichet
ECB president Trichet points to imbalances in emerging Asian countries and stresses importance of Europe-wide and international cooperation on macroprudential supervision
British regulator calls on banks to step up stress tests
British financial regulator beefs up stress test rules; calls on banks to examine business models
Old mortgage model is dead: Fed’s Duke
Federal Reserve’s Elizabeth Duke warns of the ghost of homeownership yet to come
America can learn from us: Uganda’s Tumusiime-Mutebile
Bank of Uganda’s governor says risk-based supervision saved the country’s banks; reinforces the importance of open-market principles for the economy
SNB’s Hildebrand on too big to fail
Swiss National Bank’s Philipp Hildebrand stresses that banks must be allowed to collapse without hindrance to the real economy
FSA outlines "sceptical approach"
Margaret Cole, the regulator’s director of financial crime and enforcement, elaborates on its strategy, and highlights some of its successes
The relationship between deregulation and firm volatility
Federal Reserve paper finds evidence from the 80s suggesting volatility declined as a result of interstate deregulation
Honohan clashes with Dublin on bankers’ pay
New central bank governor suggests government’s attempts to limit pay will hinder recovery of Ireland’s banks
UAE gives go-ahead for Basel II
Central Bank of the United Arab Emirates says it will begin implementing capital adequacy standards
What living wills should do: Bank’s Bailey
Andrew Bailey, the Bank of England’s head of banking services, explains the form and objectives of recovery and resolution plans
UK regulator to be allowed to “tear up” bankers’ contracts
Britain’s financial regulator will have its powers increased, allowing it to punish errant banks and bankers for excessive risk-taking
Fed bans ATM, debit-card overdraft fees
Federal Reserve says banks will no longer be able to charge overdraft fees for ATM and debit-card payments
Italy’s Draghi welcomes Islamic finance
Bank of Italy’s Mario Draghi says sharing information crucial to the smooth integration of Islamic finance
Senator calls for Fed’s powers to be cut
Chris Dodd, head of the Senate Banking Committee, submits bill demanding reduction in Fed’s supervisory ambit; calls for one overall regulator