Regulation
Fed's Olson on compliance-risk management
In the speech 'Enterprise-wide compliance-risk management' given on 10 April Mark Olson of the Federal Reserve said banks and other financial services firms need to bolster their compliance and risk management activities by turning them into…
Zeti at the Education in Islamic Finance launch
In a speech at the launching of The International Centre For Education In Islamic Finance (INCEIF) given on 23 March Zeti Akhtar Aziz of the Central Bank of Malaysia said in meeting the objective of providing a total talent management solution for the…
Fed's Bies on recent regulatory proposals
In the speech 'A risk-management perspective on recent regulatory proposals' given on 10 April Susan Schmidt Bies of the Federal Reserve said that banking supervisors were concerned that lenders might be relaxing some terms more than was healthy for them…
Comment: Sparks continue to fly in Poland
Sparks continue to fly between the president of the National Bank of Poland, Leszek Balcerowicz, and the ruling Law and Justice Party. While a controversial bank merger, which the government tried to block, has now been approved, tension remains high as…
Basel Committee seeks comments
The Basel Committee on Banking Supervision on Thursday 6 April issued for public comment updated versions of the 1997 Basel Core Principles for Effective Banking Supervision and the 1999 Core Principles Methodology.
Jersey co-operation with Qatar Central Bank
The Jersey Financial Services Commission and the Qatar Central Bank signed a Memorandum of Understanding on Friday 31 March.
Reserve Bank of Malawi seeks autonomy
The Reserve Bank of Malawi has proposed for the amendment of the Malawi constitution so that it can move to a semi-autonomous status.
Fed's Bies on sound capital and risk management
In the speech 'Sound capital and risk management' given on 29 March Susan Schmidt Bies of the Federal Reserve said the Fed is committed to maintaining strong bank capital levels as institutions make the transition to standards under new Basel II capital…
Comment: 'Impasse' over CBK governor's position
A spokesperson for the Central Bank of Kenya has told CentralBankNews that the current wrangling between the central bank and the government has reached "an impasse". The governor of the central bank, Andrew Mullei, has been charged with four counts of…
Parliament to probe Poland's central bank
The Polish parliament voted on Friday 24 March to establish a panel to investigate decisions by the National Bank of Poland on foreign takeovers in the financial sector since communism fell.
Argentine central bank to increase oversight
Argentina's central bank intends to step up oversight over foreign exchange trading, according to a report.
Fed's Spillenkothen to retire
Rich Spillenkothen, the director of the Division of Banking Supervision and Regulation, will retire on June 30 after thirty years of service with the Federal Reserve Board, including nearly fifteen years as the director of the division.
NBP's Balcerowicz warns of political risks
Leszek Balcerowicz, president of the National Bank of Poland, has warned that the creation of an investigative committee for banking supervision will result in an increase in political risk.
Bundesbank's Meister defends Polish regulator
Germany's central bank has criticised Poland's plans to reform its financial regulator, saying the move would isolate the country.
Comment: The benefits of supervisory integration
A new IMF working paper investigates the trend toward integrating the regulation and supervision of banks, non-bank financial institutions and securities markets. The authors attempt to fill a gap in the literature by empirically assessing the impact…
ECB's Bini Smaghi on financial market supervision
In the speech 'Independence and accountability of supervision in the european financial market' given on 9 March Lorenzo Bini Smaghi of the ECB said the increasing European financial integration poses difficult challenges for the institutional…
Comment: Balcerowicz battles on
The president of the National Bank of Poland (NBP), Leszek Balcerowicz, and the ministry of finance are at loggerhead over a hotly debated bank merger. The government wants the deal blocked, Balcerowicz refuses to do so. Even as his first term draws to…
Bernanke on community banking & bank supervision
In the speech 'Community banking and community bank supervision in the twenty-first century' given on 8 March Ben Bernanke of the Federal Reserve said the rapid growth in commercial real-estate loans made by community banks bears watching.
NBP chief defends decision over meeting
Leszek Balcerowicz, governor of the national bank of Poland, rejected accusations on Friday 10 march that he broke the law by excluding a government official from a regulatory meeting on Italian lender UniCredit's deal to buy Polish Bank BPH.
Fed's Kohn on regulatory relief
In testimony 'Regulatory relief' given on 1 March Donald Kohn of the Federal Reserve said the Federal Reserve will continue to be "a strong and active supporter" of legislative efforts to provide regulatory relief in the banking sector.
Significant progress on global financial stability
Senior regulators, who met on Wednesday 1 March, said that progress had been made in improving the stability of the global financial system, but noted that much more needed to be done.
ECB's Gonzalez-Paramo on EU cross-border banking
In the speech 'Cross-border banking in the EU: developments and emerging policy issues' given on 24 February Jose Manuel Gonzalez-Paramo of the ECB said financial integration is a highly dynamic process, in which market developments and policy action are…
Wellink on regulators and the pension industry
In the speech 'How regulators contribute to a sustainable pension industry' given on 15 February Nout Wellink of the Netherlands Bank said the Dutch central bank has set up a working group looking at ways of making the country an attractive domicile for…
BI to introduce Sharia Banking Committee
Bank Indonesia intends to develop Sharia Banking Committee (KPS) as the regulatory body for sharia banks.