Regulation
Vietnam sets up anti-counterfeit money section
The State Bank of Vietnam (SBV) has set up an anti-counterfeit money section to protect the Vietnamese dong and raise public awareness of how to recognise counterfeit money, said an SBV official.
Regulators should not be competition authorities
Does the Bank of Italy's rejection of the takeover bid for Banca Nazionale de Lavoro by Italian insurer Unipol mean that the Italian authorities have stopped protecting the Italian banking system?
Caruana to leave Basel Committee in July
Jaime Caruana said on Monday 9 January he will step down as chairman of the Basel Committee on Banking Supervision when he leaves his post as governor of the Bank of Spain in July this year.
Bundesbank rejects report of 1,500 job cuts
The German government is planning to cut about 1,500 jobs at the Bundesbank by the end of 2007, Der Spiegel magazine reported, quoting a letter Barbara Hendricks, secretary of state to the finance ministry, sent to Volker Wissing, a member of the lower…
ECB paper on the new Basel capital framework
The ECB Occasional Paper "The New Basel Capital Framework and its implementation in the European Union" published December 2005 gives an overview of the main issues that relate to the EU implementation, mainly from the perspectives of financial stability…
Dirk Witteveen to chair Joint Forum
The Joint Forum's parent organisations announced on Wednesday 21 December the appointment of Dirk Witteveen as chair of the Joint Forum for a two-year term beginning January 2006.
IFSRA announces new Chief Executive
The Irish Financial Services Regulatory Authority announced on Friday 16 December that Patrick Neary has been appointed to the post of Chief Executive.
Scandals spotlight Italy's regulatory cracks
According to this article published on Wednesday 21 December, Bank of Italy Governor Antonio Fazio's resignation has highlighted the deep problems in Italy's regulatory structure - a system of feeble financial controls which Fazio spent his last months…
Senate approves former regulator to Chile cen bank
Chile's senate has approved the appointment of former banking regulator Enrique Marshall as the new central bank director for the next 10 years, local press reported.
Comment: The benefits of Basel II's colleges
How efforts to implement the new Basel accord are yielding unexpected benefits, with supervisors finding that through their meetings in "colleges", they are learning more about each other's business, how they approach their work and what they need from…
Accounting, risk management, prudential regulation
The BIS has released the Programme from its "Accounting, risk management and prudential regulation" Workshop held on 11-12 November in Basel.
St Lucia to introduce single financial regulator
A Single Regulatory Unit (SRU) involving all parties in the financial sector is currently being introduced in St Lucia. The SRU should come into effect during the last quarter of 2006.
RBA's gain
According to this article published on Wednesday 7 December, Robert Gerard's resignation from the Reserve Bank of Australia's board leaves three important questions to be dealt with. Firstly, has the controversy damaged the RBA and its policy credibility?
Fed's Bies on regulatory capital requirements
In the speech 'Linkages between Internal Capital Measures and Regulatory Capital Requirements' given on 6 December Susan Schmidt Bies of the Federal Reserve said Basel II provides a means for regulators to rely more on banks' internal estimates of risks-…
MAS says regulatory framework fundamentally sound
The Monetary Authority of Singapore has defended Singapore's regulatory framework, saying that it is fundamentally sound.
Buba, BaFin, Bank of Italy sign agreement
The Bundesbank, Germany's financial watchdog BaFin and Italy's central bank Banca d'Italia have signed an agreement to cooperate in the regulation of Unicredito Italiano SpA following its takeover of HVB Group, according to a statement published by BaFin.
Regulators may never police hedge fund conflicts
The US Securities and Exchange Commission is trying hard not to look incompetent in advance of its hedge-fund registration deadline in February, according to this article published on Monday 28 November.
Fed's Bies on developments in regulatory capital
In the speech 'Recent developments in regulatory capital' given on 30 November Susan Bies of the Federal Reserve said concerns raised by a US study of the effects of proposed Basel II bank capital standards may have delayed US implementation of the rules…
Comment: Central banks "shouldn't supervise"
In a speech on Thursday, Howard Davies, who served for two years as deputy governor of the Bank of England and as special adviser to the chancellor of the exchequer, and who is currently director of the London School of Economics, argued that a…
Financial supervision & central bank independence
The Working Paper "Financial supervision fragmentation and central bank independence: The two sides of the same coin?" analyses how the central banks role in the monetary institutional setting can affect the unification process of the overall financial…
New Crisis Management section on RBNZ's website
The Reserve Bank of New Zealand introduced a new section to its website on Friday entitled Crisis Management.
Tripartite protocol on banking supervision signed
Jean-Claude Trichet and Dr. Farouk El Okdah, governor of the Central Bank of Egypt, on 13 November signed a Tripartite Protocol to mark the start of a Eurosystem Technical Assistance Programme on Banking Supervision.
EC endorses amended IAS 39
The European Commission (EC) has endorsed the amended version of the International Accounting Standard 39 (IAS 39).
Shariah guidelines
Comments by delegates attending a conference on Islamic financial services in Luxembourg suggest that Shariah guidelines present a headache for central bankers.