Regulation
Trichet on the current state of EU banking sector
In a speech on 'The current state of the EU banking sector' given on 5 May, Jean-Claude Trichet of the ECB said a number of challenges remain both for banks and authorities, in particular, in the structural domain. Several EU countries are still faced…
Basel II talks over by end June - Caruana
Financial regulators expect to end talks to redraft global banking regulations, known as Basel II, by the end of June, Jaime Caruana, head of the Basel Committee on Banking Supervision, was quoted as saying on Tuesday 27 April.
Sweden's Heikensten on European banking
In a speech on 'The Integration of European Banking: Some Regulatory Challenges' given on 21 April, Lars Heikensten of the Sveriges Riksbank said in order to gain the full benefits of financial integration, we must build a regulatory framework which…
Malaysia to adopt 2-phase Basel II approach
Malaysia will adopt a 2-phase approach towards the Basel II banking accord, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
Basel supervisors urge more work on terror funds
Top banking supervisors on Wednesday called for more action to deprive terrorists of funding by sharing information and cracking down on informal money transfer networks.
Abu Dhabi to host hawala conference in April
The United Arab Emirates central bank will hold the Second International Conference on hawala in Abu Dhabi on 3rd & 4th April, 2004.
Viyuygin to take up post at Russian regulator
Russian Prime Minister Mikhail Fradkov on Wednesday (24 March) appointed Oleg Vyugin, deputy chairman of the Russian central bank, as chairman of the national securities market regulator, the government said.
Bank of England told to freeze HAMAS assets
The Bank of England, as agent for Her Majesty's Treasury, on Wednesday 24 March directed financial institutions that any funds which they hold for or on behalf of the individuals named below must be frozen.
Court hears Eddie George was misled over BCCI
The court case into the collapse of the BCCI in London heard this week that former Bank of England governor Eddie George was misled by a senior official at the Bank.
Park on Korea's bank supervisory arrangements
In a speech on 'Korea's experience in the choice of bank supervisory arrangements' given on 12 February, Dr Seung Park of the Bank of Korea said he thinks it is crucial that the supervisory agency be required to consult with the central bank before the…
Basel regulators press US over accord, say sources
Reports on Monday 8 March said that European regulators have given the US a deadline of 1 April for proposals required to finish the Basel II agreement, with concern from top central bankers that the accord be completed on time.
China plans central bank inspection
China plans to launch an extensive inspection of the central bank as well as three policy banks and five commercial banks, in an effort to strengthen state supervision over China's ailing banking sector, the official news agency said.
FATF strengthens global anti-money laundering
The Financial Action Task Force announced on Friday 27 February at its Plenary meeting that, due to substantial reforms by the Ukraine and Egypt, it has removed the two countries from its list of Non-Cooperative Countries and Territories (NCCTs).
Finland central bank bill withdrawn
A controversial bill that would have given the Finnish government the right to grab central bank funds has been withdrawn.
UAE's anti-money laundering laws praised
Governor of the UAE central bank Sultan bin Nasser Al Suwaidi has said that the UAE's anti-money laundering law has helped reduce serious cases since it was passed in 2002.
Court told 'Treasury in the dark' over BCCI affair
The High Court in London heard on Monday 16 February that the Bank of England allegedly deliberately withheld information about the state of BCCI from the Treasury because it was concerned that the government department would force the bank's closure.
Central banks share anti-counterfeiting technology
This article looks at the use of anti-counterfeiting technology in software, saying that a group of central banks, including the Bank of Canada, are quietly giving secret anti-counterfeiting technology to computer and software manufacturers in an attempt…
Improvements to the Federal Reserve's website
The Federal Reserve Board on Tuesday 10 February announced a number of improvements to its website, including the capability to view and submit comments on regulatory proposals.
UAE to hold seminar on money laundering
Senior government officials and lawyers will gather at the UAE central bank on Saturday 14 February to discuss legal procedures against money laundering.
EU regulators to redraft settlement standards
European financial regulators are to soften proposed new standards on clearing and settlement after fierce lobbying and sustained criticism from banks and industry bodies.
RBI governor to lead market surveillance panel
The Reserve Bank of India has formed a high power committee headed by the governor for integrated market surveillance and alert systems. The committee is to strengthen market supervision and monitoring.
Court told BoE broke rules over BCCI
It was alleged in the High Court in London on Wednesday 4 February that the Bank of England broke banking regulations in two areas when it licensed the now collapsed Bank of Credit and Commerce International.
Italy's cabinet approves regulatory reform bill
Prime Minister Silvio Berlusconi's cabinet approved a draft law on Tuesday 3 February to reform Italy's financial regulatory system, effectively leaving the Bank of Italy with a veto over banking mergers.
Authorities considering independence for HKMA
Financial secretary Henry Tang has introduced the possibility that the Hong Kong Monetary Authority could gain full independence.