Regulation
Speech by W. McDonough, New York Fed Bank, 18 Sep
SPEECH - In the speech titled 'Completing the Journey to the New Basel Accord' McDonough said that motivating all banks to improve their management of risk, and thereby strengthen the stability of the banking system, is one of the principal objectives…
Impact Survey of New Basel Capital Accord
REPORT - The Basel Committee on Banking Supervision on 1 October launched a comprehensive field test for banks of its proposals for revising the 1988 Capital Accord. The field test referred to as the third quantitative impact study, or QIS 3, represents…
Singapore c bank unveils rules on terror funding
SINGAPORE - The Monetary Authority of Singapore (MAS) has unveiled sweeping measures for local banks to choke off access by terror groups to funding and weapons.
Regulatory board for accountants hits snag
US - The process of setting up the new regulatory board for accountants is being delayed because of a dispute over one possible member, Donald Kirk, a former regulator criticised for being too close to the audit profession.
Speech by Susan Schmidt Bies of the Fed, 28 Sep
SPEECH - In the speech titled 'Bank Performance and Corporate Governance' Bies said that following sound accounting, auditing, and disclosure practices consistently is crucial to maintaining the confidence of capital and financial markets. We should…
MAS unveils new rules to stop terrorist financing
SINGAPORE - The Monetary Authority of Singapore (MAS) has unveiled new rules aimed at choking the flow of funds for terrorist groups.
Speech by T P Naranubala, Bank of Thailand, 19 Sep
SPEECH - In the speech titled 'How to create a stable financial environment in emerging market economies' Naranubala said that emerging market economies and stable financial environment do not always go hand in hand. They are invariably at some points in…
Banks must improve for new Sept 11-Swiss Nat Bank
SWITZERLAND - Financial institutions must take possibly costly steps to improve the global banking system's ability to handle another event like the September 11 attacks on the United States, a top central banker said on Monday.
Speech by P M na Ayudhya, Bank of Thailand, 10 Sep
SPEECH - In the speech titled 'Central Bank Independence: What Does It Mean? The Bank of Thailand's Experience' Ayudhya quoted a former governor of the Bank of Thailand on the issue of central bank independence, "If the policy in question is so profound…
Speech by Ernst Welteke of the Bundesbank, 24 Sep
SPEECH - In a speech titled 'Financial market disturbances: a challenge for monetary policy' Welteke said central bankers are a cautious lot. They do not easily buy into market euphoria nor do they buy into gloomy scenarios. To contain financial market…
A Factsheet from the IMF - Money Laundering
FACTSHEET - The IMF and the Fight Against Money Laundering and the Financing of Terrorism, 31 August 2002.
A Factsheet from the IMF - Good Governance
FACTSHEET - The IMF and Good Governance, 21 August 2002.
Speech by T P Naranubala, Bank of Thailand, 4 Sep
SPEECH - In the speech titled 'The Role of Non-Bank Financial Institutions in relation to Monetary Policy' Naranubala said that the task of the central bank in monetary policy is to ensure that it sets the right policy, and that its policy is transmitted…
Speech by Fed Chairman Alan Greenspan, 25 Sep
SPEECH - In the speech titled 'Regulation, Innovation, and Wealth Creation' Greenspan said transparency may present a paradox. On the one hand markets function best when the participants are fully informed. But the full disclosure of what some…
IMF hails Russian banking reforms
RUSSIA - The International Monetary Fund has hailed measures in Russia to reform the country's banking system.
Speech by M R P Devakula, Bank of Thailand, 26 Aug
SPEECH - In the speech Devakula said that as financial regulators, one of the Bank of Thailand's main tasks is to provide a prudential framework ensuring the overall improvement of risk management of financial institutions. In the case of Thailand…
Ireland's central bank launches insurance guide
IRELAND - A new information leaflet for consumers about buying investment and insurance products was launched by the Irish central bank on Tuesday.
Transparency at the IMF
REPORT - A Factsheet published by the International Monetary Fund on 20 September 2002.
Bank of Albania brief gov't on money launder fight
ALBANIA - Bank of Albania governor Shkelqim Cani reported in a hearing session in parliament on 23 September, evening, on measures undertaken from the Central Bank, concerning the war on money laundering, as one of the most important means of the war on…
China revises internal bank rules
CHINA - China's central bank introduced revised rules on the internal controls of commercial banks yesterday, in a further effort to reduce the possibility of financial risks.
ECB Press Release
PRESS RELEASE - ECB hosts consultation on integration of short-term securities markets, 16 September.
Irish association calls for central bank reform
IRELAND - The Consumers' Association of Ireland has called for a lessening of the power of the Department of Finance and the Central Bank in how the new financial regulator will work.
China central bank urges banks to step up controls
CHINA - The People's Bank of China (PBOC), the country's central bank, on Wednesday issued guidelines on commercial banks' internal control, in a bid to urge the banks to improve their control system, minimize financial risks and ensure the safety of the…
SA financial system stable: Mboweni
SOUTH AFRICA - Local financial regulators are highly optimistic about the stability of the country's financial system, says Tito Mboweni, the SA Reserve Bank governor.