Regulation
Moral Hazard Issues in Banking-BoF conference
SEMINAR - The Bank of Finland and the Centre for Economic and Policy Research are holding a conference on "Moral Hazard Issues in Banking" from Mar 15-16, 2001. A number of distinguished economists and central bankers are presenting papers. The programme…
Turkey's banking watchdog seized control of bank
Turkey's banking watchdog seized control of a mid-sized private bank early on Mar 15, 2001 in a sign the government is determined to clean up a crisis-ridden banking sector that threatens the entire economy.
BOJ Hayami says structural reform indispensable
Bank of Japan Governor Masaru Hayami said on Mar 15, 2001 that structural reform in the Japanese economic system and industry is needed to make monetary policy fully effective.
Argentine cbank chief testifies, quotes Kafka
Argentina's embattled central bank president Pedro Pou testified before a congressional commission on Mar 14 to defend himself from allegations he turned a blind eye to money laundering.
ECB plans statement on banking supervision - paper
The European Central Bank plans to issue an official warning to governments not to curb the role of central banks in banking supervision, a German newspaper reported on Mar 14, 2001.
UK banks at fault over Abacha money laundering-FSA
RESEARCH REPORT - The UK Financial Servicies Authority has concluded an investigation into UKbanks' financial dealings with the deposed Nigerian leader, General SaniAbacha. The report is strongly critical of control failures at 15 UK bankswhich laundered…
Argentine cbank head asks judge to suspend probe
Argentina's Central Bank President Pedro Pou asked a federal judge on Mar 12, 2001 to stop a congressional commission investigating charges he turned a blind eye to money laundering from voicing its conclusion.
Euro & Talous - Bank of Finland quarterly
RESEARCH PAPER - It would be wrong to think that the positive developments in central government finances in Finland in 2000 have opened the way for a permanent increase in government spending, since the growth of tax revenue is likely to slow…
Recent Developments in Financial Markets-Clementi
SPEECH - In a speech titled "Recent Developments in Financial Markets: Some Implications for Financial Stability" delivered at the Banca D'Italia on Mar 9, 2001, David Clementi, deputy governor of the Bank of England, discusses some recent developments…
Standards and Codes-A tool for growth- IMF Koehler
SPEECH - Horst Kohler, managing director of the IMF, gave a interesting speech titled "Standards and Codes - A Tool for Growth and Financial Stability" on Mar 7, 2001, at a joint IMF/World Bank Conference on International Standards and Codes. He outines…
Financial supervisory body under Bank of Estonia
After a hard fought battle, the Estonian parliament has decided by a majority of votes to place the integrated financial supervisory body under the Bank of Estonia.
China probes bank loans in stock markets - paper
China's central bank has launched a probe into domestic banks which might have lent money for stock speculation, state media said on Mar 12, 2001.
Head of Colombian cbanks defends his policies
The managing director of the Central Bank of Colombia, Miguel Urrutia, has denied in an interview that the bank is responsible for Colombia's economic crisis and 20.5 per cent unemployment.
Philippines to improve transparency of cbank
The Philippine government will take measures to further improve transparency and accountability of monetary authorities, according to a news release from the presidential palace on Mar 10, 2001.
Changing the guard on Capitol Hill-by Richard Hill
ARTICLE - Months after Bush's win, two of America's key regulators, the SEC and CFTC, are still without chairmen. In the latest issue of The Financial Regulator Richard Hill examines the likely nominees, and what the new Congress has in store for them.
The rise and fall of consortium banks-by R Roberts
ARTICLE - Consortium banks, which flourished in the early "unregulated" years of the Euromarkets, have all but disappeared. Richard Roberts explains how concern about their stability prompted the BIS to develop the principle of "parental responsibility"…
Measuring regulatory success- by Alan Cameron
ARTICLE - Effective regulation cannot be measured by high-profile prosecutions or by counting boxes ticked. Financial regulators have much to learn from Professor Malcolm Sparrow's study of crime and environmental policing, argue Alan Cameron and Bill…
China seeks HK expert to join central bank
China's Premier Zhu Rongji is seeking a Hong Kong banker to become a deputy governor of the country's central bank, a move which analysts say shows Beijing is serious about beefing up its regulatory control of the banking sector.
Central banks key to financial stability-BOI, BOF
The internationalisation of institutions and financial activities has heightened the importance of national central banks in ensuring financial stability, the governors of the Bank of Italy and Bank of France said in separate speeches on Mar 9.
B-shares and China's monetary and banking systems
The removal of restrictions on the holding of B-shares should have a generally positive effect on the development of Mainland China's monetary and banking systems, says Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly…
BOI Desario-Mergers not the only way to efficiency
The Bank of Italy director general Vincenzo Desario said Mar 8, 2001 that bank mergers were not the only way to achieve efficiency and competitiveness in the banking system.
China shareholding banks must reform further-PBOC
Shareholding commercial banks must be encouraged to further improve their corporate management structure and financial services to develop in a sound, steady way, said the governor of the People's Bank of China.
CBC gov favours listing of Taiwan firms in China
Perng Fai-nan, governor of Taiwan's central bank, said on Mar 7, 2201 that he personally endorses Taiwanese manufacturers that have set up companies in mainland China to get listed on the mainland's stock markets for fundraising purposes.
Does Europe want a single market?-Malcolm Levitt
The shortcomings of Europe's single market for financial services extend farbeyond securities markets. Consumers lose, and politicians seem to lack thestomach for reform. Radical change, including the swift adoption of AlexandreLamfalussy's…