Regulation
British bankers lobby Banking Commission
British Bankers’ Association chief executive Angela Knight warns against breaking up the banks; argues Basel III does not need to be buffered by national measures
Transition for 2012 will prove tricky, FSA officials acknowledge
Hector Sants says project will be complete by year after next, but acknowledges strain on those involved; Turner echoes comments
Interview: Agustín Carstens
The governor of the Bank of Mexico tells Claire Jones about how the central bank is improving its capacity to safeguard financial stability
HKMA measures cost of regulatory reform
Hong Kong Monetary Authority finds positive effect from Basel III
BoE’s Haldane offers a case for macroprudential policy
Andrew Haldane says credit cycles arise from collective action failures, justifying systemwide measures; argues against leaning against the wind
SEC risk chief to step down
First head of regulator's risk division will return to academia in January
Large pension funds a threat to financial stability – European Commission
European Commission says pension funds should also be classed as “too big to fail”
Fed issues guidelines on Volcker rule enforcement
Federal Reserve guidelines cover aspect of rule that extends compliance period to firms regulated by the central bank
The unintended consequences of the new prudential framework
The new regulatory code could have some dangerous side effects, Jacques de Larosière writes
Asia Risk Congress 2010: G-20 poised to tackle shadow banking and commodity derivatives
The G-20 is not going to sit still after its historic endorsement of Basel III. New targets include the shadow banking system and commodity derivatives, according to a senior Japanese government official.
Canada’s Carney favours contingent capital solution to too big-to-fail
Bank of Canada governor Mark Carney says embedding contingent capital in all future issues of new debt will privatise losses
Politics won't get in the way of Sifi plans: FSB's Draghi
Financial Stability Board chairman Mario Draghi says resolution regimes for systemically important banks operating across borders need not be bogged down in political tensions
Fed’s Tarullo defends US record on Basel II
Federal Reserve governor Daniel Tarullo dismisses criticism over US implementation of minimum capital requirements under Basel II; says Basel III will only be effective if applied rigorously by all countries
Banks could circumvent Volcker rule by gaining hedge fund exposure synthetically
Volcker rule may contain loophole that allows banks to invest in hedge funds
Bankers hit out at Basel III trade finance rules
Bank chief executives say tough rules on trade finance will suffocate global trade, putting growth at risk
Basel III will choke SMEs, say leading bankers
Sands, Ackermann emphasise need for policy that supports small and medium enterprises; reiterate calls for a level playing field under Basel III
Italy: Basel II framework left banks defenceless against monetary policy shocks
Bank of Italy study shows higher capital requirements under Basel II did not guard against monetary policy shocks
Islamic finance poses challenges for central banks: Bank of Italy
Bank of Italy study says underdeveloped market for Islamic finance creates problems for central banks and regulators
Quant Congress Europe: Basel III CVA charge political, says Swiss regulator
Finma official hits back at industry criticisms of counterparty risk charge, but concedes political pressure to hurt OTC market is undeniable