Regulation
Former Bank staff sceptical on FSA split
Ex-Bank of England officials view cultural factors as barrier to success of UK government's plan to return prudential regulation to Bank
Financial Services Authority - Annual Report (2009/10)
UK Financial Services Authority's annual report discusses the regulator's transformation since the financial crisis
Bernanke supports greater macroprudential focus in regulation
Federal Reserve chairman Ben Bernanke says reform must focus on macroprudential financial regulation in line with Squam Lake report
FSA’s Sants calls on regulators to judge banks' culture
UK Financial Services Authority chief Hector Sants says supervisors can no longer back away from judging whether culture in banks complies with accepted standards
Corporates should be forced onto central counterparties – BIS
Central counterparties are wrongly perceived as being more expensive than OTC transactions, says a leading economist
FSA split as Britain switches to twin-peaks approach
Hector Sants to become deputy governor and chief executive of new prudential regulator, which moves to the Bank of England
UK Banking Commission proposes adoption of Volcker Rule
Report on banking reform proposes that modified version of Volcker rule be adopted
Ireland's Honohan outlines central bank's failures
Irish central bank governor Patrick Honohan cites failures in bank management for poor response to crisis in central bank review
Top economists call for central banks to oversee financial stability
Leading thinkers including former Federal Reserve Board governor Frederic Mishkin say central banks should watch financial stability; set of crisis prevention proposals include limits on bankers’ pay
US must clarify degree of Basel III implementation: Bini Smaghi
ECB executive board member Lorenzo Bini Smaghi says US needs to clarify its implementation of Basel III proposals
BIS’s Cecchetti: cross-border supervision worth the risk
Head of monetary and economic department at the Bank for International Settlements Stephen Cecchetti says benefits of global financial integration outweigh costs
Wellink says Basel III to be phased in gradually in bid to soothe fears
Basel Committee chairman Nout Wellink says proposals on new regulations on banking will be introduced in an orderly manner; unrepentant on costs to growth
UK FSA risk chief Dewar resigns
Financial Services Authority's head of risk Sally Dewar will leave the role in May 2011 as uncertainty persists over the regulator's future; Dewar to follow chief executive Hector Sants
Basel III will cost 9m G3 jobs by 2015, say banks
Institute for International Finance report estimates will lead to euro area growth being 4.3% lower in five years’ time
IMF: Sub-Saharan banks are cost efficient
Fund study on Sub-Saharan Africa finds banks in the region are cost efficient, but can do better if regulation is improved
Irish CB “taking action” to fix flaws, says governor
Governor Patrick Honohan tells CentralBanking.com the institution is rectifying cultural and structural problems flagged by his report into central bank’s pre-crisis performance
Europe raring to go on CDS rules, bank taxes
Brussels praises the political dynamic behind move for tightened financial regulation as French president Nicolas Sarkozy and German chancellor Angela Merkel call on Commission to speed up work
FDIC's Bair on mortgage reform
Federal Deposit Insurance Corporation chairman Sheila Bair makes the case for more responsible mortgage lending
Ireland’s Honohan to criticise central bank’s role in crisis: reports
Irish media say report authored by central bank chief Patrick Honohan will charge his own institution and the financial regulator with having failed in the lead up to the country’s banking crisis
G20 ditches controversial global bank tax
Finance ministers splinter on international banking levy, complicating individual countries’ promises to adopt a tax; group unites in call for Basel III to be completed by year-end
Ten legal gaps Europe’s regulators must close
René Smits identifies ten key issues that European financial legislators must consider when constructing the post-crisis regulatory framework
Brussels calls for European ratings supervisor
European Commission proposes new body to oversee all credit ratings agencies operating in the European Union; security issuers must provide information to all agencies to boost competition
Barroso moots European ratings agency
European Commission president's calls echo those of Michel Barnier; says proposals will be released in September