Regulation
How risk management will evolve: RBI’s Thorat
Usha Thorat, a deputy governor of the Indian central bank, says business models and an intuitive approach to risk are key to banks’ success post-crisis
Who should decide on LoLR support?
Central Bank of Uruguay’s Jorge Ponce looks at who should decide on emergency liquidity assistance
Bernanke appeals to keep Fed’s oversight powers
Federal Reserve chairman makes the case for the central bank to retain banking supervision in letter to lawmakers; Volcker supports systemic role
Israel’s Hizkiyahu on financial regulation architecture
Bank of Israel’s Rony Hizkiyahu says move from sectorial to functional regulation key
Reserve Bank of Australia Bulletin (December 2009)
The December installment of the RBA's monthly bulletin contains articles on regulation and domestic economic developments
FSB to probe banks’ progress on pay
Basel-based Financial Stability Board asks financial institutions to report on compensation standards
Basel-offshoot calls for more consistency
Joint Forum publishes recommendations to standardise cross-border regulation in banking, insurance and securities
Senator who proposed Fed overhaul to retire
Senate Banking Committee chairman Chris Dodd, who produced a sweeping bill that seeks to limit Fed power, announces that he will not seek re-election
Leverage constraints: the Canadian experience
Bank of Canada paper shows that domestic banks fared better in the lead up to the crisis for having leverage ceilings; highlights some practical concerns
Iceland’s president vetoes $5.5 billion repayment
Decision underlines uncertainty caused by cross-border banking collapse; sparks rating-agency downgrade
Nigeria dismisses sacking allegations
Central Bank of Nigeria says claims it told banks to sack staff unfounded
Bernanke: low rates didn’t spur housing bubble
Federal Reserve’s Ben Bernanke says direct linkages between low federal funds rate and rise in house prices weak; fix regulation not monetary policy
Old Lady urges banks to use profits to de-leverage
Bank of England calls on banks to plug profits back into fixing balance sheets; Haldane says City exodus may be price worth paying
Basel Committee unveils radical agenda
Liquidity and capital proposals alter definition of capital, introduce global leverage ratio
BoE’s Miles calls for smaller banking sector
Bank of England’s David Miles says the enormous size of the banking sector is no longer justified
Ireland’s Honohan: “intrusive” supervision warranted
Governor of the Central Bank and Financial Services Authority of Ireland says regulator’s heavy handedness justified
Crisis down to global imbalances: Obstfeld, Rogoff
Maurice Obstfeld and Kenneth Rogoff say global imbalances key source of crisis
Imbalances must be addressed: Trichet
ECB president Trichet points to imbalances in emerging Asian countries and stresses importance of Europe-wide and international cooperation on macroprudential supervision
British regulator calls on banks to step up stress tests
British financial regulator beefs up stress test rules; calls on banks to examine business models
Old mortgage model is dead: Fed’s Duke
Federal Reserve’s Elizabeth Duke warns of the ghost of homeownership yet to come
America can learn from us: Uganda’s Tumusiime-Mutebile
Bank of Uganda’s governor says risk-based supervision saved the country’s banks; reinforces the importance of open-market principles for the economy
Ireland creates senior posts
Central Bank & Financial Services Authority of Ireland announces new roles as part of regulatory shift
FSB’s Draghi on global regulation
Financial Stability Board chairman urges patience, stresses importance of political will