Regulation
Italy’s Draghi welcomes Islamic finance
Bank of Italy’s Mario Draghi says sharing information crucial to the smooth integration of Islamic finance
Separating the casino from the retail bank will not work
A division between investment and retail banking will not prevent future financial crises, Clive Briault, the founder of Risk and Regulation Consulting and a former managing director at the Financial Services Authority, argues
Senator calls for Fed’s powers to be cut
Chris Dodd, head of the Senate Banking Committee, submits bill demanding reduction in Fed’s supervisory ambit; calls for one overall regulator
Multilaterals define systemic importance
Report suggests an initial framework that can be adapted by individual countries
Fed’s Tarullo warns against another Glass-Steagall
Fed governor Daniel Tarullo says split between investment and commercial banking would do little to abate too-big-to-fail problem
Morocco to cap reform with price target
Governor tells CentralBanking.com that Bank Al-Maghrib is preparing to adopt inflation target
Interview with Abdellatif Jouahri
The governor of Bank Al-Maghrib talks to CentralBanking.com about the success of the country’s financial reform efforts
Social contract needs a revamp
Bank of England’s Andrew Haldane finds that social contract between banks and the state needs to revised
RBA’s Lowe: approaches to financial stability vary
Reserve Bank of Australia’s Philip Lowe says there is no one-size-fits-all approach to financial resilience
Financial regulation needs unorthodoxy – Gopinath
Reserve Bank of India’s Shyamala Gopinath says financial regulatory framework needs to move away from orthodoxy
Pillar 3 crucial for bank safety
Bank of Finland examines the combined effect of the Pillar 1 minimum capital requirements and Pillar 3 disclosure requirements of Basel II on bank safety
Interview: Heng Swee Keat
In an exclusive interview, the managing director of the Monetary Authority of Singapore discusses the impact of the financial crisis and how monetary and regulatory policies will change as a result
How global imbalances exacerbated the crisis
Riksbank's Barbro Wickman-Parak says imbalances contributed to the rise of complex instruments and structures
Reflections on the future of the banking system
John Chown assesses the lessons from the past for the creation of a sustainable banking system.
On the record: Paul Volcker
The former Fed chairman tells Congress that the central bank must take the leading role in regulating the financial system
Crisis calls for more active regulation : MAS head
Monetary Authority of Singapore's Heng Swee Keat calls for central banks to examine business models and strategies
Shirakawa blames human nature for bubbles
Bank of Japan's Masaaki Shirakawa says bubbles' causes will eventually boil down to the human nature
RBS and Lloyds to get £39.2 billion more
The part-nationalised banks are set to receive up to £39.2 billion in additional support measures announced on Tuesday
Sweden’s Nyberg calls for a “bolder agenda”
Lars Nyberg, a deputy governor of the Riksbank, calls for a common international approach to crisis management
Bank of Russia – Banking Supervision Report 2008
Central bank governor says Russian banks must urgently make provisions and raise additional capital
IMF upbeat on Hong Kong
GDP predicted to grow 5% next year after 2% contraction in 2009, says IMF
Too-big-to-fail matters for macroprudence
Federal Reserve Board research looks at the dynamics of spillover effects of the global financial crisis to Asia and Pacific region
Narrow banking would create more instability: FSA’s Turner
Adair Turner, the head of Britain’s financial regulator, says narrow banking is not the solution because it fails to understand the root problem in the sector
Innovation, not regulation, the challenge
Heng Swee Keat, head of Singapore’s central bank, said Asian economies have different needs in emerging from the current financial crisis