Regulation
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
BIS global financial regulator needed: Griffith-Jones
Stephanie Griffith-Jones argues for far stronger global financial regulatory governance under the Bank for International Settlements (BIS)
Global regulatory reform not in sight: Kern Alexander
Kern Alexander says consensus on international regulatory reform is still far ahead
India’s Thorat: coordination key in crisis
Reserve Bank of India’s Usha Thorat draws regulatory and crisis-management lessons from India’s past financial crises
Geithner’s scorecard for the resolution plan
Timothy Geithner, US Treasury Secretary, sets out five indicators to measure the success of the resolution plan
UK offshore centres must raise their game: report
Former FSA official highlights the need for “tax havens” to bring regulation up to international standards
Unconventional measures must remain – Buba’s Weber
Axel Weber says main liquidity-boosting measures must continue and be wound down only gradually
Macroprudential policy tough to apply – Watanagase
Bank of Thailand’s Tarisa Watanagase says macroprudential policy framework is challenging to put into practice
New law will allow Islamic banks – Uganda governor
Bank of Uganda’s Emmanuel Tumusiime-Mutebile says the financial institution act will be amended to allow Islamic banking
How narrow banks would fit in the financial system
Alessandro Roselli, a former official of the Bank of Italy, calls for a banking structure where narrow banks co-exist with commercial banks, properly redefined, and investment banks.
Brussels clears Rock break-up
Decision follows British government nationalisation in January 2008
Zambia’s Fundanga: region to upgrade regulation
Bank of Zambia’s Caleb Fundanga says Eastern and Southern Africa’s regulation must adapt to complex cross-border financial institutions and move to consolidated supervision
Bank of Albania – Annual Report 2008
Economic growth was in line with projections in 2008, notes Ardian Fullani in the central bank’s latest Annual Report
Britain on road to “lost decade”
Newest MPC member says fixing banks must be a priority for UK
Four steps to improve international cooperation: Fed’s Kohn
Fed vice-chairman Donald Kohn calls for a more coordinated global response to the crisis
Productivity drives banks’ international efforts
Bundesbank’s research finds that only the largest and more productive banks engage in international activity and set up foreign affiliates
Banks will be held to their promises: Canada’s Carney
Mark Carney, governor of the Bank of Canada, warns financial institutions against complacency
Regulation helps microfinance institutions expand
World Bank’s research investigates the impact of regulation on microfinance institutions
British banks agree to tough new code
British Bankers Association (BBA) launches new FSA financial reporting code aimed at boosting investor confidence and bank transparency
Bundesbank will not be a better regulator: BaFin’s Sanio
Jochen Sanio, president of Germany’s banking regulator, strikes out against government plans to make the central bank sole regulator
Bank profits a product of public policy: France’s Noyer
Christian Noyer, governor of the Banque de France says that banks' profits should be kept within the system
Fed looks to curb risk with wage rules
Federal Reserve says proposals aimed at ensuring wages will not undermine safety and soundness of banks