Regulation
FSA outlines "sceptical approach"
Margaret Cole, the regulator’s director of financial crime and enforcement, elaborates on its strategy, and highlights some of its successes
IMF to Hong Kong: beware of bubbles
International Monetary Fund looks at the potential macroeconomic implications for Hong Kong of accommodative monetary policy in the United States
The relationship between deregulation and firm volatility
Federal Reserve paper finds evidence from the 80s suggesting volatility declined as a result of interstate deregulation
UAE’s banks liquid since April: Al-Suwaidi
Central Bank of United Arab Emirates’ Sultan Bin Nasser Al-Suwaidi describes measure that helped the country to weather spillovers from turmoil
Base countercyclical provisioning on expected losses
Bank of Italy looks at Spanish dynamic provisioning
Accounting overstates banks’ health: IMF paper
International Monetary Fund research finds banks not as healthy as their balance sheets suggest
Honohan clashes with Dublin on bankers’ pay
New central bank governor suggests government’s attempts to limit pay will hinder recovery of Ireland’s banks
UAE gives go-ahead for Basel II
Central Bank of the United Arab Emirates says it will begin implementing capital adequacy standards
IIF’s Abed: financial stability a central bank task
Institute of International Finance’s George Abed says the crisis casts the role of central banks in a new light
What living wills should do: Bank’s Bailey
Andrew Bailey, the Bank of England’s head of banking services, explains the form and objectives of recovery and resolution plans
Buba’s Weber: Germany finance held its own
Bundesbank’s Axel Weber says Germany’s financial sector coped well with the crisis overall
Regulation “not rocket science”: FSA retail markets head
The head of the British regulator’s retail markets division outlines changes made since the crisis; pushes for income verification and affordability checks
UK regulator to be allowed to “tear up” bankers’ contracts
Britain’s financial regulator will have its powers increased, allowing it to punish errant banks and bankers for excessive risk-taking
Bank’s Tucker details root-and-branch reform proposals
Bank of England’s Paul Tucker outlines reforms necessary to curb systemic risk build-up
Spain’s Ordóñez plays down dynamic provisioning
Bank of Spain’s governor modest on much-vaunted regulatory tool
Fed bans ATM, debit-card overdraft fees
Federal Reserve says banks will no longer be able to charge overdraft fees for ATM and debit-card payments
BuBa’s Weber: no global regulator without global law
Bundesbank’s Axel Weber says global financial regulator not a good idea as international law not in place
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