Regulation
Building a more resilient financial system
The short-term focus that dominated policy, regulation, accounting and governance prior to the crisis has to be changed, argues Jacques de Larosière
Interview: William Isaac
The former chairman of the Federal Deposit Insurance Corporation tells Robert Pringle that procyclical accounting and capital rules lie at the heart of the crisis
SNB takes a historical view
Swiss National Bank examines data from past 102 years in new paper
Ratings agencies: regulate or downgrade?
Ludˇek Niedermayer worries that regulating ratings agencies will simply increase their influence and create the wrong incentives
Zeti: Islamic finance passed the crisis test
Bank Negara Malaysia’s Zeti Akhtar Aziz says the strength of Islamic finance was tested during the global financial crisis
Basel Committee devises accounting principles
Committee’s guidelines focus on provisioning, fair-value measurement
UK chief regulator would consider Tobin tax
FSA chairman Adair Turner says a Tobin tax could be levied on financial firms, making City of London global hub no longer key aim
Ex-Fed’s Volcker pans money-market funds
Paul Volcker calls for tougher rules for funds in order to create level playing field
Chile’s De Gregorio on reform
Central Bank of Chile’s Jose De Gregorio says financial reforms should target incentives of financial intermediaries’ management
Cyprus, Romania sign new memorandum of understanding
Central Bank of Cyprus and National Bank of Romania agree revised supervisory memorandum
Nigeria names and shames debtors
Central Bank of Nigeria list names some of the country’s richest people
RBA’s Edey: don’t push banks into the shadows
Reserve Bank of Australia’s Malcolm Edey on getting the balance on tougher regulation right
India’s Mohan: regulation to tackle procyclicality of banks funding
Reserve Bank of India deputy governor, Rakesh Mohan, says reliance on short-term wholesale market funding increased the sensitivity of banks' balance sheets and cost of funds
Nigeria’s Sanusi goes on sacking spree
Central Bank of Nigeria governor fires heads of five banks and injects N400 billion to ease debt crisis
India’s Chakrabarty: road to financial inclusion rocky
Reserve Bank of India’s Kamalesh Chakrabarty sees many obstacles on the way to financial inclusion
Counterparty risk still large
International Monetary Fund assesses counterparty risk in the United States stemming from exposures to over-the-counter derivatives payables
FSA issues code on bank bonuses
UK Financial Services Authority releases rules on bankers’ remuneration policies
Canada’s Carney: new capital requirements needed
Bank of Canada’s Mark Carney on building a more resilient financial system
India’s Chakrabarty on credit for the poor
Reserve Bank of India’s Kamalesh Chakrabarty says state has a role in financial inclusion
Argentina’s Redrado on currency mismatches
Central Bank of Argentina’s Martin Redrado on regulating currency mismatches
France’s Landau on Glass-Steagall’s relevance
Banque de France’s Jean-Pierre Landau addresses robustness of complex financial systems
Thailand relaxes overseas investment rules
Bank of Thailand relaxes rules for investing overseas in an effort to halt baht’s rise
Kenya to step up supervision: Ndung’u
Central Bank of Kenya’s Njuguna Ndung’u on strengheting supervisory tools