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Regulation

Basel Committee's Praet on the crisis

Justin Keay spoke with the executive director of the National Bank of Belgium (responsible for international cooperation and stability) about the regulatory implications of the current financial crisis

Rejigging the OTC derivatives market

Patricia White, an associate director at the division of research and statistics at the Federal Reserve, has testified on how the central bank believes the derivatives market should be regulated.

Iceland shows need for pan-EU supervisory approach

The Icelandic experience in the current crisis shows that the European Union's (EU) arrangements for cross-border banking supervision and deposit insurance need urgent strengthening, a new paper from Robert Wade, a professor of political economy at the…

UAE to improve banks' corporate governance

The Central Bank of the United Arab Emirates published new draft corporate governance guidelines for the banking sector on Thursday, saying that, as leading contributors to the economy, commercial banks had to have high management and corporate…

Geithner defends Fed from Congressional attack

Tim Geithner, the US Treasury secretary and a former head of the New York Federal Reserve, backed the Federal Reserve as the best institution to monitor systemic risk after lawmakers queried the central bank's ability to do so.

Risk deficiencies common to all

The financial crisis and ensuing recession have revealed deficiencies in risk management in both systemically-important financial firms and community banks, Daniel Tarullo, a governor at the Federal Reserve, has said.

Lobbying blamed for supervisory inaction in EU

The failure of some European supervisors to act in the years building up to the crisis was due to fragmentation, a lack of independence and pressure from the private sector, Miroslav Singer, a vice governor of the Czech National Bank, has claimed.

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