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Regulation

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.

Interview: Rasheed Al Maraj

The governor of the Central Bank of Bahrain tells Malan Rietveld that the country’s conservative approach to finance, regulation and construction is paying dividends in a time of crisis

US set for new regulator?

The United States administration is considering setting up a regulator to oversee certain financial products, it emerged on Wednesday.

Ex-FDIC's Seidman dies

Bill Seidman, the chairman of the Federal Deposit Insurance Corporation (FDIC) who presided over the savings and loan crisis, has died.

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