Regulation
US set for new regulator?
The United States administration is considering setting up a regulator to oversee certain financial products, it emerged on Wednesday.
Basel Committee issues stress-test guidelines
The Basel Committee on Banking Supervision has produced a raft of measures for the sound governance, design and implementation of stress tests.
BoE outlines objectives for liquidity rules
Nigel Jenkinson, an adviser to the governor of the Bank of England and a member of the Financial Stability Board, on Friday detailed five objectives for a new framework on liquidity risk.
Obama administration unveils derivatives overhaul
The United States on Wednesday proposed a series of radical reforms to the derivatives industry.
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.
CNB's Tuma calls for cross-border supervision
Zdenek Tuma discusses the future of financial regulation and the prospects for joining the euro
Thailand's Bandid stresses importance of Pillar II
Work by the Bank of Thailand on the implementation of Pillar II of Basel II is continuing, said Bandid Nijathaworn, the deputy governor of the central bank.
Bernanke defines macroprudential approach
Ben Bernanke, the chairman of the Federal Reserve, on Thursday detailed how a macroprudential approach to regulation would look.
SNB's Hildebrand wants global bankruptcy code
Philipp Hildebrand, a member of the Swiss National Bank's governing board who will take the helm next year, has called for global insolvency standards as a means to handle the too-big-to-fail and too-big-to-save problems.
Guyana set to take on insurance role
The Bank of Guyana's regulatory ambit may expand to include the state's insurance industry if legislation tabled by the government on Thursday is passed.
Israel at odds with major bank over CEO role
The Bank of Israel has criticised the state's second-largest bank for the lender's hasty appointment of a new chief executive.
Malaysia steps up liberalisation agenda
Bank Negara Malaysia on Monday announced a raft of measures to further liberalise the country's financial markets.
EU devises new rules for rating agencies
The European Parliament on Thursday approved a batch of rules aimed at enhancing the transparency and performance of credit rating agencies, under fire for their role in the crisis.
Eddie George on independence and supervision
In 2000, Sir Eddie George, the former governor of the Bank of England who died at the weekend, spoke on the Bank's then new-found independence and the loss of its supervisory function
Bernanke stresses benefits of innovation
Ben Bernanke, the chairman of the Federal Reserve, has urged lawmakers to beware of regulating to prevent financial innovation, though he acknowledged that new products had to be transparent and understandable.
Portuguese-speaking states team up: Macao's Teng
Closer cooperation between financial regulators can enhance the positive impact of financial industry on the economy of Portuguese-speaking countries, said Anselmo Teng, the chairman of the Monetary Authority of Macao.
British regulator denies whistleblower claims
The Financial Services Authority (FSA), the United Kingdom's financial regulator, has parried allegations made by a former employee that it had allowed building societies to become involved in areas of finance that they knew little about.
Czechs criticise De Larosiere report
The De Larosiere report fails to take account of the need for one regulator to cover supervision of all sectors of the financial market, says a position statement from the Czech National Bank.
Buba's Weber against new European authorities
The Bundesbank is strongly against the De Larosiere report's proposition to create new European authorities out of the three Lamfalussy committees, said Axel Weber, the president of the central bank.
G20 group: more supervisory colleges needed
Regulators should collaborate to establish supervisory colleges for all major cross-border financial institutions, says a report from a working group prepared for the G20 London summit.
Uniform banking rules crucial: Norway's Gjedrem
All global supervisory authorities must take a uniform approach to regulating banks, said Svein Gjedrem, the governor of the Norges Bank.
FSF details reform proposals
A leverage ratio, less risky pay deals and closer work on cross-border contingency planning are among the measures for a new global regulatory code outlined by the Financial Stability Forum on Wednesday.
Banks reforming pay deals, says industry group
The Institute of International Finance (IIF), a global organisation for the banking industry, has said that financial firms are overhauling their compensation practices to reflect a longer-term outlook.
Wellink: long-term fix will abate near-term fears
A clear outline of the post-crisis regulatory landscape would help allay short-term fears, Nout Wellink, the president of the Netherlands Bank and the chairman of the Basel Committee on Banking Supervision, has said. Wellink also indicated that the…