Regulation
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…
Geithner outlines regulatory overhaul
Tim Geithner, the US Treasury secretary, sounded the knell of light-touch regulation on Thursday, outlining a reform agenda that if passed will see a single systemic-risk supervisor clamp down on all financial firms deemed either too big, or too…
Basel Committee's Praet on the future of regulation
Peter Praet, an executive director at the National Bank of Belgium and a member of the Basel Committee on Banking Supervision, offers some pointers on how global leaders should formulate their regulatory response to the crisis.
Wellink eyes caps on bonuses and hedge funds
Nout Wellink, the chairman of the Basel Committee on Banking Supervision and president of the Netherlands Bank, has called for international principles for bonuses and financial sector pay.
ECB's Papademos calls for macroprudential schema
The establishment of a framework for macroprudential supervision is urgently needed, said Lucas Papademos, the vice president of the European Central Bank.
Calls for Bank to retake control of regulation
The leader of Britain's main opposition party wants the Bank of England to regain its role in regulating the overall level of debt in the banking system.
AIG cited as case for shadow-bank rules
The American International Group (AIG) situation highlights the need for strong, effective consolidated supervision of all systemically-important financial firms, said Ben Bernanke, the chairman of the Federal Reserve.
Rules alone will not stop crises: Rajan, White
Raghuram Rajan and William White, two highly-regarded economists, have said that regulation - whether it was tighter, less pro-cyclical or more systemic - would not prevent future crises unless fundamental structural and behavioural changes were made to…
Reforming regulation: how urgent, how effective?
Participants in a conference hosted by the London School of Economics and Deutsche Bank in London on Thursday were split over whether there was substance to regulatory buzzwords such as countercyclical supervision and utility-based banking.
Bring back Glass-Steagall?
Suddenly, everybody is talking again about separating merchant banking from commercial banking. Ideas that a few months ago might have been dismissed as crackpot - bringing back a version of the Glass-Steagall legislation - now look as if they were ahead…
FSA's Turner unveils blueprint for reform
Lord Adair Turner, the chairman of Britain's Financial Services Authority (FSA), on Wednesday published proposals for fundamental regulatory overhaul of the financial system, which includes a shift in the approach of the industry watchdog, whose…
Bernanke admits Fed failed in regulatory role
Ben Bernanke, the chairman of the Federal Reserve, has acknowledged that the central bank could have done a better job in preventing the financial crisis.
Basel Committee, FSF expand membership
The Basel Committee on Banking Supervision and the Financial Stability Forum (FSF) have expanded to include a host of emerging-market economies.
FSA's Sants heralds "supervisory revolution"
Limitations of a purely principles-based regulatory regime have to be recognised, Hector Sants, the chief executive of the Financial Services Authority (FSA), the British industry regulator, has conceded.
Buba on savings banks and liquid assets
Savings banks hold a higher amount of liquid assets for each unit of sight deposits than regulation requires, posits a new paper from the Bundesbank.
Basel Committee to raise capital ratios
The Basel Committee on Banking Supervision has said that it will raise capital requirements next year in order to ward off future episodes of economic and financial stress.
Barbados' Williams: watch conglomerates
There is further room for improvement in conglomerate supervision, said Marion Williams, the governor of the Central Bank of Barbados.
Bernanke moots Fed for systemic-risk role
Ben Bernanke, the chairman of the Federal Reserve, on Tuesday called for the Fed to be involved in "some capacity" in monitoring system-wide threats to financial markets. His comments came as part of a raft of proposals to overhaul regulation in America…