Regulation
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…
SEC to revamp whistleblower procedures
The Securities and Exchange Commission (SEC), the US stock-market regulator, has announced a sweeping review of the way it handles whistleblower complaints and tip-offs.
RBI's Gopinath on CRAs
Capital requirements that are based solely on credit ratings will need to be replaced by a more granular and nuanced approach, said Shyamala Gopinath, a deputy governor of the Reserve Bank of India.
Kenya needs an FSA - Nyangito
Kenya's policymakers should begin thinking about the establishment of a single financial regulator along the lines of Britain's Financial Services Authority, said Hezron Nyangito, the deputy governor of the Central Bank of Kenya.
CEE regulators condemn stability "misperceptions"
Six central and eastern European regulators on Wednesday jointly attacked the recent coverage of their economies, labelling it misleading, oversimplified and potentially harmful.
Morgan Stanley's Roach on central bank independence
The chairman of Morgan Stanley Asia, a bank, argues that central banks have not made the most of their new-found independence
Austria's Nowotny - no EU lead supervisor please
Creating a pan-European supervisor to deal with the monitoring of individual firms would not be the right way to develop the European Union's supervisory regimes, said Ewald Nowotny, the governor of the Austrian National Bank.
UK regulator issues code to curb risks from pay
The Financial Services Authority (FSA), Britain's industry regulator, on Thursday outlined a reform agenda for financial sector pay aimed at curbing the excessive risk taking of recent years.
EU group: extend regulation, burst bubbles
The much-awaited de Larosiere report on financial regulation in the European Union (EU) has urged central bankers to burst asset-price bubbles with monetary policy and monitor all systemically-important financial institutions.
FSF’s Draghi on macro-prudential supervision
Every financial institution capable of creating systemic risk will be subject to supervision, Mario Draghi, the governor of the Bank of Italy and the chairman of the Financial Stability Forum, has warned.
Trichet pushes for greater regulatory role
Jean-Claude Trichet, the president of the European Central Bank (ECB), has called for European Union to grant his institution a greater regulatory role.
UK regulator hires Credit Suisse top brass
The Financial Services Authority, the British regulator, has recruited Credit Suisse's chief operating officer for its UK private banking business.
Gjedrem calls for higher capital requirements
New and higher capital requirements must be imposed on banks, said Svein Gjedrem, the governor of Norges Bank.