Regulation
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…
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.