Regulation
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.
Further questions over SEC in Stanford affair
The US Securities and Exchange Commission (SEC) faces further questions over its authority and competence as the fallout from the regulator's fraud charges against Sir Allen Stanford continues.
Fiji must meet global AML standards - Narube
Fiji must comply with global anti-money laundering standards, said Savenaca Narube, the governor of the country's central bank.
Papademos on macroprudential supervision
The European Central Bank and the Eurosystem are well placed to assume the tasks of macroprudential supervision, said Lucas Papademos, the vice president of the ECB.
Universal regulator model on the up
The number of countries adopting a single regulator model for the supervision of their banking, securities and insurance industries rose in 2008.
Basel's Wellink: focus on shadow-banking sector
Supervisors need to focus on closing regulatory gaps in their financial systems, said Nout Wellink, the chairman of the Basel Committee on Banking Supervision and president of the Netherlands Bank.
HKMA to keep keener eye on securities business
The Hong Kong Monetary Authority (HKMA) is set to enhance the monitoring of banks' securities business, said Y.K. Choi, a deputy chief executive at the institution.
Canada backs IMF as global regulator
Jim Flaherty, the Canadian finance minister, said that, rather than a new watchdog, the International Monetary Fund (IMF) should oversee international bank regulation.
City regulator resigns after furore
Sir James Crosby has resigned as deputy chairman of the Financial Services Authority (FSA) in Britain, following allegations that he sacked a senior risk manager at HBOS, a bank Crosby headed, who raised concerns over the risk exposure of the bank.
Swiss's Hildebrand - bring on tough regulation
The Swiss National Bank would give unconditional support to more stringent regulation, said Philipp Hildebrand, the vice-chairman of the central bank.
Basel's Wellink: link macro and micro supervision
Cooperation between macro- and micro-prudential supervisors should be strengthened, said Nout Wellink of De Nederlandsche Bank.