Regulation
National regulators must revise Basel II
National regulators need only make a small change to the Basel II framework to avoid future government recapitalisations. It is essential that they do so, say Samuel Sender and Noel Amenc, two researchers at France's EDHEC business school.
Trichet urges markets to drop focus on capital
Jean-Claude Trichet, the president of the European Central Bank, has urged markets to abandon their fixation with banks' capital ratios, saying that officials were against raising requirements.
Regulation and supervision weak - Riksbank's berg
Financial market problems have been aggravated by weaknesses in regulation and supervision, said Svante berg, a deputy governor of the Sveriges Riksbank.
Bailouts unnecessary if Basel II rules were laxer
A minor change to Basel II would have made it possible to restore much of the confidence in the banking industry without governments having to inject capital in the short term, economists have said.
Supervisors must change bonus culture: Wellink
Nout Wellink, the chairman of the Basel Committee on Banking Supervision and president of De Nederlandsche Bank, has called on supervisors around the world to tackle banks' "generous" bonus culture.
Tetangco on bank security in the Philippines
Bank security management goes beyond guard deployment and monitoring, said Amando Tetangco, the governor of the Central Bank of the Philippines.
FSA chairman outlines reform agenda
Lord Adair Turner, the chairman of the Financial Services Authority (FSA), Britain's financial supervisor, on Wednesday presented his vision of how regulation needed to change.
Mary Schapiro: Here Comes the Sun
In recent months, the US Securities and Exchanges Commission (SEC) has been on the receiving end of severe criticism. Mark Berman, a former SEC lawyer who leads CompliGlobe Ltd, a London-based consultancy specialising in financial regulation and…
Basel Committee bids to strengthen Basel II
The Basel Committee on Banking Supervision on Friday issued a string of draft measures aimed at enhancing the Basel II capital framework in light of the credit crunch.
G30 proposes reforms to punish biggest banks
The biggest financial institutions must be subjected to more stringent regulation and central banks must take a greater role in safeguarding stability, the Group of Thirty, an influential consultative group on economics, has warned.
Academics advocate discretionary ECB supervision
European Union member states should be allowed to choose whether or not they want to be regulated by the European Central Bank (ECB), academics say.
Fed's Kroszner to step down later this month
Randall Kroszner, a governor at the Federal Reserve, will leave the institution on 21 January to return to academia.
RBI deputy highlights key issues from the crunch
Shyamala Gopinath, a deputy governor at the Reserve Bank of India, has highlighted seven topical issues from the current crisis.
Report prompts Ireland's chief regulator to quit
Patrick Neary, the chief executive of the Financial Services Regulatory Authority, will retire after a report condemned the organisation for its failings in a scandal involving one of the country's biggest banks.
Protect consumers with new measures, says HKMA
The Hong Kong Monetary Authority (HKMA) has urged banks to adopt a raft of new guidelines aimed at protecting consumers. The measures follow almost 20,000 thousand complaints about the mis-selling of Lehman Brothers-related products.
Basel Committee to broaden implementation remit
The Basel Committee on Banking Supervision today announced that it is broadening the mandate of its Accord Implementation Group (AIG).
France's Noyer: sound risk management crucial
Financial regulation is not a substitute for financial institutions' sound and efficient management framework, said Christian Noyer, the governor of the Banque de France.
Vienna poised to take control of Bank Medici
The Austrian government is preparing to take control of Bank Medici, a Vienna-based private bank, which has revealed losses on funds that invested with Bernard Madoff, the disgraced financier.
Sri Lankan CB takes over private bank
The Central Bank of Sri Lanka has taken over Seylan Bank, the second largest commercial bank in the country.
Korean state-owned entities to the rescue
The Financial Services Commission (FSC) in Korea has unveiled a financial rescue plan for 2009 aimed at helping local banks improve their balance sheets and reduce their exposure to bad debt.
Albanian banks resilient - Fullani
The Albanian banking system has shown "admirable resilience" in the face of the global financial turmoil, said Ardian Fullani, the governor of the Bank of Albania.
We need greater global cooperation: Thai governor
Tarisa Watanagase, the governor of the Bank of Thailand, has warned that combating the credit crisis necessitates a greater degree of international cooperation.
Stress testing in central banks - a comparison
A new paper from the Bank of Italy reviews the quantitative methods used at selected central banks to stress testing credit risk.
ECB on originate and distribute
A new paper from the European Central Bank looks at the incentive structure of the originate and distribute model and suggest policies that could be used to mitigate conflicts of interest surrounding the model.