Regulation
Draghi supports move to expand FSF
The chairman of the Financial Stability Forum (FSF) has welcomed calls by the finance ministers and central bank governors of the G20 to expand the group's membership.
Banks not saved for their sake - Sveriges Ingves
We are not saving banks and their management for their own sake or the sake of their shareholders, said Stefan Ingves, the governor of the Sveriges Riksbank.
Nowotny blasts "lead supervisor" approach
Ewald Nowotny, the governor of the Austrian central bank, has strongly criticised the so-called "lead supervisor" approach to the regulation of global banks.
Oslo's lesson in restoring confidence
The lessons from Norway's response to the crisis in its banking system in the early 1990s have been under underappreciated.
Scrap bonuses - Basel Committee's Wellink
Bonuses for executives in the financial sector could be scrapped altogether, said Nout Wellink, the president of the Netherlands Bank and the chairman of the Basel Committee on Banking Supervision.
Sweden's Nyberg on EU crisis coordination
Voluntary agreements for crisis management in the European Union have not proved helpful, said Lars Nyberg, a deputy governor of the Riksbank.
Study of EU bank acquisitions
A new paper from the Bank of Spain analyses bank acquisitions both within and across the EU25 countries betwenn 1997 and 2004.
Top economists have their say on G20 summit
A group of 21 of the world's most prominent economists have called on officials from the G20 countries meeting in Washington this weekend to start thinking outside the box about longer-term reforms.
Thailand's Nijathaworn calls for regulatory unity
Bandid Nijathaworn, a deputy governor at the Bank of Thailand, has called for domestic and international harmonisation of financial regulation in order to avoid the harmful arbitrage associated with the current turmoil.
Sri Lanka's Cabraal on limiting terrorist funding
We need to be a step ahead and work together to counter the financing of terrorist activities, said Ajith Nivard Cabraal, the governor of the Central Bank of Sri Lanka.
Regulator slams calls for IMF supervisory role
A senior European regulator has launched a scathing attack on politicians' calls for the International Monetary Fund (IMF) to take a leading role in supervising the global economy.
Global banks want greater role for FSF
An enhanced Financial Stability Forum (FSF) should regulate the most important financial institutions, the global banking industry has said.
Markets obey laws of nature not math: NBB's Praet
The "once in a century" credit crisis demands a fundamental re-think in the way we view, and regulate, financial systems, Peter Praet, an executive director at the National Bank of Belgium and a member of the Basel Committee on Banking Supervision, has…
NY Fed hires Bear Stearns' risk-management head
The chief risk officer at Bear Stearns, the now-defunct investment bank, has joined the New York Federal Reserve to advise on bank supervision.
We will need counter-cyclical rules: King
Mervyn King, the governor of the Bank of England, indicated on Monday that Britain could push ahead in implementing its own counter-cyclical capital requirements to prevent another subprime debacle.
Processing speed key to bank liquidity
Payments processing speed is a significant factor in explaining the liquidity holdings of banks throughout the day, finds a new paper by the Bank of Canada.
Kuwait guarantees deposits as major bank falters
Kuwait became the latest country to issue a blanket guarantee on all deposits after it emerged on Sunday that one of its largest banks had made a loss.
Greenspan backs bailout, more regulation
Alan Greenspan, a former chairman of the Federal Reserve seen as a fierce advocate of free markets, on Thursday said he supported both the US Treasury's $700 billion bailout plan and greater regulation of the financial system.
ING gets Dutch lifeline
ING, the biggest financial services firm in the Netherlands, has become the latest major financial institution to receive a capital injection from the government.
Finland's Liikanen: eurozone banks fragmented
The euro-area finance industry remains fragmented, with most banks operating only on a national level, said Erkki Liikanen, the governor of the Bank of Finland.
G7 plan "a major success": Riksbank's Ingves
The five-point plan agreed by the G7 finance minsters and central bank governors should help improve confidence in financial markets, said Stefan Ingves, the governor of the Riksbank.
Britain re-capitalises banks, warns on bonuses
British authorities on Monday warned banks to review their compensation structures after pledging up to £37 billion ($64 billion) to re-capitalise some of the country's largest banks.
DSK proposes "action plan" for crunch
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), on Friday urged governments to guarantee retail, interbank and money-market deposits.
IMF should monitor stability: Riksbank's Ingves
Stefan Ingves, the governor of the Riksbank, called for the International Monetary Fund (IMF) to be given a greater role in promoting financial stability.