Regulation
Regulators must adopt global outlook
The real challenge for the world's financial regulators lies in managing cross-border crises, new research published by the Riksbank states.
Poll investigates banks' transparency
The Committee of European Banking Supervisors, a body set up to advise the European Commission on banking regulation, has surveyed the disclosures of 22 large banks.
Basel Committee issues liquidity guidelines
The Basel Committee on Banking Supervision, an influential group of global regulators, has issued its draft proposals to improve liquidity risk management and supervision.
Fed accused of stalling on Chinese bank licences
Chinese officials have said the Federal Reserve is delaying the approval of banking licences for two of its biggest banks as part of a political ploy.
External supervision enhances governance: IMF
A new paper from the International Monetary Fund finds that the likelihood of establishing adequate governance arrangements is higher when the supervisor is located outside the central bank.
Reform on track: FSF's Draghi
Efforts by an influential group of supervisors to reform financial markets in the wake of the credit crunch are going to plan.
Top lawyer slams FSA for Rock failure
The Financial Services Authority (FSA), the UK's industry regulator, was shockingly lax and inept in its regulation of Northern Rock, a leading regulatory lawyer has said.
Bosnia agrees data swap with banking regulator
The Central Bank of Bosnia and Herzegovina will exchange banking data with the country's financial regulators in a bid to foster stability.
EU supports regulatory role for central banks
The recent financial turmoil has underlined the importance of central banks' role in supervision, said Lorenzo Bini Smaghi, a member of the European Central Bank's executive board.
Euro-area deserves bigger regulatory role: Merkel
The eurozone's economic importance warrants the region more influence over financial markets regulation, said Angela Merkel, the chancellor of Germany.
Investment banks must face same rules: Geithner
Timothy Geithner, the president of the New York Federal Reserve who played a key role in the Bear Stearns bailout, has said the major investment banks must be regulated in the same way as their commercial peers.
Tough rules have aided Spanish banks: Ordoez
The Bank of Spain's approach to supervision helped ensure that the recent global financial turmoil had limited impact on the country's banking sector, Miguel Fernandez Ordoez, the governor of the central bank, said.
India's Thorat on the limits of financial literacy
Financial literacy can lead to informed and responsible consumers, but it cannot by itself ensure consumer protection, said Usha Thorat, a deputy governor at the Reserve Bank of India.
FSF proposals require careful implementation
The Financial Stability Forum's (FSF) recommendations must be implemented in such a way that ensures financial systems becomes less prone to instability, Nout Wellink, the governor of the Netherlands Bank, comments.
Malaysia relaxes foreign currency rules
Bank Negara Malaysia, the country's central bank, has relaxed a number of rules for the administration of foreign currency.
Lord Turner new FSA chairman
Alistair Darling, the British chancellor of the exchequer, has announced the appointment of Lord Adair Turner as chairman of the Financial Services Authority for a period of 5 years.
Fischer wants financial supervision
The current turmoil shows that the involvement of the central bank in the supervision of financial institutions should be extended and enhanced, said Stanley Fischer, the governor of the Bank of Israel.
Kroszner on Basel II
The recent turmoil in financial markets has highlighted the need for risk management improvements and the lessons from the crisis should help supervisors to further increase the effectiveness of the Basel II framework, said Randall Kroszner, a governor…
The role of central banks in financial stability
At a time when many governments and central banks are struggling to distil the key lessons of the crisis, one of the main finding is that the central bank needs the appropriate powers if it is to assume responsibility for systemic financial stability.
Swiss Re's Raaflaub to head new regulator
Patrick Raaflaub, the head of group capital management at Swiss Re, a reinsurance company, will direct Switzerland's new super regulator the Financial Market Supervisory Authority (FINMA).
Central banks must burst bubbles: Soros
George Soros, the billionaire financier, urged central bankers and regulators to tackle asset-price bubbles in spite of the difficulties in identifying them.
Senator questions plans for greater Fed role
The top Republican on the US Senate Banking Committee has challenged plans to extend the Fed's regulatory power.
Riksbank's Ingves calls for regulatory revamp
Stefan Ingves, the governor of the Riksbank, wants a regulatory framework that combines the need to maintain stability and minimise costs to the public sector in the short term with long-term market discipline.
Regulation should aim to burst bubbles
Frederic Mishkin, a governor at the Federal Reserve, has acknowledged that the Fed should consider responding to asset price bubbles - a move that would contravene a tenet of the Greenspan-era institution.