Regulation
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.
Central banking in paradise: 25 years of the ECCB
As the Eastern Caribbean Central Bank turns 25, Blair Baker and Giancarlo Espejo reflect on the leading role it has played in building financial markets and promoting regional integration
Investment bank regulation after the Bear rescue
Dwight Jaffee and Mark Perlow assess the impact of the Bear Stearns rescue and outline steps to prevent something similar happening again
Profile: Randall Kroszner
Malan Rietveld talks to the Fed’s leading man on regulation and asks him about the links between his academic work and policymaking
Extend Fed's regulatory power: Volcker
The Federal Reserve's role as a financial regulator must be expanded given its recent assistance to Bear Stearns and other investment banks, Paul Volcker, a former chairman of the Fed, said.
Islamic finance must follow global codes
Islamic financial institutions must ensure that they comply with international best practices on supervision, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, has said.
Fed's Rosengren on risk management
The recent financial turmoil has highlighted both the benefits and the challenges associated with pursuing risk management, Eric Rosengren, the president of the Boston Federal Reserve, said.
Can disclosure damage supervision?
The latest edition of the Richmond Federal Reserve's Economic Quarterly discusses whether supervisors should disclose information about the banks they assess.
HKMA's Yue on Islamic finance
Greater efforts must be made to establish a level playing-field between the conduct of Islamic finance business and conventional activities, Eddie Yue, a deputy chief executive at the Hong Kong Monetary Authority, noted.
Trichet urges global groups to push for clarity
Jean-Claude Trichet, the president of the European Central Bank, has called on global economic institutions and forums to foster information-sharing and transparency.
Rock run calls for greater role: ex-Bank deputy
Andrew Large, a former deputy governor at the Bank of England, has urged government to grant more power to the Bank in the wake of the Northern Rock run.
Challenging idols won't win fans: Fed's Hoenig
Regulatory reform is likely to prove a desperately unpopular task for the Federal Reserve, Thomas Hoenig, the president of the Kansas City Fed, noted.
Fed moves to protect borrowers
The Federal Reserve has proposed a raft of measures to clamp down on unscrupulous lenders and strengthen consumer rights.
World Bank appoints SA anti-corruption head
Leonard McCarthy, the chief of South Africa's highly-regarded anti-corruption unit, will head the World Bank's institutional integrity department.
A book launch to remember
One of those events that London does so well took place Thursday, 1 May, at the London School of Economics (LSE) where there was a short debate and a longer drinks party to launch 'Global Financial Regulation - The Essential Guide', written by Howard…