Regulation
New guide to banking and insurance supervision
Profiling over 440 agencies in more than 190 jurisdictions, the 2008 edition of How Countries Supervise their Banks, Insurers and Securities Markets, tells you how the world's financial firms are regulated and who regulates them.
European regulation event in London: 29 January
With the credit squeeze and banking crises like Northern Rock placing an increasing scrutiny on regulators, this practical guide to the latest regulatory developments is timely.
UK opposition party call for more power for Bank
David Cameron and George Osborne, two senior politicians from Britain's main opposition party, the Conservatives, are pressing for the Bank of England to take on more responsibility for financial regulation.
France's Noyer: new rules for ratings agencies
Christian Noyer, the governor of the Banque de France, highlighted three areas in which the regulation of rating agencies needs to improve in the wake of the credit crunch.
Rock action set for wider ambit
The scope of the regulatory response to Northern Rock will be much broader than originally anticipated, Alistair Darling, the British chancellor of the exchequer, said on Thursday.
UK chancellor blames Rock run on regulator
Alistair Darling, the British chancellor of the exchequer, admitted on Tuesday that the Financial Services Authority (FSA) was culpable in the run on Northern Rock, but said he still planned to grant the banking regulator more power.
Austrian central bank increases regulatory role
The National Bank of Austria has strengthened its hold on the regulation of the banking industry following the introduction of a new financial market supervision framework.
UK chancellor outlines regulatory changes
In a bid to prevent another Northern Rock, Alistair Darling, Britain's chancellor of the exchequer, has pledged to make the government ultimately responsible for actions to counter banking crises.
Israel's Fischer notes importance of Basel II
The adoption of the Basel II principles of capital management is one of the largest and most important tasks confronting the Israeli banking system, says Stanley Fischer, the governor of the Bank of Israel.
Regulators can't ensure clarity, only encourage it
In the wake of the credit crisis, central bankers and other financial regulators should use their clout to back the standardisation of financial instruments rather than trying to legislate for transparency, says Claire Jones, the editor of Central Bank…
Journalist defends Old Lady's "low morale" claims
Irwin Stelzer, the journalist who wrote last week that a senior Bank of England official had said the British chancellor and prime minister were blocking changes to banking regulation because of low morale, has described it as "a pity" that Mervyn King,…
Basel II procyclicality concern must be mitigated
The elements of Basel II built into the framework to mitigate procyclicality must be properly used, especially in the current climate, said Jaime Caruana, the director of the International Monetary Fund's monetary and capital markets department.
East Asian integration must be monitored: Fukui
East Asia's growing economic and financial integration must be closely monitored to avoid negative side effects, said Toshihiko Fukui, the governor of the Bank of Japan.
Federal Reserve hardens rules on subprime lending
The Federal Reserve on Tuesday issued a set of proposals for firmer regulations on subprime lending practices aimed at protecting consumers from unfair and deceptive home mortgage lending and advertising.
Old Lady denies reports of government criticism
The Bank of England countered reports published over the weekend that an unnamed senior Bank of England official had said low government morale was blocking plans for a fundamental overhaul of the financial regulatory system.
RBNZ set to regulate insurance industry
The Reserve Bank of New Zealand on Monday became responsible for regulating all life, health and general insurance providers.
US-style scheme could have stopped Rock run
A US-style deposit insurance scheme would have been a "real help" in halting the run on Northern Rock, Britain's chief regulator said on Tuesday.
Padoa-Schioppa urges haste on EU supervision
Europe must act decisively to enhance its supervisory structures, said Tommaso Padoa-Schioppa, Italy's economy and finance minister, on Tuesday.
SEC's Cox warns on SWF state ownership
The fundamental question on sovereign wealth funds does not concern the advisability of foreign ownership, but rather of government ownership, says Christopher Cox, the head of the Securities and Exchanges Commission (SEC).
UK regulator warns on worsening liquidity risk
Mortgage lenders must protect themselves against the "very real prospect" that liquidity conditions will worsen in 2008, Clive Briault, the retail managing director at the Financial Services Authority (FSA), Britain's banking regulator, said on Tuesday.
Trichet pushes for regulatory convergence
Progress towards more consistent EU banking rules and cross-border information sharing is absolutely critical, Jean-Claude Trichet, the president of the European Central Bank, said on Monday.
Pre-crunch poll supports Basel II stability claim
The introduction of the Basel II regulatory framework, which has faced a barrage of criticism in the wake of the credit crunch, will make the financial system sounder and encourage better risk management, according to a poll conducted the Professional…
Basel Committee publishes co-operation guidelines
The Basel Committee on Banking Supervision has published guidelines on how authorities should co-operate on home-host arrangements and allocation mechanisms.
UK regulator sticks to stance despite Rock run
Britain's head regulator defended the Financial Services Authority's (FSA) principles-based approach, saying that it offers the "best chance" of balancing "the benefits and risks of innovation."