Regulation
Hedge funds to rebuff German regulators
According to reports, updated guidelines on best practice published by hedge fund industry associations on 22 May will not heed German calls for a full voluntary code of conduct for the industry.
New board for German regulator
A new board will govern BaFin, the German banking supervision agency, following an internal fraud scandal that gripped the agency in 2006.
FSA's inaction on split caps chided
The UK's Financial Services Authority (FSA) has been criticised for closing a five-year investigation into the split capital investment trust scandal without taking action against any individuals or firms.
Malaysian governor on Islamic Finance
Dr. Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia gave a speech at the 4th IFSB summit on 15 May 2007 regarding the need for a cross-sectoral approach in Islamic financial services.
Trichet supports hedge fund code of conduct
There is growing support around the world for a proposed voluntary code of conduct for hedge funds, European Central Bank president Jean-Claude Trichet said recently.
Hedge fund progress pleases Germany's Steinbrueck
German finance minister Peer Steinbrueck said in comments published Wednesday 16 May that he plans to lay out the basis of a voluntary self-regulation agreement with hedge funds operating in Europe within the next months.
Zeti says Islamic finance issue needs focus
There is a need for greater focus to arrive at a common vision on the future of the Islamic financial services industry, Bank Negara Malaysia's governor Tan Sri Dr Zeti Akhtar Aziz said in a speech Tuesday 15 May.
Bernanke on regulation and financial innovation
In the speech 'Regulation and financial innovation' given on 15 May Ben Bernanke of the Federal Reserve said gave his view on the hedge fund debate saying central banks and financial regulators should resist the temptation to devise ad hoc rules for each…
Chatham House City Series
Impact of extraterritorial regulation on the cross-border financial markets, Bloomberg Studios, London, 15th June 2007.
ECB's Trichet on the Lamfalussy approach
In a speech given on 9 May Jean-Claude Trichet of the ECB said the Committee of European Banking Supervisors (CEBS) has made significant progress so far and this has been acknowledged and appreciated by all interested parties, including the ECB and the…
DNB's Wellink says 'no risk from M&A'
Dutch central bank president Nout Wellink said Wednesday 9 May he believes ABN Amro is an extremely strong bank and that customers should not fear a takeover.
Oman to introduce risk-based supervision
The Central Bank of Oman will introduce risk-based supervision by the end of the year, Hamood Sangour Al Zadjali, executive president, CBO, said in Muscat in an address to bankers.
Jamaica's Anderson on supervision in the Caribbean
In the speech 'Effective conglomerate and consolidated supervision in the Caribbean' given on 13 April Audrey Anderson of the Bank of Jamaica said while the region remains fully committed to applying international best practice standards within…
SBP's Akhtar on the risk management paradigm
In the speech 'Pakistan - changing risk management paradigm - perspective of the regulator' given on 13 March Shamshad Akhtar of the State Bank of Pakistan said the changing economic and banking paradigm has increased the complexities and risk facing…
Failed bank rescue plan will impact on Basel II
This article from Chase Cooper, published Monday 30 April, asks whether the killing off of the Ecofin plan for rescuing failed banks will have implications for Basel II.
Japan's FSA to monitor hedge funds
Japan's Financial Services Agency (FSA) said on Tuesday 1 May it will start to monitor hedge funds which operate in Japan.
Regulators must be watched on bank bids
According to this article published by the Financial Times on Friday 27 April, the powers of financial supervisors should be checked on bank bids or they are likely to impose obstacles to such deals.
Akhtar on an effective Islamic financial system
In the speech 'Building an effective Islamic financial system' given on 27 March Shamshad Akhtar of the State Bank of Pakistan said proper and sequenced development of Islamic Finance (IF) would be critical for this industry to emerge as an effective…
Dutch intervention is a central banking mistake
According to this article published Thursday 19 April by The Telegraph, it is rather odd for the Dutch central bank to release a statement on the ABN Amro break-up bid.
Noyer says hedge funds may raise abuse risk
European Central Bank Governing Council member Christian Noyer said in a report released on Monday 16 April that hedge funds add to market efficiency but can increase the risk of market abuse.
Bernanke on financial regulation & invisible hand
In the speech 'Financial regulation and the invisible hand' given on 11 April Ben Bernanke of the Federal Reserve said the current market-based system is the best way to regulate the trillion-dollar hedge fund industry although improvements can be made.
The economics of money laundering enforcement
The IMF Working Paper 'A theory of "crying wolf": The economics of money laundering enforcement' shows how excessive reporting, called "crying wolf", can dilute the information value of reports.
Banking supervision: Quality and governance
The IMF Working Paper 'Banking supervision: Quality and governance' examines the relationship between the quality of banking supervision and governance of the supervisory agency.
Russia's central bank faces reform calls
According to this article published by The Times on Wednesday 4 April, the Russian finance ministry has met senior figures from the banking sector recently to discuss reforming the Bank of Russia.