Regulation
ECB report on supervisory structures
The European Central Bank's "Recent developments in supervisory structures in EU and acceding countries" report finds that at EU level, the period 2003-06 was characterised by an intensified effort to strengthen cooperation among supervisory authorities.
Poland rejects criticism of new regulator
Criticism from the European Union that Poland's new financial regulator might fall victim to political meddling has been rejected, a Finance Ministry spokeswoman said on Wednesday 25 October.
IMF's Ahmed on modernizing the IMF for the 21st C
In the speech 'Modernizing the IMF for the 21st Century' given on 18 October Masood Ahmed of the IMF said the past decade or so has been a particularly challenging one for the Fund and for the 184 countries which are its members.
CBB brings central banking authority role to fore
According to this article from Arab News, published Sunday 22 October, the establishment of the new Central Bank of Bahrain highlights the issue of the role of a central banking authority in an economy and financial market.
HKMA's Yam on one country, two financial systems
In the speech 'One country, two financial systems' given on 20 October Joseph Yam of the HKMA said as the fundamental role of the financial system is financial intermediation the comparison should usefully be made in respect of the three channels of…
Malaysia's Aziz on Islamic financial markets
In the speech 'New opportunities for growth and development in Islamic financial markets' given on 16 October Zeti Akhtar Aziz of the Central Bank of Malaysia said sound corporate governance and effective management of banking institutions are vital to…
McCreevy warns over curbing NBP's powers
Charlie McCreevy, the European Union internal market commissioner, has warned the Polish government in a letter quoted by the Finanical Times on Wednesday 25 October that recent moves to curb the powers of the central bank may "put at risk the stability…
Poland's Samoobrona wants presence in NBP
Poland's Self-Defence (Samoobrona) party will propose its candidate for the post of deputy head of National Bank of Poland and is likely to be the Under Secretary of State in the Labour and Social Policy Ministry, Polish News Bulletin reported Monday 23…
Italy's Draghi on regulation of financial markets
In the speech 'Measures for the protection of savings and the regulation of financial markets' given on 26 September Mario Draghi of the Bank of Italy said the quality of financial regulation is gauged by its effectiveness in preventing improper conduct,…
Empirical evidence for central bank autonomy
The International Monetary Fund Working Paper "Measures of central bank autonomy: Empirical evidence for OECD, developing, and emerging market economies" presents an update of the Grilli-Masciandaro-Tabellini (GMT) index of central bank (CB) autonomy,…
The measurement of central bank autonomy
The International Monetary Fund Working Paper "The measurement of central bank autonomy: Survey of models, indicators, and empirical evidence" presents a survey of the literature on the measurement of central bank autonomy.
Sweden's Ingves on cross-border banking regulation
In the speech 'Cross-border banking regulation - a way forward: The European case' given on 16 October Stefan Ingves of the Sveriges Riksbank said a separate regulatory framework for banks is based both on consumer protection arguments and on financial…
BIS' Knight on financial stability
In a speech given on 11 October Malcolm Knight of the BIS posed some questions to central banks and supervisory authorities regarding how best to oversee the activities of institutions engaged in microfinance.
Hedge funds can't escape the regulatory spotlight
According to this article from Reuters, published Thursday 19 October, hedge funds are facing calls for greater regulation from policymakers who are alarmed at potential systemic risks to global markets.
RBI's Reddy on banking and financial sector reform
In the speech 'Banking and financial sector reforms - status and prospects' given on 6 October YV Reddy of the RBI said reflecting on future prospects in banking, immediate focus has to be on the cleaning up of the remnants of undercapitalised banks,…
RBI's Leeladhar on demystifying Basel II
In the speech 'Demystifying Basel II' given on 26 September Shri V.Leeladhar of the Reserve Bank of India said flexibility has been the hallmark of our reform process, which was evident in our Basel I implementation.
Fed's Bernanke on bank regulation and supervision
In the speech 'Bank regulation and supervision: Balancing benefits and costs' given on 16 October Ben Bernanke of the Federal Reserve said U.S. bank regulators are taking a close look at international differences in the implementation of Basel II.
RBI's Gopinath on changes in risk management
In the speech 'Changing paradigms in risk management' given on 27 September Smt. Shyamala Gopinath of the Reserve Bank of India said that at the systemic level, efforts have been made to create an enabling environment for all market participants in terms…
Can we bank on Poland to look back - or forward?
According to this article published by The Times on Friday 13 October, Poland may be about to turn its back on a modern economy, with political interference at the central bank.
The way to prevent American regulatory creep
This article published by the Financial Times on Thursday 12 October says that the United States may have taken a backward step in financial regulation.
Fed's Bies on current banking issues
In the speech 'A U.S. supervisor's perspective on current banking issues' given on 11 October Susan Schmidt Bies of the Federal Reserve said that U.S. regulators were concerned some U.S. banks were increasingly concentrating their lending in the segment.
IMF's Carstens on opportunities and challenges
In the speech 'Opportunities and challenges for banks and supervisors in an Internationalized Financial System' given on 4 October Agustin Carstens of the IMF said Latin American governments must better supervise banks to avoid future crises and take…
New headquarters for Europe's newest central bank
According to this article from The Tiraspol Times, published Monday 9 October, with new headquarters the monetary authority of Pridnestrovie, the Trans-Dniester Republican Bank, has room to grow as the new country seeks international recognition.
Russia reports arrest of Kozlov murder suspects
Special services in Moscow have unofficially confirmed reports that the killers of the first deputy chairman of Russia's central bank, Andrey Kozlov, have been arrested, BBC Monitoring Service reported Wednesday 11 October quoting a translation of a…