Regulation
Wellink on global banking supervision
In the speech 'Global banking supervision in a changing financial environment' given on 4 October Nout Wellink of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision said as an important guiding principle for future…
Bangladesh Bank's failure to handle problem-banks
According to this opinion piece from The New Nation, published Friday 6 October, investigation will lead to the conclusion that to a large extent Bangladesh Bank is responsible for the bankruptcy of the Oriental Bank Ltd.
EU draft statement calls for limited IMF reform
According to a draft statement, European Union countries are willing to cede only a ``limited'' share of power in the International Monetary Fund to fast-growing emerging economies.
Wrestling regulators
According to this comment piece from the Financial Times, published Wednesday 4 October, regulation should forward the public interest but different regulatory bodies sometimes clash in its defence.
Interview with NBP's Leszek Balcerowicz
In an interview with AP, published on Tuesday 3 October, the head of Poland's central bank said the bank is suffering the "most extreme" attacks on its independence since communism fell in 1989.
CBO signs PWC supervision agreement
The Central Bank of Oman (CBO) has signed an agreement with PricewaterhouseCoopers (PWC) to achieve a smooth migration into risk-based supervision (RBS).
SARB's Mboweni on regulatory developments
In the speech 'International regulatory developments and the South African banking sector' given on 2 October Tito Mboweni of the South African Reserve Bank said South Africa's high rate of private sector credit is a major concern and poses a risk to the…
BOK apologises over driver, guards salaries
The Bank of Korea has apologized for giving high salaries to drivers and guards stationed at its headquarters and promised to streamline its organization, The Korea Herald reported Monday 2 October.
ECB's Stark on central bank independence
In the speech 'The role of central banks in economic and personal finance education' given on 29 September Jurgen Stark of the ECB made some pointed remarks indirectly warning Poland's government against interfering with the country's central bank.
Kluza named chief of Poland's new regulator
Former minister of finance Stanislaw Kluza was on Friday 29 September named as the head of Poland's new commission designed to supervise the rapidly growing financial sector, Deutsche Presse-Agentur dpa reported.
China calls for hedge fund cooperation
Financial regulators across the world must work together to keep tabs on the increasingly powerful hedge fund industry, China's banking regulatory head said in remarks published on Thursday 28 September.
Fed's Bies on Basel II
In testimony 'Basel II' given on 26 September Susan Schmidt Bies of the Federal Reserve said that the Fed supports Basel II because it will help preserve the safety and soundness of the U.S. banking system.
Autonomous eye should watch over MFIs, banks
According to this article from The East African Standard, published Tuesday 26 September, although the Central Bank of Kenya will get new regulatory and supervisory powers under the Micro-Finance Bill, little things like this can slip through the cracks.
Solving Kozlov's murder is 'question of honour'
The Moscow Times reported Tuesday 26 September that the killers of Russia's central bank first deputy chairman Andrei Kozlov may have been hired on the cheap and had no idea who they were being paid to kill.
Interview with Bank of England's Alastair Clark
In an interview with The Asian Banker, published Wednesday 27 September, Alastair Clark, adviser to the governor of the Bank of England, says the UK's "super regulator" model would not necessarily suit the current Chinese banking system.
FSA's McCarthy on challenges of Basel II
In the speech 'The challenge of Basel II for regulators' given on 18 September Callum McCarthy of the Financial Services Authority said that different regulators operate under very different legislative frameworks, and in very different political…
Paper on proposed changes to supervisory review
The UK Treasury has issued a discussion paper on proposed changes to the supervisory review process for mergers and acquisitions in the financial sector which considers the rationale for reform of the existing regime.
Kosovo revamps banking system to bolster economy
This article published by VOA on Saturday 23 September says that the move to transform the Banking and Payments Authority of Kosovo into a central bank will provide more independence and regulatory authority to Kosovo's new banking system.
Legislator calls for external BI appointments
Bank Indonesia needs to have a deputy governor selected from among commercial bankers, a legislator was quoted as saying by Asia Pulse.
Geithner says Fed powers may need extending
Timothy Geithner, president of the Federal Reserve Bank of New York, said late on Monday 25 September that the Federal Reserve may have to extend its supervisory authority to securities firms and hedge funds to keep up with their growing role in the…
Fed's Braunstein on non-traditional mortgages
In testimony 'Non-traditional mortgage products' given on 20 September Sandra Braunstein of the Federal Reserve said the Federal Reserve, responding to growing bank and consumer risks from "nontraditional" mortgages, is considering revising Truth in…
Fed appoints successor to Rich Spillenkothen
The Federal Reserve Board on Thursday 21 September announced the appointment of Roger T. Cole as director of the Division of Banking Supervision and Regulation, effective immediately.
Russia appoints new supervision head
A new official has been appointed to run the Russian central bank's Banking Supervision Committee, following the murder of the first deputy chairman a week ago, the bank announced Thursday 21 September, according to RIA Novosti.
The hunt for Balcerowicz
According to this article published by the Warsaw Business Journal on Monday 18 September, any notion of central bank independence in Poland will soon be banished.