Feature/Regulation
How Ireland is reforming its central bank
A change of leadership offers Ireland’s central bank an opportunity to assert its independence from the country’s much maligned political and banking elite. It is doing much to grasp it, Claire Jones finds.
A return to complexity: economic policy after the crisis
The crisis has challenged the fundamentals of the prevailing macroeconomic orthodoxy. Policymakers must recognise this and adopt new frameworks accordingly, Sir John Gieve argues
How China is empowering the boardroom
Sound corporate governance is essential if future financial crises are to be avoided. Liao Min and Rui Wang of the China Banking Regulatory Commission (CBRC) explain how the commission is developing guidelines to make this happen
The Volcker Rule: wrong answer or the right question?
The Volcker Rule recognises that the structure of the banking system needs to change. For that it should be supported, says Michael Taylor
Reflections on the future of the banking system
John Chown assesses the lessons from the past for the creation of a sustainable banking system.
On the record: Paul Volcker
The former Fed chairman tells Congress that the central bank must take the leading role in regulating the financial system
Bright ideas and sombre moods
Malan Rietveld reports on a recent conference at the London School of Economics on the future of financial regulation
Building a more resilient financial system
The short-term focus that dominated policy, regulation, accounting and governance prior to the crisis has to be changed, argues Jacques de Larosière
Ratings agencies: regulate or downgrade?
Ludˇek Niedermayer worries that regulating ratings agencies will simply increase their influence and create the wrong incentives
Lessons for banking reform: a Canadian perspective
Canada’s banks have stood firm throughout the crisis, despite Ottawa’s aversion to prescriptive rule-based regulation
How to unblock the credit markets
Cutting interest rates is increasingly ineffective. Central banks need to create market-making windows, argues Ronald McKinnon
Three essential questions for reforming finance
Barack Obama should appoint a commission to investigate what went wrong and guard against quick fixes, says Eugene White
Shell shocked: American finance in crisis
A legislative overhaul is coming. Robert Litan says a renewed focus on market discipline and the consolidation of regulatory authority are the priorities
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
Legislative barriers and Northern Rock
Mervyn King’s assertion that he was “hemmed in” by legislation during the run on Northern Rock has some merits, argues Charles Proctor
Lessons of Northern Rock
British lawmakers are divided over how to fix a broken regulatory framework
Managing compliance and operational risk
Ulrik Knudsen, Jesper Berg and Hyldahl explain how Denmark's central bank has tackled compliance and operational risk in it's market operations department
Three decades of fund memories
William Keegan looks back on 30 years of often-rancorous meetings of the Bretton Woods twins
How cashless payments will reshape Asian commerce
Sayan Pariwat makes the case for electronic payments in economies where cash is still king
How to bring about a "robust exit" for an insolvent bank
Regulators often need to act fast in order to preserve a bank's value, punish poor management and avoid GDP-sapping bailouts argues David Hayes.