Opinion/Regulation
No easy alternatives to credit ratings
US regulators are right to look to curb their reliance on credit ratings. However, it will prove tricky to find viable alternatives
Britain’s banking commission must be bold
Britain’s banking commission must be bold
Policy produces dull but safe banks
In the second of a six-part series on the Japanese economy, Robert Pringle reports from Tokyo on how the crisis has impacted the nation’s global outlook
Volcker should chair FSoc
Aspects of the Dodd-Frank Act are welcome but crises will continue to be mismanaged, Robert Pringle writes.
UK officials must consider cultural factors in regulatory overhaul
Navigating the transition to Britain’s new regulatory regime is fraught with cultural challenges, writes Michael Foot
Ten legal gaps Europe’s regulators must close
René Smits identifies ten key issues that European financial legislators must consider when constructing the post-crisis regulatory framework
An open letter to the chancellor of the exchequer
The UK government’s plans for financial regulation are far from clear, writes Bill Allen, a former deputy director at the Bank of England
The forces of darkness overwhelm bank reform
Banks’ lobbying and politicians’ arguments against the Dodd regulatory reform bill are lamentable, Robert Pringle writes
Obama’s proposals – the only game in town
President Obama’s radical proposals recognise that the financial lobby can no longer hold society to hostage. They should be welcomed as a result, Robert Pringle, the chairman of Central Banking Publications, writes.
Separating the casino from the retail bank will not work
A division between investment and retail banking will not prevent future financial crises, Clive Briault, the founder of Risk and Regulation Consulting and a former managing director at the Financial Services Authority, argues
How narrow banks would fit in the financial system
Alessandro Roselli, a former official of the Bank of Italy, calls for a banking structure where narrow banks co-exist with commercial banks, properly redefined, and investment banks.
King is right to call for radical reform of banking
Bank of England governor’s desire for fundamental overhaul should be applauded, Robert Pringle, the chairman of Central Banking Publications, argues
Basel Committee gets it right
William Isaac, a former chairman of the Federal Deposit Insurance Corporation who now heads LECG Global Financial Services, believes the Basel Committee on Banking Supervision’s accounting guidelines have much to recommend them
De Larosière for long-term value and economic stability
A near-term focus dominated policy, regulation, accounting standards and governance in the run up to the crisis. It cannot last, writes Jacques de Larosière.
The Tories’ plan for sound banking
Robert Pringle, David Mayes and Michael Taylor, the editors of Central Banking’s Towards a New Framework for Financial Stability, give their reaction to Conservative plans to rebuild UK regulation
Washington's timetable for regulatory reform
Patton Boggs, a law firm,sets out how and when Obama's proposals for US financial regulation reform will become law in 2009
A feeble response to an unprecedented crisis
Officials have failed to deliver on their promises of a regulatory overhaul. It is a pity, writes Robert Pringle, the chairman of Central Banking Publications.
Bring back Glass-Steagall?
Suddenly, everybody is talking again about separating merchant banking from commercial banking. Ideas that a few months ago might have been dismissed as crackpot - bringing back a version of the Glass-Steagall legislation - now look as if they were ahead…
National regulators must revise Basel II
National regulators need only make a small change to the Basel II framework to avoid future government recapitalisations. It is essential that they do so, say Samuel Sender and Noel Amenc, two researchers at France's EDHEC business school.
Mary Schapiro: Here Comes the Sun
In recent months, the US Securities and Exchanges Commission (SEC) has been on the receiving end of severe criticism. Mark Berman, a former SEC lawyer who leads CompliGlobe Ltd, a London-based consultancy specialising in financial regulation and…