Financial Stability
Basel Committee sketches regulatory action plan
Basel Committee on Banking Supervision identifies eight issues it is working on as Basel III reform package heads into political sphere
Financial regulators’ doubts about the prudential regime
Officials are far from confident that they will be able to create a more resilient financial system, Robert Pringle writes
Bail-ins win further support
Bail-in capital meets with favour from speakers at London School of Economics conference
Take more proactive role in macroprudential policy, DSK tells Asia
IMF managing director Dominique Strauss-Kahn says emerging markets should lead by example and complement strong recovery with sound macroprudential policies
Malaysia’s Ibrahim: bank cooperation key to regulatory reforms
Bank Negara Malaysia’s Muhammad bin Ibrahim says successful implementation of regulatory reforms requires cooperation with banks
Basel Committee releases proposals for pay
Basel Committee on Banking Supervision releases guidelines on methodology for compensation practices; says proposals seek to more closely align risk and performance at financial institutions
Academics embark on €1.8m project to predict crises
European Union-funded project will see economists, computer scientists and physicists cooperate in bid to improve financial forecasting
IMF: currency crises studies inaccurate
Fund research finds earlier studies on currency crises fail to identify volatile market fundamentals
Bank Negara Malaysia - Monetary and Financial Developments
Malaysian central bank’s August Monetary and Financial Developments report shows inflation of 2.1%
NY Fed’s Dudley backs Basel III
New York Federal Reserve president William Dudley says Basel III will capture risk better than pre-crisis standards
RBI’s Subbarao: trade between EMEs’ should be exploited
Reserve Bank of India governor Duvvuri Subbarao says developing world can secure prosperity by focusing on trade with other emerging markets
Hungary sets four hour limit for retail payments
National Bank of Hungary issues decree requiring banks to settle electronic payments within four hours; move may cost banks up to $40m, admits deputy
G30 unveils macroprudential manual
Group of Thirty recommends dual approach to macroprudential policy; says combination of fixed and flexible tools will equip supervisors to address systemic risks
Basel Committee outlines principles for good supervisory colleges
Basel Committee on Banking Supervision publishes its eight principles to guide the construction and running of supervisory colleges
Fed’s Yellen: macroprudential policy must balance rules and discretion
Federal Reserve vice chair Janet Yellen says macroprudential supervisors should be guided by fixed rules, but have discretionary capacity to surprise firms
Monetary policy cannot correct over-leveraging: Bank’s Miles
Higher interest rates will not prevent build-up of debt, which amplified effects of recent crisis, says Bank of England rate-setter David Miles
IIF defends doom-and-gloom Basel III forecasts
Institute for International Finance backs up its predictions of Basel III output loss, which are deeper than regulators’
IASB appoints Hoogervorst as new chairman
Hans Hoogervorst, Dutch former cabinet minister, has been appointed chair of the International Accounting Standards Board
BoC: Business Outlook Survey
Bank of Canada Business Outlook Survey shows domestic firms’ growth outlook remains muted
Firms have cut reliance on debt financing: RBA’s Battellino
Reserve Bank of Australia deputy governor Ric Battellino says businesses have raised equity and looked to their profits for funding
BIS’s Caruana says central banks have pivotal role in regulation
Bank for International Settlements general manager Jaime Caruana says central banks are best placed and have the necessary expertise to regulate markets
ECB's Constâncio: grant CCPs access to central bank liquidity
European Central Bank's Vítor Constâncio says central counterparties should get access to central bank liquidity so long as they're regulated
IMF/ World Bank meetings: lack of resolution regimes a key concern
Cross-border resolution regime deemed crucial by officials and bankers, but many sceptical progress can be made
ECB sets stage to tackle ‘addicted banks’
European Central Bank publishes toughened rules that will allow it to limit individual banks’ access to short-term funds and exclude asset classes