Europe
Leverage and productivity in emerging European economies
A Centre for Economic Policy Research paper published in December argues that while moderate leverage increases growth, excess leverage can dampen it
Sri Lanka doesn’t fear loss of EU privileges: CB chief
The country has coped with the loss of previous trade privileges, says central bank head
BoE’s Bailey: Europe to work on resolution regimes
Bank of England’s Andrew Bailey says missing piece in UK’s resolution regime is how to deal with cross-border banks
ECB’s Tumpel-Gugerell: rushing euro adoption no fix
European Central Bank’s Gertrude Tumpel-Gugerell says Central and Eastern European countries must fulfil Maastricht criteria to adopt euro
Tuma pulls out of EU race
Zdenek Tuma commits to Czech National Bank after political parties split on nomination
Sweden’s Nyberg calls for a “bolder agenda”
Lars Nyberg, a deputy governor of the Riksbank, calls for a common international approach to crisis management
Global regulatory reform not in sight: Kern Alexander
Kern Alexander says consensus on international regulatory reform is still far ahead
Brussels clears Rock break-up
Decision follows British government nationalisation in January 2008
De Larosière: don’t rush regulatory reform
Former governor of the Banque de France warns governments against rapid change for the finance industry
What makes up the macroprudential toolkit?
Practitioners and supervisors discuss how supervisory policy will be made
European Commission finalises regulatory fix
Commission unveils reform agenda, as proposed by De Larosière report
One credit register for Europe: Buba’s Zeitler
Bundesbank’s Franz-Christoph Zeitler says Europe needs a unified credit register
Shirakawa cites balance-sheet adjustment as key
Bank of Japan governor Masaaki Shirakawa says balance-sheet adjustments in US and Europe are becoming more important as risk of collapse abates
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
Rethinking decoupling
The decoupling hypothesis has been one of the casualties of the crisis, Martina Horáková argues
Flexible exchange rate better for welfare
Bundesbank investigates the welfare ranking of exchange rate regimes
S&P downgrades Latvia, Estonia
Latvia’s and Estonia’s long-term sovereign ratings downgraded, Lithuanian rating’s outlook put on negative watch
Bankers warn against financial protectionism
IIF sees risk as a result of national governments’ efforts to restore confidence
EU needs harmonised definition for regulatory capital
Kern Alexander from Cambridge University’s Judge Business School calls for increased supervisory consolidation across the European Union
Czechs unconvinced by EC regulatory revamp
Czech National Bank strongly criticises the European Commission’s proposal for financial supervision
Central counterparties for CDS compared
Ad hoc industry group comprising both buy-side and sell-side publishes report on credit-default-swap central counterparties
Counterparty risk drives foreign-exchange swap market
Bank for International Settlements investigates dislocations in the foreign-exchange swap market between the dollar and three major European currencies
Brussels bids to stabilise derivatives market
European Commission outlines proposals for derivatives-market revamp