Regulation
FATF strengthens global anti-money laundering
The Financial Action Task Force announced on Friday 27 February at its Plenary meeting that, due to substantial reforms by the Ukraine and Egypt, it has removed the two countries from its list of Non-Cooperative Countries and Territories (NCCTs).
Finland central bank bill withdrawn
A controversial bill that would have given the Finnish government the right to grab central bank funds has been withdrawn.
UAE's anti-money laundering laws praised
Governor of the UAE central bank Sultan bin Nasser Al Suwaidi has said that the UAE's anti-money laundering law has helped reduce serious cases since it was passed in 2002.
Court told 'Treasury in the dark' over BCCI affair
The High Court in London heard on Monday 16 February that the Bank of England allegedly deliberately withheld information about the state of BCCI from the Treasury because it was concerned that the government department would force the bank's closure.
Central banks share anti-counterfeiting technology
This article looks at the use of anti-counterfeiting technology in software, saying that a group of central banks, including the Bank of Canada, are quietly giving secret anti-counterfeiting technology to computer and software manufacturers in an attempt…
Improvements to the Federal Reserve's website
The Federal Reserve Board on Tuesday 10 February announced a number of improvements to its website, including the capability to view and submit comments on regulatory proposals.
UAE to hold seminar on money laundering
Senior government officials and lawyers will gather at the UAE central bank on Saturday 14 February to discuss legal procedures against money laundering.
EU regulators to redraft settlement standards
European financial regulators are to soften proposed new standards on clearing and settlement after fierce lobbying and sustained criticism from banks and industry bodies.
RBI governor to lead market surveillance panel
The Reserve Bank of India has formed a high power committee headed by the governor for integrated market surveillance and alert systems. The committee is to strengthen market supervision and monitoring.
Court told BoE broke rules over BCCI
It was alleged in the High Court in London on Wednesday 4 February that the Bank of England broke banking regulations in two areas when it licensed the now collapsed Bank of Credit and Commerce International.
Italy's cabinet approves regulatory reform bill
Prime Minister Silvio Berlusconi's cabinet approved a draft law on Tuesday 3 February to reform Italy's financial regulatory system, effectively leaving the Bank of Italy with a veto over banking mergers.
Authorities considering independence for HKMA
Financial secretary Henry Tang has introduced the possibility that the Hong Kong Monetary Authority could gain full independence.
Banking foundation considers Bank of Italy stake
Italy's leading banking foundation could consider taking a stake in the Bank of Italy, according to Giuseppe Guzzetti, chairman of the Cariplo foundation.
Basel: Changes to the securitisation framework
In response to public comments on the third consultative paper (CP3) of the New Basel Accord, the Basel Committee on Banking Supervision announced in October 2003 plans to revise the internal ratings-based (IRB) approach to securitisation exposures. The…
Bank of Italy's Fazio rejects Parmalat blame
The governor of the Bank of Italy on Tuesday 27 January tackled his critics who say he failed to protect investors from the Parmalat scandal,claiming that banks had shown a "serious error of judgement" in their dealings with the food company.
EU to base regulators in London and Frankfurt
European Union finance ministers agreed on Tuesday 20 January to base two new financial regulatory committees in London and Frankfurt.
Bank of Italy responds to Parmalat criticism
Italy's central bank mounted a fight back at the weekend following government accusations that it had neglected its regulatory duties and ignored warnings over the Parmalat fraud.
Bank of Italy criticised on Parmalat case
Italian economy minister Giulio Tremonti said on Thursday 15 January that the Bank of Italy had failed to respond to signals that something was wrong at Parmalat, now involved in one of Europe's biggest financial scandals.
Committee reports continued progress on Basel II
The Basel Committee on Banking Supervision reported on Thursday 15 January that it continues to make progress following the agenda established in Madrid last October.
Le Pan on the future of regulatory capital
In a speech on "The future of regulatory capital: targeting a consistent regulatory approach on a regional and functional basis" Nicholas Le Pan, Superintendent of the OSFII, talks about promoting consistency with the new Basel Capital Accord.
Bank of England faces criticism in BCCI case
The billion-pound law suit against the Bank of England over its part in the world's biggest banking fraud began on Tuesday 13 January with criticism of the 300-year-old central bank.
Pakistan to bring in new bank monitoring system
The State Bank of Pakistan said on 9 January that it is to introduce a new system of surveillance, monitoring and supervision of banks.
Bank of England court case set to begin
The Bank of England will go to court for the first time in its 300-year history on Tuesday 13 January when it defends its role in the £10bn collapse of the Bank of Credit & Commerce International.
Regulatory reform may face delay in Italy
The Italian government is unlikely to debate a regulatory reform bill this week and instead will wait for Parliament to finish an investigation, a minister said.