Regulation
Asia Risk Congress 2010: G-20 poised to tackle shadow banking and commodity derivatives
The G-20 is not going to sit still after its historic endorsement of Basel III. New targets include the shadow banking system and commodity derivatives, according to a senior Japanese government official.
Canada’s Carney favours contingent capital solution to too big-to-fail
Bank of Canada governor Mark Carney says embedding contingent capital in all future issues of new debt will privatise losses
Politics won't get in the way of Sifi plans: FSB's Draghi
Financial Stability Board chairman Mario Draghi says resolution regimes for systemically important banks operating across borders need not be bogged down in political tensions
Fed’s Tarullo defends US record on Basel II
Federal Reserve governor Daniel Tarullo dismisses criticism over US implementation of minimum capital requirements under Basel II; says Basel III will only be effective if applied rigorously by all countries
Banks could circumvent Volcker rule by gaining hedge fund exposure synthetically
Volcker rule may contain loophole that allows banks to invest in hedge funds
Bankers hit out at Basel III trade finance rules
Bank chief executives say tough rules on trade finance will suffocate global trade, putting growth at risk
Basel III will choke SMEs, say leading bankers
Sands, Ackermann emphasise need for policy that supports small and medium enterprises; reiterate calls for a level playing field under Basel III
Italy: Basel II framework left banks defenceless against monetary policy shocks
Bank of Italy study shows higher capital requirements under Basel II did not guard against monetary policy shocks
Islamic finance poses challenges for central banks: Bank of Italy
Bank of Italy study says underdeveloped market for Islamic finance creates problems for central banks and regulators
Quant Congress Europe: Basel III CVA charge political, says Swiss regulator
Finma official hits back at industry criticisms of counterparty risk charge, but concedes political pressure to hurt OTC market is undeniable
UK FSA director of financial stability quits
Financial Services Authority's David Strachan will leave role in first quarter of next year; departure adds to growing list of senior figures leaving regulator
Eugene White: Fed supervision increased probability of crises
Fed’s increased role in banking supervision during the early part of the last century altered behaviour of banks and regulators
RBI bans three banks over circular trading
Standard Chartered, Société Générale and Credit Agricole will be banned from proprietary trading in government bonds
FSB opens up to non-members with outreach proposal
Financial Stability Board to set up regional consultative groups to give non-members a presence in regulatory debate; move goes only half the way to correcting imbalance, DIFC chief economist says
Bank Negara’s Zeti: international links key to Islamic finance
Bank Negara Malaysia governor Zeti Akhtar Aziz says growth in Islamic finance down to international cooperation
Luxembourg’s Mersch condemns Basel III bias
Central Bank of Luxembourg governor Yves Mersch says Basel III will be more detrimental to European banks than US lenders; echoes bankers’ concerns on lending to small and medium enterprises
Sigtarp criticises Treasury's bailout accounting
AIG investment cut from $45 billion loss to $5 billion loss following accounting change, report claims
Ireland to raise consumer protection standards
Central Bank of Ireland proposes rules requiring firms to be tougher when selling products to customers
Bolivia’s Tellería on central banks and regulation
Central Bank of Bolivia acting president Gabriel Loza Tellería says central banks must take part in prudential regulation; need new macroprudential mandate
Iosco issues guidelines to crack down on dark pools
International Organisation of Securities Commissions solicits comment on how to regulate dark liquidity
Central banks, markets must cut ratings reliance: FSB
Financial Stability Board publishes principles to roll back the influence of credit ratings agencies