Regulation
Homogeneous regulations could contribute to risk, says former Brazil central bank chief
Arminio Fraga warns about the use of globally standardised methodologies for regulatory capital, as well as the dangers of multiple central counterparties
Basel III could have softened crisis: BIS's Caruana
Bank for International Settlements general manager Jaime Caruana says crisis could have been very different had Basel III framework been in place
Cebs says work on supervisory colleges is accelerating
Cebs secretary-general Arnoud Vossen, in an interview with Operational Risk & Regulation, says work on improving supervisory colleges is speeding up
Mervyn King leans towards radical reform
Insured deposit banks are the way forward, writes Robert Pringle
Esma could undermine City of London: LSE's Rolet
London Stock Exchange chief executive Xavier Rolet tells influential parliamentary committee new European Securities and Markets Authority could risk handing control of UK regulation to Europe
DMOs to Basel Committee: leave our bonds out of your buffers
New rules mean banks will have to load-up on government debt, but one apparent beneficiary - debt management offices - are against the idea
Central banks should regulate financial system: CentralBanking.com poll
CentralBanking.com poll shows more than 58% of readers think central banks should regulate banks in addition to insurance firms, hedge funds, and brokers
Basel Committee stalls on key element of counter-cyclical plans
Market participants cast doubt on the collective strength of multiple measures to mitigate pro-cyclicality in Basel III
Britain unveils sweeping, cross-border bank levy
UK government publishes draft bank tax law which will affect domestic banks operating overseas and foreign bank operations in Britain; proposal highlights international disunity
RBA’s Ellis: no single best organisational framework for regulation
Reserve Bank of Australia head of financial stability department Luci Ellis says regulators’ organisational structure less important than ability to respond to financial distress
EU to rely on colleges for cross-border resolution
Plans place ‘resolution colleges’ at the fore of attempts to avoid diplomatic wrangling from a cross-border bank's collapse; Barnier keen on harmonisation of insolvency laws but stresses difficulties
More discord over Basel III countercyclical buffers
Basel Committee’s Peter Praet acknowledges disagreement; Charles Goodhart warns lack of consensus will stop central banks acting to stem financial imbalances
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
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
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
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
RBNZ advances new regulatory framework
Reserve Bank of New Zealand broadens financial oversight over non-bank activity; says expiry of retail deposit guarantee scheme will balance risks
Ireland’s Elderfield rules out senior debt haircuts
Holders of senior debt must not be forced to shoulder losses, but issuing banks could negotiate with them, says Central Bank of Ireland’s Matthew Elderfield
Vietnam proposes lifting gold ban to stem inflation
State Bank of Vietnam head of foreign exchange Nguyen Quang Huy says restrictions on gold imports may be lifted if domestic prices are unsustainable; move could help contain inflation
Swiss to make UBS and Credit Suisse pay for systemic status
Swiss commission proposal beefs up Basel III for Credit Suisse and UBS with 19% capital requirement and other measures to tackle 'too big to fail' problem