Regulation
Old Lady urges banks to use profits to de-leverage
Bank of England calls on banks to plug profits back into fixing balance sheets; Haldane says City exodus may be price worth paying
Basel Committee unveils radical agenda
Liquidity and capital proposals alter definition of capital, introduce global leverage ratio
BoE’s Miles calls for smaller banking sector
Bank of England’s David Miles says the enormous size of the banking sector is no longer justified
Ireland’s Honohan: “intrusive” supervision warranted
Governor of the Central Bank and Financial Services Authority of Ireland says regulator’s heavy handedness justified
Crisis down to global imbalances: Obstfeld, Rogoff
Maurice Obstfeld and Kenneth Rogoff say global imbalances key source of crisis
Imbalances must be addressed: Trichet
ECB president Trichet points to imbalances in emerging Asian countries and stresses importance of Europe-wide and international cooperation on macroprudential supervision
British regulator calls on banks to step up stress tests
British financial regulator beefs up stress test rules; calls on banks to examine business models
Old mortgage model is dead: Fed’s Duke
Federal Reserve’s Elizabeth Duke warns of the ghost of homeownership yet to come
America can learn from us: Uganda’s Tumusiime-Mutebile
Bank of Uganda’s governor says risk-based supervision saved the country’s banks; reinforces the importance of open-market principles for the economy
Ireland creates senior posts
Central Bank & Financial Services Authority of Ireland announces new roles as part of regulatory shift
FSB’s Draghi on global regulation
Financial Stability Board chairman urges patience, stresses importance of political will
SNB’s Hildebrand on too big to fail
Swiss National Bank’s Philipp Hildebrand stresses that banks must be allowed to collapse without hindrance to the real economy
Basel Committee reaches agreement on liquidity and counterparty risk
Two-day gathering results in progress on new rules
Packed agenda awaits Basel Committee at crunch meeting
Uncertainties abound ahead of key gathering
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
Narrow banking not the answer: RBI’s Subbarao
RBI governor dismisses breaking up banks as solution to financial-sector problems; argues for macroprudential policy measures to tackle interconnectedness
HKMA presses on with Lehman Brothers cases
Hong Kong’s central bank refers some 334 cases to SEC for further investigation
FSA outlines "sceptical approach"
Margaret Cole, the regulator’s director of financial crime and enforcement, elaborates on its strategy, and highlights some of its successes
IMF to Hong Kong: beware of bubbles
International Monetary Fund looks at the potential macroeconomic implications for Hong Kong of accommodative monetary policy in the United States
The relationship between deregulation and firm volatility
Federal Reserve paper finds evidence from the 80s suggesting volatility declined as a result of interstate deregulation
UAE’s banks liquid since April: Al-Suwaidi
Central Bank of United Arab Emirates’ Sultan Bin Nasser Al-Suwaidi describes measure that helped the country to weather spillovers from turmoil
Base countercyclical provisioning on expected losses
Bank of Italy looks at Spanish dynamic provisioning