Regulation
How global imbalances exacerbated the crisis
Riksbank's Barbro Wickman-Parak says imbalances contributed to the rise of complex instruments and structures
Reflections on the future of the banking system
John Chown assesses the lessons from the past for the creation of a sustainable banking system.
On the record: Paul Volcker
The former Fed chairman tells Congress that the central bank must take the leading role in regulating the financial system
Crisis calls for more active regulation : MAS head
Monetary Authority of Singapore's Heng Swee Keat calls for central banks to examine business models and strategies
Shirakawa blames human nature for bubbles
Bank of Japan's Masaaki Shirakawa says bubbles' causes will eventually boil down to the human nature
RBS and Lloyds to get £39.2 billion more
The part-nationalised banks are set to receive up to £39.2 billion in additional support measures announced on Tuesday
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
Bank of Russia – Banking Supervision Report 2008
Central bank governor says Russian banks must urgently make provisions and raise additional capital
IMF upbeat on Hong Kong
GDP predicted to grow 5% next year after 2% contraction in 2009, says IMF
Too-big-to-fail matters for macroprudence
Federal Reserve Board research looks at the dynamics of spillover effects of the global financial crisis to Asia and Pacific region
Narrow banking would create more instability: FSA’s Turner
Adair Turner, the head of Britain’s financial regulator, says narrow banking is not the solution because it fails to understand the root problem in the sector
Innovation, not regulation, the challenge
Heng Swee Keat, head of Singapore’s central bank, said Asian economies have different needs in emerging from the current financial crisis
BIS global financial regulator needed: Griffith-Jones
Stephanie Griffith-Jones argues for far stronger global financial regulatory governance under the Bank for International Settlements (BIS)
Global regulatory reform not in sight: Kern Alexander
Kern Alexander says consensus on international regulatory reform is still far ahead
India’s Thorat: coordination key in crisis
Reserve Bank of India’s Usha Thorat draws regulatory and crisis-management lessons from India’s past financial crises
Geithner’s scorecard for the resolution plan
Timothy Geithner, US Treasury Secretary, sets out five indicators to measure the success of the resolution plan
UK offshore centres must raise their game: report
Former FSA official highlights the need for “tax havens” to bring regulation up to international standards
Unconventional measures must remain – Buba’s Weber
Axel Weber says main liquidity-boosting measures must continue and be wound down only gradually
Macroprudential policy tough to apply – Watanagase
Bank of Thailand’s Tarisa Watanagase says macroprudential policy framework is challenging to put into practice
New law will allow Islamic banks – Uganda governor
Bank of Uganda’s Emmanuel Tumusiime-Mutebile says the financial institution act will be amended to allow Islamic banking
How narrow banks would fit in the financial system
Alessandro Roselli, a former official of the Bank of Italy, calls for a banking structure where narrow banks co-exist with commercial banks, properly redefined, and investment banks.
Brussels clears Rock break-up
Decision follows British government nationalisation in January 2008
Zambia’s Fundanga: region to upgrade regulation
Bank of Zambia’s Caleb Fundanga says Eastern and Southern Africa’s regulation must adapt to complex cross-border financial institutions and move to consolidated supervision
Bank of Albania – Annual Report 2008
Economic growth was in line with projections in 2008, notes Ardian Fullani in the central bank’s latest Annual Report