Regulation
Bankers play down moral hazard
Institute for International Finance says banks will not take advantage of too big to fail, says capital rules could hinder growth if too harsh
Much more to be achieved in regulation: Trichet
ECB President outlines the priorities for legislators
Recovery underway, but risks remain – IMF
Global Financial Stability Report cuts financial loss projection
Banks’ funding models to blame for the crunch
ECB Executive Board member Gertrude Tumpel-Gugerell says funding switch weakened banks, complex instruments alone not the cause of the crisis
Banks bend rules in crises: IMF paper
Authors show that banks used discretion in classifying mortgage debt and in accounting for related losses and assets
Wanted: paranoid and unpopular central bankers
Panel says central bankers must look for risk everywhere and be prepared to implement unpopular policies to prevent the next crisis
Buba’s Weber charts history of regulation
History points to regulation’s frailties, notes Bundesbank’s Axel Weber
Volcker: narrower role would make Fed too detached
Paul Volcker says removing supervision from Fed’s ambit would risk turning central bank into “academic seminar”
Buba’s Zeitler: regulatory capital a key issue
Bundesbank’s Franz-Christoph Zeitler commends capital measures but warns implementation should not occur until after the crisis is at an end
European Commission finalises regulatory fix
Commission unveils reform agenda, as proposed by De Larosière report
ECB’s Tumpel-Gugerell presents path to better banking
European Central Bank executive board member spells out how banks’ business models need to change
Influential senator wants US supraregulator - report
Senate Banking Committee’s Chris Dodd wants four American supervisors to merge into one, says report
One credit register for Europe: Buba’s Zeitler
Bundesbank’s Franz-Christoph Zeitler says Europe needs a unified credit register
Fed to intervene on pay, UK minister dismisses bankers’ “talent”
Federal Reserve to have authority on compensation, Wall Street Journal reports as British minister says bankers undeserving of high rewards. Moves part of global outcry over bankers’ bonuses
Basel proposes home-host fix
Basel Committee on Banking Supervision devises solutions to cross-border bank issue
FSA and SEC to cooperate on hedge-fund rules
Financial Services Authority and Securities and Exchange Commission agree to cooperate on reporting and other regulatory requirements for hedge funds
Bernanke optimistic regulatory overhaul will happen
Federal Reserve’s Ben Bernanke “quite confident” that Congress will pass far-reaching financial reforms
Upholding investment fund status quo ‘not an option’
There is much good in the EU Alternative Investment Fund Management Directive. But spirited debate is needed to make improvements says FSA
King cautious on recovery
Bank of England’s Mervyn King warns return to trend growth will be slow and protracted, much to be done on regulation
Fed governor pans accounting developments
Federal Reserve’s Elizabeth Duke says both FASB’s and IASB’s new approaches raise “number of concerns”
Bank’s Haldane stresses limits of regulation
Rules alone will not be enough to restore trust and spur a full recovery says Bank of England’s executive director for financial stability
Reducing regulatory arbitrage key challenge: RBI’s Thorat
Reserve Bank of India’s Usha Thorat says regulators must focus on minimising international regulatory arbitrage
Goodhart says regulatory outlook unclear
London School of Economics’s Charles Goodhart says the process of reaching international agreement has become more difficult