Regulation
UK to return to rules-based approach?
Philip Davis, head of economics and finance at Brunel University, says in an OECD paper that UK might need a more rules-based approach to banking regulation
Bankers warn against financial protectionism
IIF sees risk as a result of national governments’ efforts to restore confidence
US regulators stake their claim
Barack Obama’s plans give too much to the Federal Reserve say Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission (SEC) chiefs
British PM slams plans to soup up Bank role
Gordon Brown labels Conservative Party proposals to disband FSA and hand supervision to the Bank of England “wrong”
EU needs harmonised definition for regulatory capital
Kern Alexander from Cambridge University’s Judge Business School calls for increased supervisory consolidation across the European Union
Mexico clamps down on bank charges
Bank of Mexico steps up consumer protection with measures promote transparency and competition
The Tories’ plan for sound banking
Robert Pringle, David Mayes and Michael Taylor, the editors of Central Banking’s Towards a New Framework for Financial Stability, give their reaction to Conservative plans to rebuild UK regulation
Canada’s Jenkins wants more skin in the securitisation game
Bank of Canada’s Paul Jenkins on how to achieve sustainable securitisation
Tories would cull the FSA
Tory opposition plans end to UK’s single regulator
UK banking crisis: testimony
Three leading UK academics gave evidence to the House of Commons Treasury Select Committee
US's Barr: hedge fund advisers must register
US Treasury's Michael Barr on the Obama administration's proposed hedge fund legislation
Czechs unconvinced by EC regulatory revamp
Czech National Bank strongly criticises the European Commission’s proposal for financial supervision
Thailand’s Watanagase on financial inclusion
Bank of Thailand’s Tarisa Watanagase on improving financial inclusion
Ex-SEC heads look to limit Fed’s powers
An investor group chaired by two former SEC chairmen says Fed should not be granted responsibility for systemic risk
Central counterparties for CDS compared
Ad hoc industry group comprising both buy-side and sell-side publishes report on credit-default-swap central counterparties
Basel II enhancements released
Basel Committee on Banking Supervision announces revisions to supervisory framework and rules on trading-book capital
New Zealand issues risk guidelines for non-banks
Reserve Bank of New Zealand expands focus of risk-management rules beyond banks
Fed’s Greenlee: further stress testing needed
Federal Reserve’s Jon Greenlee says that many institutions would benefit from additional stress testing
Kenya – Bank Supervision Annual Report 2008
Central Bank of Kenya’s latest Bank Supervision Annual Report notes that domestic banks continue to embrace new technology
IMF research highlights regulatory governance gap
International Monetary Fund paper criticises non-bank regulators for failing to see stability as part of their mandate, finds frameworks for insurance supervision flawed
UK government wards Bank off leaning against wind
Alistair Darling’s long-awaited proposals beef up bank regulation but say the Bank of England should avoid leaning against the wind with rate moves
BIS’s Caruana recommends capital ratios of above 10% in booms
Bank for International Settlements’ Jaime Caruana says that capital ratios for financial institutions could go above 10% in good times