Regulation
Philippines looks to end special vehicles
The central bank in the Philippines is seeking to draw a line under special purpose investment vehicles that are a legacy of the Asian financial crisis that erupted more than a decade ago.
EU rules may scupper Northern Rock plan
A European Commission official said that if the British government continues to provide support for Northern Rock beyond 17 March, which under the plans for the nationalisation of the bank announced this week seems inevitable, it will have to prove that…
Northern Rock to be nationalised
Alistair Darling, the British chancellor of the exchequer, has announced that Northern Rock will be put into public ownership - the first nationalisation of a sizeable British bank for 25 years.
Sri Lanka's Jayamaha calls for better governance
Now is the time to change Sri Lanka's approach to governance, risk management and compliance, said Ranee Jayamaha, a deputy governor at the Central Bank of Sri Lanka.
Bundesbank gets bigger supervisory role
The Bundesbank is poised to take broader responsibility for operational banking supervision in Germany after the central bank and BaFin, the country's financial regulator, agreed rules to clarify their supervisory roles.
UK regulator wants above-inflation budget increase
The Financial Services Authority (FSA), Britain's beleaguered regulator, has asked the government for an extra £21.3m ($41.8m) for the 2008/ 2009 financial year.
Compliance key for subprime solution
The Federal Reserve's planned rule to aid subprime homeowners must be effectively enforced if it is to be successful, said Randall Kroszner, the governor of the Federal Reserve responsible for supervision.
Old Lady could offer covert support under new rule
The British chancellor wants to introduce new rules allowing the Bank of England to give lender-of-last-resort support in secret.
Swedish hedge funds are transparent enough: Nyberg
New rules for Swedish hedge funds are unnecessary, said Lars Nyberg, a deputy governor at the central bank.
Glum findings in latest FSA report
Financial markets could be more vulnerable to external shocks in 2008, the latest risk outlook published by the Financial Services Authority (FSA), the British single regulator, finds.
The FSA Handbook: a Practical Guide and Update
With the focus of markets on the regulatory response to the current crisis, the launch of this tenth guide to the Financial Services Authority (FSA) handbook, to be held in London on 6 February, is expected to be a popular event.
UK regulator held responsible for bank run
The Financial Services Authority (FSA), the British regulator, failed in its duty to properly supervise Northern Rock, the beleaguered mortgage lender, an eagerly awaited report by lawmakers finds.
New guide to banking and insurance supervision
Profiling over 440 agencies in more than 190 jurisdictions, the 2008 edition of How Countries Supervise their Banks, Insurers and Securities Markets, tells you how the world's financial firms are regulated and who regulates them.
European regulation event in London: 29 January
With the credit squeeze and banking crises like Northern Rock placing an increasing scrutiny on regulators, this practical guide to the latest regulatory developments is timely.
UK opposition party call for more power for Bank
David Cameron and George Osborne, two senior politicians from Britain's main opposition party, the Conservatives, are pressing for the Bank of England to take on more responsibility for financial regulation.
France's Noyer: new rules for ratings agencies
Christian Noyer, the governor of the Banque de France, highlighted three areas in which the regulation of rating agencies needs to improve in the wake of the credit crunch.
Rock action set for wider ambit
The scope of the regulatory response to Northern Rock will be much broader than originally anticipated, Alistair Darling, the British chancellor of the exchequer, said on Thursday.
UK chancellor blames Rock run on regulator
Alistair Darling, the British chancellor of the exchequer, admitted on Tuesday that the Financial Services Authority (FSA) was culpable in the run on Northern Rock, but said he still planned to grant the banking regulator more power.
Austrian central bank increases regulatory role
The National Bank of Austria has strengthened its hold on the regulation of the banking industry following the introduction of a new financial market supervision framework.
UK chancellor outlines regulatory changes
In a bid to prevent another Northern Rock, Alistair Darling, Britain's chancellor of the exchequer, has pledged to make the government ultimately responsible for actions to counter banking crises.
Israel's Fischer notes importance of Basel II
The adoption of the Basel II principles of capital management is one of the largest and most important tasks confronting the Israeli banking system, says Stanley Fischer, the governor of the Bank of Israel.
Regulators can't ensure clarity, only encourage it
In the wake of the credit crisis, central bankers and other financial regulators should use their clout to back the standardisation of financial instruments rather than trying to legislate for transparency, says Claire Jones, the editor of Central Bank…
Journalist defends Old Lady's "low morale" claims
Irwin Stelzer, the journalist who wrote last week that a senior Bank of England official had said the British chancellor and prime minister were blocking changes to banking regulation because of low morale, has described it as "a pity" that Mervyn King,…
Basel II procyclicality concern must be mitigated
The elements of Basel II built into the framework to mitigate procyclicality must be properly used, especially in the current climate, said Jaime Caruana, the director of the International Monetary Fund's monetary and capital markets department.