Regulation
Soludo on the Nigerian banking system
Following controversy over Springbank, the governor of the Central Bank of Nigeria, Charles Soludo, sought to reassure the public in this briefing that the banking system is safest and soundest it has ever been in its history.
FSA warns on private equity
The British Financial Services Authority (FSA) has voiced concerns over the "excessive level" of debt private equity firms use to buy out public companies.
Bank of Israel should oversee bank fees - Knesset
The final report of the Knesset's committee looking into banking fees recommended that control of banking fees be transferred to the central bank.
Basel II and risk management in the Philippines
As the Philippines gears up for Basel II, Amando Tetangco, Jr, the central bank's governor set out areas where the central bank could work with the banking system to improve risk management processes.
Three new directors for the Bank of Canada
Jim Flaherty, Canada's minister of finance, named three new directors for the central bank's board.
PBoC issues rules to combat terrorist financing
China's central bank has set out new rules for the finance industry designed to combat the movement of money suspected of being used for terrorist purposes.
Israel's Fischer on new banking law
Addressing the Knesset, Stanley Fischer, the governor of the Bank of Israel, urged lawmakers to push forward with a new law on the supervision of banking fees by the Supervisor of Banks.
Draghi keen on governance reforms for banks
The governor of the Bank of Italy, Mario Draghi, told the central bank's shareholder at the conclusion of its annual meeting that he backs Italian lawmakers' current effort to reform the governance arrangement for the country's cooperative commercial…
FSA issues hedge fund guidelines
In the latest development surrounding the regulation of hedge funds, the British Financial Services Authority (FSA) has issued guidelines clarifying its approach in four important areas of hedge fund regulation.
The future of UK regulation
In this speech, Dan Waters, director of Retail Policy at the Financial Services Authority, provides an overview of the main principles and applications of the authority's much-praised "principles-based" supervision.
Shareholders call for investigation on ABN Amro
A Dutch shareholders association has asked the European Internal Market Commissioner, Charlie McCreevy, to investigate the Dutch central bank's recent actions in the ongoing takeover battle for ABN Amro.
A primer on Islamic finance
This IMF working paper provides a review of the current state of market development in Islamic finance and examines the legal and economic implications of shariah compliance.
Hedge funds to rebuff German regulators
According to reports, updated guidelines on best practice published by hedge fund industry associations on 22 May will not heed German calls for a full voluntary code of conduct for the industry.
New board for German regulator
A new board will govern BaFin, the German banking supervision agency, following an internal fraud scandal that gripped the agency in 2006.
FSA's inaction on split caps chided
The UK's Financial Services Authority (FSA) has been criticised for closing a five-year investigation into the split capital investment trust scandal without taking action against any individuals or firms.
Malaysian governor on Islamic Finance
Dr. Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia gave a speech at the 4th IFSB summit on 15 May 2007 regarding the need for a cross-sectoral approach in Islamic financial services.
Trichet supports hedge fund code of conduct
There is growing support around the world for a proposed voluntary code of conduct for hedge funds, European Central Bank president Jean-Claude Trichet said recently.
Hedge fund progress pleases Germany's Steinbrueck
German finance minister Peer Steinbrueck said in comments published Wednesday 16 May that he plans to lay out the basis of a voluntary self-regulation agreement with hedge funds operating in Europe within the next months.
Zeti says Islamic finance issue needs focus
There is a need for greater focus to arrive at a common vision on the future of the Islamic financial services industry, Bank Negara Malaysia's governor Tan Sri Dr Zeti Akhtar Aziz said in a speech Tuesday 15 May.
Bernanke on regulation and financial innovation
In the speech 'Regulation and financial innovation' given on 15 May Ben Bernanke of the Federal Reserve said gave his view on the hedge fund debate saying central banks and financial regulators should resist the temptation to devise ad hoc rules for each…
Chatham House City Series
Impact of extraterritorial regulation on the cross-border financial markets, Bloomberg Studios, London, 15th June 2007.
ECB's Trichet on the Lamfalussy approach
In a speech given on 9 May Jean-Claude Trichet of the ECB said the Committee of European Banking Supervisors (CEBS) has made significant progress so far and this has been acknowledged and appreciated by all interested parties, including the ECB and the…
DNB's Wellink says 'no risk from M&A'
Dutch central bank president Nout Wellink said Wednesday 9 May he believes ABN Amro is an extremely strong bank and that customers should not fear a takeover.
Oman to introduce risk-based supervision
The Central Bank of Oman will introduce risk-based supervision by the end of the year, Hamood Sangour Al Zadjali, executive president, CBO, said in Muscat in an address to bankers.