Regulation
BIS' Knight on financial stability
In a speech given on 11 October Malcolm Knight of the BIS posed some questions to central banks and supervisory authorities regarding how best to oversee the activities of institutions engaged in microfinance.
Hedge funds can't escape the regulatory spotlight
According to this article from Reuters, published Thursday 19 October, hedge funds are facing calls for greater regulation from policymakers who are alarmed at potential systemic risks to global markets.
RBI's Reddy on banking and financial sector reform
In the speech 'Banking and financial sector reforms - status and prospects' given on 6 October YV Reddy of the RBI said reflecting on future prospects in banking, immediate focus has to be on the cleaning up of the remnants of undercapitalised banks,…
RBI's Leeladhar on demystifying Basel II
In the speech 'Demystifying Basel II' given on 26 September Shri V.Leeladhar of the Reserve Bank of India said flexibility has been the hallmark of our reform process, which was evident in our Basel I implementation.
Fed's Bernanke on bank regulation and supervision
In the speech 'Bank regulation and supervision: Balancing benefits and costs' given on 16 October Ben Bernanke of the Federal Reserve said U.S. bank regulators are taking a close look at international differences in the implementation of Basel II.
RBI's Gopinath on changes in risk management
In the speech 'Changing paradigms in risk management' given on 27 September Smt. Shyamala Gopinath of the Reserve Bank of India said that at the systemic level, efforts have been made to create an enabling environment for all market participants in terms…
Can we bank on Poland to look back - or forward?
According to this article published by The Times on Friday 13 October, Poland may be about to turn its back on a modern economy, with political interference at the central bank.
The way to prevent American regulatory creep
This article published by the Financial Times on Thursday 12 October says that the United States may have taken a backward step in financial regulation.
Fed's Bies on current banking issues
In the speech 'A U.S. supervisor's perspective on current banking issues' given on 11 October Susan Schmidt Bies of the Federal Reserve said that U.S. regulators were concerned some U.S. banks were increasingly concentrating their lending in the segment.
IMF's Carstens on opportunities and challenges
In the speech 'Opportunities and challenges for banks and supervisors in an Internationalized Financial System' given on 4 October Agustin Carstens of the IMF said Latin American governments must better supervise banks to avoid future crises and take…
New headquarters for Europe's newest central bank
According to this article from The Tiraspol Times, published Monday 9 October, with new headquarters the monetary authority of Pridnestrovie, the Trans-Dniester Republican Bank, has room to grow as the new country seeks international recognition.
Russia reports arrest of Kozlov murder suspects
Special services in Moscow have unofficially confirmed reports that the killers of the first deputy chairman of Russia's central bank, Andrey Kozlov, have been arrested, BBC Monitoring Service reported Wednesday 11 October quoting a translation of a…
Wellink on global banking supervision
In the speech 'Global banking supervision in a changing financial environment' given on 4 October Nout Wellink of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision said as an important guiding principle for future…
Bangladesh Bank's failure to handle problem-banks
According to this opinion piece from The New Nation, published Friday 6 October, investigation will lead to the conclusion that to a large extent Bangladesh Bank is responsible for the bankruptcy of the Oriental Bank Ltd.
EU draft statement calls for limited IMF reform
According to a draft statement, European Union countries are willing to cede only a ``limited'' share of power in the International Monetary Fund to fast-growing emerging economies.
Wrestling regulators
According to this comment piece from the Financial Times, published Wednesday 4 October, regulation should forward the public interest but different regulatory bodies sometimes clash in its defence.
Interview with NBP's Leszek Balcerowicz
In an interview with AP, published on Tuesday 3 October, the head of Poland's central bank said the bank is suffering the "most extreme" attacks on its independence since communism fell in 1989.
CBO signs PWC supervision agreement
The Central Bank of Oman (CBO) has signed an agreement with PricewaterhouseCoopers (PWC) to achieve a smooth migration into risk-based supervision (RBS).
SARB's Mboweni on regulatory developments
In the speech 'International regulatory developments and the South African banking sector' given on 2 October Tito Mboweni of the South African Reserve Bank said South Africa's high rate of private sector credit is a major concern and poses a risk to the…
BOK apologises over driver, guards salaries
The Bank of Korea has apologized for giving high salaries to drivers and guards stationed at its headquarters and promised to streamline its organization, The Korea Herald reported Monday 2 October.
ECB's Stark on central bank independence
In the speech 'The role of central banks in economic and personal finance education' given on 29 September Jurgen Stark of the ECB made some pointed remarks indirectly warning Poland's government against interfering with the country's central bank.
Kluza named chief of Poland's new regulator
Former minister of finance Stanislaw Kluza was on Friday 29 September named as the head of Poland's new commission designed to supervise the rapidly growing financial sector, Deutsche Presse-Agentur dpa reported.
China calls for hedge fund cooperation
Financial regulators across the world must work together to keep tabs on the increasingly powerful hedge fund industry, China's banking regulatory head said in remarks published on Thursday 28 September.
Fed's Bies on Basel II
In testimony 'Basel II' given on 26 September Susan Schmidt Bies of the Federal Reserve said that the Fed supports Basel II because it will help preserve the safety and soundness of the U.S. banking system.