Regulation
Autonomous eye should watch over MFIs, banks
According to this article from The East African Standard, published Tuesday 26 September, although the Central Bank of Kenya will get new regulatory and supervisory powers under the Micro-Finance Bill, little things like this can slip through the cracks.
Solving Kozlov's murder is 'question of honour'
The Moscow Times reported Tuesday 26 September that the killers of Russia's central bank first deputy chairman Andrei Kozlov may have been hired on the cheap and had no idea who they were being paid to kill.
Interview with Bank of England's Alastair Clark
In an interview with The Asian Banker, published Wednesday 27 September, Alastair Clark, adviser to the governor of the Bank of England, says the UK's "super regulator" model would not necessarily suit the current Chinese banking system.
FSA's McCarthy on challenges of Basel II
In the speech 'The challenge of Basel II for regulators' given on 18 September Callum McCarthy of the Financial Services Authority said that different regulators operate under very different legislative frameworks, and in very different political…
Paper on proposed changes to supervisory review
The UK Treasury has issued a discussion paper on proposed changes to the supervisory review process for mergers and acquisitions in the financial sector which considers the rationale for reform of the existing regime.
Kosovo revamps banking system to bolster economy
This article published by VOA on Saturday 23 September says that the move to transform the Banking and Payments Authority of Kosovo into a central bank will provide more independence and regulatory authority to Kosovo's new banking system.
Legislator calls for external BI appointments
Bank Indonesia needs to have a deputy governor selected from among commercial bankers, a legislator was quoted as saying by Asia Pulse.
Geithner says Fed powers may need extending
Timothy Geithner, president of the Federal Reserve Bank of New York, said late on Monday 25 September that the Federal Reserve may have to extend its supervisory authority to securities firms and hedge funds to keep up with their growing role in the…
Fed's Braunstein on non-traditional mortgages
In testimony 'Non-traditional mortgage products' given on 20 September Sandra Braunstein of the Federal Reserve said the Federal Reserve, responding to growing bank and consumer risks from "nontraditional" mortgages, is considering revising Truth in…
Fed appoints successor to Rich Spillenkothen
The Federal Reserve Board on Thursday 21 September announced the appointment of Roger T. Cole as director of the Division of Banking Supervision and Regulation, effective immediately.
Russia appoints new supervision head
A new official has been appointed to run the Russian central bank's Banking Supervision Committee, following the murder of the first deputy chairman a week ago, the bank announced Thursday 21 September, according to RIA Novosti.
The hunt for Balcerowicz
According to this article published by the Warsaw Business Journal on Monday 18 September, any notion of central bank independence in Poland will soon be banished.
New York Fed's Geithner on hedge funds
In the speech 'Hedge funds and derivatives and their implications for the financial system' given on 14 September Timothy Geithner of the Federal Reserve Bank of New York said financial regulators need to pay more attention to whether margin requirements…
Fed's Bies on Basel II and commercial real estate
In testimony 'Basel II and commercial real estate' given on 14 September Susan Schmidt Bies of the Federal Reserve said banks need to guard themselves against taking on too many commercial real-estate loans, and defended regulators' risk-management…
Russian central banker died with job unfinished
According to this article from Reuters published Thursday 14 September, Russia has lost a crusading reformer with the death of Andrei Kozlov, who made a promising start to cleaning up Russia's banking system.
China plans national financial regulator
China plans to set up an agency to link regulatory efforts by the central bank, market watchdogs and other monitors, a deputy finance minister said Wednesday 13 September.
Paper on governance and the IMF
The Bank of Canada Working Paper "Governance and the IMF: Does the Fund Follow Corporate Best Practice?" identifies governance issues facing the International Monetary Fund that have remained largely ignored by the literature and policy-makers alike.
State Bank of Pakistan divided into four depts
In a bid to bring about improved performance in various departments, State Bank of Pakistan governor Dr. Shamshad Akhtar has divided the central bank into four departments.
BMA to be replaced by central bank
Bahrain has issued a law setting up a central bank, which replaces the Bahrain Monetary Agency, Trade Arabia reported Thursday 7 September.
EU may curb central banks on cross-border deals
EU internal market commissioner Charlie McCreevy wants to curb the power of central banks and national financial supervisory authorities to intervene arbitrarily in cross-border deals, the Financial Times reported Wednesday 6 September.
BOJ panel recommends staff transaction ban
An advisory panel to the Bank of Japan has said BOJ officials should be barred from most types of financial transactions.
Balcerowicz says NBP's independence is at risk
National Bank of Poland governor Leszek Balcerowicz said in a television interview on Friday 1 September that the government poses an ``unprecedented'' threat to central bank independence.
IMF on transparency and supervision in Africa
The IMF has published a new country report that looks at monetary and financial policy transparency in central Africa.
Ghana goes for risk-based supervision
The governor of the Bank of Ghana, Paul Acquah, set out how the central bank plans to move towards a risk-based framework for banking supervision.