Basel II
'Basel II was a big mistake': Larry Meyer exclusive interview
The former Fed governor, now vice-chairman of Macroeconomic Advisers, talks to Credit about the US central bank’s handling of the financial crisis, and gives his views on where US monetary policy is heading.
Basel Committee: no decision yet to scrap Basel III liquidity rules
Regulators accept reform package will need to be reshaped but claim no decisions will be taken until July's committee meeting
G20 ditches controversial global bank tax
Finance ministers splinter on international banking levy, complicating individual countries’ promises to adopt a tax; group unites in call for Basel III to be completed by year-end
Risk Europe: Industry should stop fighting Basel III and focus on transition
Senior Basel Committee member tells banks to get involved in negotiations over the phase-in period for Basel II reforms
Weber calls for broader scope to Basel III
Bundesbank President Axel Weber says new Basel rules should incorporate a macroprudential element to overcome systemic risks
Fed’s Hoenig calls for counter-cyclical leverage ratio, slams Basel requirements
Hoenig calls for change in regulatory approach to bank lending by ditching Basel II approach in favour of ceiling on leverage
Lower growth a price worth paying for strong banks: Wellink
Basel Committee chairman Nout Wellink says potential drop in growth not too high a price for more robust banking system; secretary-general Stefan Walter says regulatory requirements still too soft
Basel Committee’s Walter: Basel III on track
A package of reforms to the Basel II capital framework will be calibrated by year-end as planned, says secretary-general.
Gold could play solid stability role
World Gold Council's George Milling-Stanley pushes for Basel III and SDR to be gold plated
Norges Bank director pushes for better pricing of risk
Norges Bank director Arlid Lund discusses how to prevent the next crisis and where the risks lie
Buba’s Weber dismisses Volcker rule
Bundesbank president Axel Weber says Paul Volcker’s plan will have unanticipated effects and interfere with monetary policy transmission, says sticking with Basel II is best
Basel Committee unveils radical agenda
Liquidity and capital proposals alter definition of capital, introduce global leverage ratio
Basel Committee reaches agreement on liquidity and counterparty risk
Two-day gathering results in progress on new rules
Ratings agencies: regulate or downgrade?
Ludˇek Niedermayer worries that regulating ratings agencies will simply increase their influence and create the wrong incentives
Interview: Zdeneˇk Tu°ma
Martina Horáková speaks to the Czech governor about the crisis, calls for cross-border supervision and the process for adopting the euro
Learning from the private sector
Central banks have lagged behind the commercial banks improving financial accountability, argues Jeremy Foster and Stephen Anderson.
Central banks should close the governance gap
Central banks seem reluctant to adopt prevailing private-sector “best practice” in governance, but there are benefits in doing so says Jeremy Foster.