Macro-prudential policy
SIG to keep an open mind on RWA probe, says Himino
The Basel Committee’s standards implementation group has begun an investigation into RWA consistency, but chair Ryozo Himino says there might be good reasons for discrepancies
ESRB supports flexibility in EU legislation
European Systemic Risk Board backs flexible approach in EU legislation governing macro-prudential policy
Trinidad and Tobago governor calls for improved regional financial regulation
Ewart Williams believes the financial crisis should serve as a wake up call to the region; says increased legislation and supervision are needed
Elderfield wants to see investment not new debt in banking sector
Operational flexibility provided by investment is crucial for banking sector in future, says deputy governor of the Central Bank of Ireland
ESRB assesses systemic risks to EU financial system
European Systemic Risk Board analyses key systemic risks to financial system in the EU; uncertainties surrounding sovereign debt and pressures on bank funding among top issues
IMF policy paper investigates volatility in low-income countries
International Monetary Fund paper looks into the role and potential for contingent financial instruments to aid in managing shocks in low-income countries
Sants to leave UK’s FSA in June
Financial Services Authority chief bows out well before prudential powers shift to the Bank of England next year; Bailey to take over prudential regulation role
Robert Pringle's Viewpoint: Strauss-Kahn on central banks, the euro and the dollar
Dominique Strauss-Kahn’s personal failings deprived the world of a leader with the expertise, vision and drive to push though vital monetary and economic reform. But his views still hold weight
ECB compromise on Basel III adjustments gets mixed response
An ECB proposal for the European Systemic Risk Board to have oversight on whether European regulators can adjust Basel III for macro-prudential purposes gets a mixed response from central bankers
IMF’s Min Zhu on macro-prudential policy implementation
Deputy managing director of the IMF opens conference on macro-prudential policies; says countries must address three “crucial issues” to make these policies effective
Use of behavioural finance will not stop next crisis, says CNB adviser
The use of behavioural economics in management decisions and supervisory models would not prevent a future crisis, says Czech National Bank adviser, Michal Skořepa
Goodhart hits out at current macro-prudential focus
Economist Charles Goodhart agrees with Robert Pringle that risk and return incentives need to change at banks to ensure future financial stability. But permitting failures is a step too far
Bank of Portugal studies synchronisation of macroeconomic fluctuations
Research paper expands on the assessment of synchronisation of macroeconomic fluctuations across countries and regions; past assessment has been crucial for the debate on economic integration
Regulators ignore data challenges at their peril, say CBJ authors
Standards-setters around the world seeking to improve financial stability are destined to fail unless they can get to grips with core data needs, according to the authors of a new Central Banking Journal article
Bank of Canada research delves into monetary policy
Bank of Canada releases research paper which examines the interaction between monetary policy and macro-prudential policy
De Larosière fears another crippling credit crunch in Europe
New international banking regulations aimed at cleaning up the financial system could cause a crippling credit crunch in Europe, says Jacques de Larosière
HKMA’s Chan says fiscal cuts are essential for Europe
Hong Kong Monetary Authority chief executive Norman Chan says Europe must make deep fiscal cuts to regain market confidence. Talks about macro-prudential regulation, the Hong Kong dollar peg and the internationalisation of the renminbi
Macro-prudential powers are no panacea
Central banks will take on substantial new macro-prudential supervisory powers in the years ahead. But this is a dangerous experiment, and a step in the wrong direction
HKMA head Norman Chan on bank regulation and the renminbi
Chief executive tells Christopher Jeffery that central bankers need to be proactive in dealing with asset bubbles. He also explains Hong Kong’s role in the renminbi's internationalisation
New fault lines in financial regulation
Deleveraging could trigger another crippling credit crunch in Europe at a time when the recovery is still fragile. By Jacques de Larosière
Data: a core challenge for financial regulatory reform
Improving financial stability through the use of interconnected and predictive supervisory tools requires a rethink on data. By Constantin Gurdgiev and Keith Saxton
Robert Pringle’s Viewpoint: Central bank macro-prudential powers are no panacea
Central banks will take on substantial new macro-prudential supervisory powers in the years ahead. But this is a dangerous experiment, and a step in the wrong direction
Financial taxes can bolster macro-prudential policy, says IMF paper
Fund study shows counter-cyclical tools should be incorporated to enrich the broader macro-prudential policy framework in Korea