Risk
BoE: consumption volatility explains global decline in real interest rate
Bank of England study shows lower global real interest rates caused by higher consumption volatility in traded goods
Wellink keen on expanding Basel III rules
Basel Committee chairman Nout Wellink says further improvements to new Basel rules will increase quality of capital base
NBER: narrow funding banks will help regulate ABS market
National Bureau of Economic Research study proposes new narrow funding banks to help regulate asset-backed securities
Fed proposes high frequency method to calculate equity returns
Federal Reserve study finds new method of measuring equity returns using high frequency data reduces forecasting bias
Australia's Debelle on risk and uncertainty
Reserve Bank of Australia assistant governor Guy Debelle says investors did not understand difference between risk and uncertainty before the crisis
UK FSA revisits trading regulation in comprehensive review
Financial Services Authority identifies valuation, capital framework coherence and risk management as key problem areas; issues 15 recommendations to revitalise standards
RBI: slow growth could help anchor inflation
Reserve Bank of India’s August Bulletin says slower growth could help address inflationary pressures
RBI moots new bank licences to increase competition
Reserve Bank of India says it may issue new bank licences; higher capital requirements are expected
IMF links historical house prices to default loss
IMF study finds strong link between historical house prices and loss in event of default
CEPR: Central banks stuck in interest rate trap
Centre for Economic Policy Research study says central banks will inevitably end up in a low interest rate trap during a crisis
IMF on Peru’s de-dollarisation experiment
IMF uses Peruvian experience in last decade to show benefits of de-dollarisation policies
ECB identifies dark side of wholesale funding
European Central Bank study finds that despite benefits of wholesale funding, liquidity scares can cause instability to banks that are uninformed of potential risks
Central bank auctions reveal banks' liquidity risks
BIS study says aggressive bidding in central bank auctions good indication of liquidity risks at banks
UK FSA reorganisation happening quickly, says head of risk
The break-up of the UK Financial Services Authority is beginning to take shape, says the regulator's head of risk management
Crisis shed light on corporate governance challenges: Bank’s head of risk
Bank's chief of risk oversight Steve Miller says questions have emerged on corporate governance issues, ranging from accountability of bank boards, to directors’ understanding of their products
PNG’s Popoitai: inflation could get out of hand
Papua New Guinea central bank deputy governor Benny Popoitai says inflationary pressures are rising from escalation in capital inflows
BIS: Crisis response lacks rigour compared to Nordic countries in 90s
Bank for International Settlements study into the recent financial crisis says policy response may slowdown recovery
Fed calls on banks to step up pay reform
A Federal Reserve review on executive compensation says firms need a more comprehensive review of risks relating to misaligned pay incentives
Sovereign bonds lost safe haven status in crisis: Bundesbank
Bundesbank study on sovereign bond spreads finds marked change in perceived risk of holding government debt following the bailout of Bear Stearns
ECB's Bini Smaghi says executive pay inefficient
European Central Bank executive board member Lorenzo Bini Smaghi says executive salaries don't reflect performance, calling for broader international solution
Financial Services Authority - Annual Report (2009/10)
UK Financial Services Authority's annual report discusses the regulator's transformation since the financial crisis
Bernanke supports greater macroprudential focus in regulation
Federal Reserve chairman Ben Bernanke says reform must focus on macroprudential financial regulation in line with Squam Lake report
Ireland's Honohan outlines central bank's failures
Irish central bank governor Patrick Honohan cites failures in bank management for poor response to crisis in central bank review
US must clarify degree of Basel III implementation: Bini Smaghi
ECB executive board member Lorenzo Bini Smaghi says US needs to clarify its implementation of Basel III proposals