Systemic risk
Too big to fail, too big to reform
Robert Pringle and Hugh Sandeman ask is this the damning verdict of the latest batch of books on the financial crisis?
Britain’s banking commission must be bold
Britain’s banking commission must be bold
Rethinking reserve management
The crisis demands a rethink on both the size and composition of central banks’ reserves, argues Ludek Niedermayer.
Interview: Andrew Haldane
The executive director for financial stability at the Bank of England talks to Robert Pringle about lessons from the crisis, the macroprudential toolkit, links between monetary policy and financial stability, and whether the banking industry needs to be…
Wellink: OTC markets still need good risk management systems
Basel Committee chairman Nout Wellink warns central clearing house not a silver bullet for over-the-counter derivatives markets
Trichet: Reforms must keep an eye on financial markets
ECB president Jean-Claude Trichet outlines four main areas of reform in the financial sector where there is further room for improvements
US lawmakers seal deal on reform bill
Members of the House of Representatives and Senate conclude the conference process; text includes part of the Volcker rule, surprise bank levy, and stronger-than-expected Fed audit clause
Philly Fed: freedom of databases may improve market oversight
Philadelphia Federal Reserve study on macro-micro databases shows that had information been made readily available, the crisis may have been less pronounced
BIS’s Caruana warns macroprudential policies may have unintended consequences
Bank for International Settlements general manager Jaime Caruana says macroprudential policies alone do not guarantee protection from systemic risks
National Bank of Belgium - Financial Stability Review (2010)
National Bank of Belgium's financial stability review outlines shortcomings of government law passed on banking recovery measures
UK Banking Commission proposes adoption of Volcker Rule
Report on banking reform proposes that modified version of Volcker rule be adopted
Cyprus’s Orphanides calls for more attention to macroprudential regulation
Central Bank of Cyprus study into lessons from crisis says greater need for both micro and macroprudential regulation
Richmond Fed – Annual Report 2009
Richmond Federal Reserve study on systemic risk finds that policy interventions may harm market incentives if implemented during a crisis
Norges Bank: Financial Stability Report
Norges Bank’s bi-annual Financial Stability Report shows a positive outlook for the Norwegian economy despite instability in Europe
Capital ratio hikes 'not appropriate' for South Africa
South African Reserve Bank says lenders already hold more than necessary and further hikes will only hit profits; deputy governor Guma flags work on macroprudential framework
CEPR: small banks pay big premium during credit crunch
Centre of Economic Policy Research study into bank lending finds small firms’ access to liquidity is affected more than larger firms by adverse credit conditions
Caruana: integration essential to global framework
Bank for International Settlements general manager Jamie Caruana draws on importance of financial integration in forming new global framework for financial system
Fed's Tarullo sceptical over contingent capital
Federal Reserve's Daniel Tarullo highlights drawbacks of contingent capital forming part of new regulatory framework
Bair: FDIC-style bailout needed for very large banks
Chairwoman of the FDIC Sheila Bair outlines resolution regime for the biggest firms
Greenspan deflects blame during heated testimony
Former Federal Reserve chairman Alan Greenspan defends record but accepts some criticism
IMF: Bolivia foreign reserves adequate
Research charts developments since 2005
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
Central banks should oversee systemic risk
CentralBanking.com poll shows majority of respondents think central banks together with government bodies should be responsible for monitoring systemic risk
Bernanke: too-big-to-fail problem “unconscionable”
Fed chairman Ben Bernanke calls for a revision of regulation on firms, which are “too big to fail”