Bank of England Quarterly Bulletin 2013 Q2. Contents of Quarterly Bulletin 2013 Q2 Each article is available as a separate pdf file; click on the appropriate title to access the relevant file. Alternatively you may download the complete issue. Complete issue (3.17MB) Topical articles Research work published by the Bank is intended to contribute to [...]
10 Jun. ESMA and the EBA publish final principles on benchmarks. The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have published their final report setting out their Principles for Benchmark-Setting Processes in the EU. The Principles are designed to address the problems identified with benchmark-setting processes and will provide benchmark [...]
04 Jun. The Transaction-Tax Climbdown. Europe discovers the costs of its latest financial levy. European governments are figuring out that taxing financial transactions won’t be a magical money machine and that the proposed levy might even damage the European economy. Reuters first reported Thursday that EU officials are scaling back a transaction tax proposal supported [...]
The Economist – The Good Bank. The Good Bank is a unique project organised by the Economist Intelligence Unit (EIU) to examine how banking can better serve the needs of society. It will bring together experts to discuss and share ideas on what makes for a Good Bank and to participate in a conversation about [...]
29 May. ECB Financial Stability Review May 2013. Stress in the euro area financial sector has fallen from previous peaks. Several indicators suggest that euro area systemic stress is at its lowest point in two years. ECB policies have been a key factor underpinning this decline in stress. To consolidate this recent progress, further fundamental [...]
27 May. Banks’ Lobbyists Help in Drafting Financial Bills. By ERIC LIPTON and BEN PROTESS WASHINGTON — Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations . Instead, the lobbyists are helping to write it themselves. One bill that sailed through the House Financial Services Committee this month — [...]
21 May. By THE EDITORIAL BOARD. New rules to regulate derivatives , adopted last week by the Commodity Futures Trading Commission, are a victory for Wall Street and a setback for financial reform. They may also signal worse things to come. The regulations, required under the Dodd-Frank reform law, are intended to impose transparency and [...]
Speech by Mr Daniel K Tarullo, Member of the Board of Governors of the Federal Reserve System, at the Peterson Institute for International Economics, Washington DC, May 2013. More than five years after the failure of Bear Stearns marked an escalation of the financial crisis, and nearly three years since the passage of the Dodd-Frank [...]
Her Majesty the Queen has been pleased to approve the appointment of Mark Carney as Governor of the Bank of England from 1 July 2013. He will succeed Sir Mervyn King. Welcoming the appointment, the Governor, Sir Mervyn King, said: I am delighted to welcome Mark Carney as my successor. He represents a new generation [...]