The Financial Regulation Forum
Banking
Competition, the pressure for returns, and stability
Speech by Paul Tucker, Deputy Governor Financial Stability, Member of the Monetary Policy Committee and Member of the Financial Policy Committee, at the British Bankers’ Association Annual Banking Conference, London, October 2012. Paul Tucker considers the factors driving excessive risk-taking in the financial system leading up the crisis, and outlines some of the key aspects [...]
European Commission Sets Tentative Date to Propose New Bank Regulations
The European Commission on Friday set a date of Sept. 11 to announce proposals to overhaul banking regulation in Europe, a crucial step in shoring up the euro zone against future crises. A new Pan-European regulatory system must be established before countries that use the euro can tap bailout funds to recapitalize their banks without [...]
Global banking scandals
A number of scandals have engulfed the global financial system, and several international banks are under investigation by regulators in several countries. They are alleged to have committed offences ranging from fixing interbank lending rates to complicity in money-laundering. In this guide, we explain who is accused of what by whom. LIBOR manipulation. Sanctions breaking. [...]
Libor, Naked and Exposed
By GARY GENSLER* Americans who save for the future, use credit cards or borrow money for tuition, cars and homes deserve assurance that the interest rates on their savings and loans are set in a reliable and honest way. That’s why the revelation that the British bank Barclays attempted to manipulate the London interbank offered [...]
Government sets out plans to reform the structure of banking in the UK
The Government is today publishing its response to the report by the Independent Commission on Banking (ICB), which sets out plans to fundamentally reform the structure of banking in the UK. This response agrees with the ICB’s recommendations and outlines how the Government will legislate to create a stable banking sector that supports lending to [...]
UK FSA: The failure of the Royal Bank of Scotland
The Financial Services Authority (FSA) has published its Board’s Report into ‘The failure of the Royal Bank of Scotland’ (RBS). The Report concludes that RBS’s failure amid the systemic crisis ultimately resulted from poor decisions made by the RBS management and Board. But deficiencies in the global capital regime and liquidity regulations made the crisis [...]
Banking crises and recessions: what can leading indicators tell us?
By Matthew Corder and Martin Weale. Summary. Policymakers need to be aware of the risk of extreme events such as recessions and banking crises. Given the future is uncertain, monetary policy makers need to consider the full range of risks around their forecasts when considering policy, including the probability of recession. Financial stability policy makers [...]
Banking reforms: Ring-fence structure
Britain’s experiment with a new sort of bank regulation is sensible—and useful for the wider world. Like them or not, many of the most influential financial innovations of the past few decades have come from Britain: the euro-dollar market, the Private Finance Initiative and “light touch” regulation of financial firms. London cannot claim credit for [...]
The Independent Commission on Banking: Final Report
The Independent Commission on Banking has been asked to consider structural and related non-structural reforms to the UK banking sector to promote financial stability and competition. Banks given until 2019 to finalise implemention of recommendations. Executive summary. This Final Report sets out the Commission’s recommendations on reforms to improve stability and competition in UK banking. [...]
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