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Archive for 2011

Why the City of London is European

Why the City of London is European: David Cameron must persuade the French and other EU members that London’s financial centre is their asset too. Next month’s Franco-British collôque will provide much-needed group therapy for a relationship in crisis. The easy part will be where UK delegates reiterate their commitment to an open and competitive [...]

ESRB: Introductory statement to the press

European Systemic Risk Board (ESRB): Introductory statement to the press conference. Mervyn King, Vice Chair of the ESRB and Andrea Enria, Vice Chair of the ESRB, Frankfurt am Main,22 December 2011. The General Board of the European Systemic Risk Board (ESRB)* held its fourth regular meeting today. The current situation. In September, the ESRB characterised [...]

Fed proposes steps to strengthen regulation and supervision of large banks

The US Federal Reserve Board on Tuesday proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms. The proposal, which includes a wide range of measures addressing issues such as capital, liquidity, credit exposure, stress testing, risk management, and early remediation requirements, is mandated by the Dodd-Frank [...]

BoE Instruments of Macroprudential Policy

Bank of England, Instruments of Macroprudential Policy – Discussion Paper. In a discussion paper published, Bank of England and Financial Services Authority staff provide a detailed analysis of a range of macroprudential tools that the Financial Policy Committee (FPC) discussed at its September meeting. The Committee is seeking feedback on this analysis. The proposed powers [...]

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 [...]

ECB Financial stability review

European Central Bank (ECB) Financial stability review – December 2011. Risks to euro area financial stability increased considerably in the second half of 2011, as the sovereign risk crisis and its interplay with the banking sector worsened in an environment of weakening macroeconomic growth prospects. Indeed, several key risks identified in the June 2011 Financial [...]

E-learning interactive graphic: Basel III

International regulatory framework for banks (Basel III). What is Basel III? Around the world, central bankers, regulators and governments have responded to the financial crisis with new regulation and legislation. The cornerstone of this global initiative to contain risk is Basel III – sweeping new regulatory standards for banks on capital adequacy and liquidity. Basel [...]

FSA puts common sense at the heart of mortgage lending

The Financial Services Authority (FSA) today announced plans to prevent a return of the risky mortgage lending seen in boom times, by ensuring that common sense standards continue to apply in future. The Mortgage Market Review aims to prevent a recurrence of the irresponsible lending which resulted in some borrowers taking on mortgages which only [...]

PWC: Capital markets in 2025

Capital markets in 2025: The future of equity capital markets. Is the focus of capital markets finance moving eastward? Will emerging market exchanges have the sophistication and infrastructure to challenge the IPO services offered by incumbent exchanges in the West? Where will the companies looking to list come from? What are the drivers behind the [...]

Reform of the International Monetary and Financial System

Bank of England Paper: Reform of the International Monetary and Financial System. By Oliver Bush, Katie Farrant and Michelle Wright The financial crisis has imposed large costs on the global economy and revealed deficiencies in policy frameworks around the world. While the ongoing reforms to financial regulation aim to make the financial system more resilient, [...]

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