G30 warns many banks are still lagging behind
Financial leaders urge supervisors to assess the culture of banks
Jean-Claude Trichet unveils a new covered bond purchase scheme; ECB governing council also agreed to hold interest rates and support Jörg Asmussen for governing council post
Bank of England governor will chair the Basel Committee's oversight body. The committee itself will be chaired by Stefan Ingves, governor of Sweden's central bank
Europe's new systemic risk watchdog could clash with the ECB - but the ESRB's powers may need to be expanded, says Belgian finance minister, Didier Reynders
Tightening of peripheral CDS continues for third day after Trichet announcement
The cost of insuring against a default of peripheral European states continued to fall today, after peaking at record highs on Tuesday.
Peripheral CDS tighten as Trichet raises hopes of more bond purchases
Past experience suggests the new financial stability bodies should direct regulatory policies, not just warn about instability
The Basel Committee’s oversight body has met to discuss key measures to strengthen banking regulation
European Central Bank president Jean-Claude Trichet backed a central counterparty (CCP) for clearing credit default swap (CDS) trades in the eurozone today, in a speech that also called for banker compensation to be linked to avoiding excessive leverage.
Today's news that the US Treasury and other regulators may compel US banks to raise capital levels puts them even more at odds with UK and European overseers, who have downplayed the need for more capital in recent weeks.
Daily news headlines
Daily news headlines
The president of the European Central Bank, Jean-Claude Trichet, has blamed the summer's crisis on opaque financing models and mistakes by rating agencies, and has called for an overhaul of financial regulation.
Jean-Claude Trichet, president of the European Central Bank (ECB), told markets today that the worst of the volatility caused by the US subprime mortgage crisis is now over.
Trichet outlines risks in hedge, LBO and credit risk transfer
Jean-Claude Trichet, governor of the Bank of France, said transparency is essential to prevent a “herd mentality” in the financial market that can create artificial swings in market prices. During a keynote address at the Professional Risk Managers’…
Jean-Claude Trichet, governor of the Bank of France, said transparency is essential to prevent a "herd mentality" in the financial market that can create artificial swings in market prices.
Jean-Claude Trichet's trial is not an insurmountable obstacle to his accession to ECB presidency. But while the outcome is uncertain, French officials must come up with a back-up candidate, says Stephen Sandelius, Paris correspondent for Market News…
Jean-Claude Trichet, governor of the Banque de France, and the most likely successor to Wim Duisenberg as president of the European Central Bank (ECB), will make the keynote address at the Professional Risk Managers’ International Association's (Prmia)…
BASEL - The Bank for International Settlements (BIS), the so-called central bankers' central bank, said in September it had set up a committee to help find a replacement for BIS general manager Andrew Crockett who leaves the bank at the end of March next…