Jaime Caruana says low interest rates have created a ‘first-mover disadvantage’ that prevents rates rising and could fuel financial instability
Urgent fiscal reform and genuine efforts to create a banking union in Europe are vital to breaking the viscous linkage between banking and sovereign stress, says BIS
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Narrow banking or splitting up the trading activities of banks as advocated by Paul Volcker, the former Federal Reserve chairman and current adviser to US President Barack Obama, would not help prevent future crises and could create additional burdens...
Risk management needs to take a deeper and longer view to overcome some of the weaknesses seen during the financial crisis, Jaime Caruana, general manager at the Bank for International Settlements (BIS), said at a symposium to mark the 50th anniversary...
Two senior equity derivatives heads and one equity derivatives trader have left Deutsche Bank after it reported EUR386 million in losses on its equity proprietary trading book in its third-quarter results. Richard Carson, Deutsche's London-based global...
Jaime Caruana, the current chairman of the Basel Committee on Banking Supervision (BCBS) and the governor of the Bank of Spain, has been appointed by the International Monetary Fund (IMF) as counsellor and director of the new financial, capital and regulatory...
The Group of 10 (G10) central bank governors and heads of banking supervision have appointed Nout Wellink, president of the Netherlands Bank, as the new chairman of the Basel Committee on Banking Supervision.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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