Banco de Espana

Provisioning for the future

A growing number of regulators have highlighted dynamic provisioning as a means of lessening pro-cyclicality in the financial system. José Mar√≠a Rold√°n, director-general of banking regulation at the Banco de Espa√±a and chair of the Standards…

Basel implementation chief: no need for Basel III

Modifications being made to Basel II are sufficient to tackle the flaws in the framework and "we are certainly not going in the direction of Basel III", according to the chair of the standards implementation group of the Basel Committee on Banking…

Caruana to join IMF

Jaime Caruana, chairman of the Basel Committee and head of the Bank of Spain until July 1, is to head a new department covering financial, capital market and monetary affairs at the International Monetary Fund (IMF) in Washington. The appointment begins…

The poet of risk regulation

Jaime Caruana has been seeking harmony in his role as chairman of the Basel Committee on Banking Supervision. Now that the final text of the new Basel Accord has finally been released, Caruana can comment on the work he has done – and give his views on…

FSA director to chair Joint Forum

UK financial regulator the Financial Services Authority’s director of markets, Gay Huey Evans, will take over the chairmanship of the Joint Forum in January. She succeeds José María Roldán, general director of financial regulation at the Bank of Spain,…

Sponsor's article > Don't count on buffers

One possible mitigator of the pro-cyclical impact of risk-sensitive capital requirements would be counter-cyclical changes in capital buffers. Empirical evidence on this issue is scarce and a new regulatory capital regime could well induce a behavioural…

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