ICFR Weekly - 21 December 2011

Regulatory News   

Bank of England Proposes Macro-Prudential Directive Powers - 20 December 2011
As policymakers and central banks continue their work on developing and adopting system-wide perspectives, there are many questions outstanding over the appropriate shape of macro-prudential supervision... Read more

Basel Committee Consults on Bank Supervision Core Principles - 20 December 2011
The Basel Committee on Banking Supervision (BCBS) has revised its 2006 Core Principles for Effective Banking Supervision, and has merged the document with its Core Principles Methodology... Read more

UK Government Publishes Response to Vickers - 19 December 2011
The UK Treasury has published its response to the recommendations of the Independent Commission on Banking. It will introduce the ring-fence, with large ring-fenced banks to hold at least 10 percent equity capital... Read more

ECB Warns of “Broad-Based Worsening” of Financial Stability Risks - 19 December 2011
The European Central Bank’s 2011 biannual Financial Stability Review provides a stark assessment of the risks to financial stability which have emerged since June 2011, pointing in particular to an “unprecedented loss of confidence in sovereign signatures”... Read more

EIOPA Takes Stock of Financial Literacy Initiatives - 19 December 2011
The European Insurance and Occupational Pensions Authority (EIOPA) has published the results of an early “stock-taking exercise” of existing national initiatives for financial education and literacy, which will be updated periodically in conjunction with the other new European Supervisory Authorities (ESAs)... Read more

BIS Consults on Capital Disclosure and Conglomerate Supervision - 19 December 2011
The Joint Forum and the Basel Committee on Banking Supervision (BCBS) have launched two consultations, on principles for the supervision of financial conglomerates, and disclosures of the composition of regulatory capital, respectively... Read more

Basel Committee Updates Basel III FAQ - 16 December 2011
As part of its ongoing efforts to enable the consistent global implementation of Basel III, the Basel Committee on Banking Supervision (BCBS) has published a third round of answers on frequently asked questions about Basel III... Read more

OECD Weighs in on Capital Regulation vs. Growth - 16 December 2011
The debate over the impact of bank capital requirements on economic growth continues, with the publication of a new working paper from the OECD... Read more

 

Key Dates  

Volcker Rule: Prohibitions and Restrictions on Proprietary Trading - 13 January 2012
The Federal Reserve Board has published a consultation document regarding the section of the Dodd-Frank Act commonly referred to as the ‘Volcker Rule’... Read more

 

Other Regulatory Updates 

ICFR Responds to FSOC Dodd Frank Consultation - 20 December 2011  
The ICFR has submitted its comments on a proposed rule by the US Financial Stability Oversight Council (FSOC), which seeks to identify nonbanks to be subject to prudential rules and supervision by the Federal Reserve Board of Governors... Read more

First Workshop of the ICFR PhD Network at the Bank of England - 23 February 2012
The ICFR’s PhD Network aims to support and encourage innovative research on financial regulation through collaborative Network of PhD students, linking them to practitioners, policy makers and senior academics... Read more

 

We welcome your comments which will help ensure these updates are as useful to you as possible. To submit your feedback, please email audrey.cadostin@icffr.org