ICFR Weekly - 8 February 2012

Regulatory News  

ECB Bank Survey Points to Continued Credit Squeeze. Analysis by Richard Reid - 1 February 2012 
The ECB’s survey of bank lending for the last quarter of 2011 confirms a significant tightening in credit standards and suggests that credit growth will remain elusive for some time yet...  Read more

EBA to Focus on Consumer Protection and Financial Innovation Risks - 2 February 2012  
The European Banking Authority (EBA) has announced a programme, mandated by its founding regulation, to conduct national surveys of key issues relating to consumer protection, as well as potential harm arising from financial innovation...  Read more

Goodhart Questions Utility of Central Banks Forecasting - 2 February 2012  
“Neither central bankers, nor anyone else, have a good way of predicting future fluctuations in either output, inflation or interest rates more than a few quarters ahead”...  Read more

ESMA Publishes Centralised Credit Rating Agency Performance Statistics - 2 February 2012   
The European Securities and Markets Authority (ESMA) has published a central repository (CEREP) of rating statistics and the historical performance of credit rating agencies...  Read more

EIOPA Chairman Concerned Over Solvency II Delays - 3 February 2012  
The Chairman of Europe’s insurance supervisory body, the European Insurance and Occupational Pensions Authority (EIOPA), has written to the European Commission to express “concern on the current developments of the Solvency II project”...  Read more

US Treasury Secretary Warns on Potential for “Undue Damage” of New Rules - 3 February 2012  
In a speech discussing the state of US financial reform, Timothy Geithner, the US Treasury Secretary, has stated that bank supervisors  must be careful “not to overdo it with actions that cause undue damage to the availability of credit or liquidity to markets"...  Read more

FSA Publishes 2011 Consumer Awareness Survey - 3 February 2012  
The UK’s Financial Services Authority (FSA) has published its 2011 Consumer Awareness survey, an annual report in operation since 2003...  Read more

Geneva Association Argues Insurance Wind-Downs Not Systemically Risky - 6 February 2012  
As international financial regulators weigh options for extending the regulatory perimeter, the insurance industry has been keen to emphasise its view that insurance firms do not pose systemic risks to the financial system...  Read more


First Meeting of FSB’s Sub-Saharan African Regional Consultative Group - 6 February 2012   
As part of the Financial Stability Board’s (FSB) ongoing programme to engage with groups beyond its membership, the FSB Regional Consultative Group (RCG) for Sub-Saharan Africa (SSA) has held its first meeting in Pretoria, South Africa...  Read more

FSA Outlines “New World” of Judgment-Based Regulation - 6 February 2012  
As the UK moves towards implementing its new “twin peaks” model of supervision, Hector Sants, the Chief Executive of the Financial Services Authority (FSA) has outlined his vision of the “new world” of regulation...  Read more

Key Dates      

Announcement of the ICFR - Financial Times Research Prize 2011 Winner - 10 February 2012  
Please visit our website on Friday to download the winning paper, as well as runners-up and other highly commended entries.
 

Other Regulatory Updates  

The Optimal Relationship between the Regulator and the Regulated - 25 April 2012   
 Click here to view the conference's details and to download the agenda  


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