Regulatory Design

The Global Financial Crisis has demonstrated the limits of debates over privileging rules over principles or vica-versa. Effective regulatory design necessitates a pro-active interaction between rules, principles and social norms in order to determine that stated values actually inform practice. This series examines the impact of the GFC on regulatory design.

Basel Committee on Banking Supervision Releases Report on Range of Methodologies for Risk and Performance Alignment of Remuneration

This Report was prepared in response to the Financial Stability Board's recommendation that the Basel Committee on Banking Supervision should develop a report on the range of methodologies for risk and performance alignment of compensation schedules and their effectiveness in light of experienc

Originally Published:

Thursday, May 12, 2011

European Commission Publishes Proposals For Capital Requirements Directive IV Package

The European Commission has published its proposals for the Capital Requirements Directive IV package which fundamentally overhauls the substantive prudential rules applicable to institutions.

Originally Published:

Wednesday, July 20, 2011

Financial Stability Board Publishes Thematic Review on Deposit Insurance Systems

The Financial Stability Board has published a Peer Review Report on deposit insurance schemes which points to the trade-off between financial stability and market discipline, and warns about the dangers of moral hazard.

Originally Published:

Thursday, February 9, 2012

Financial Services Authority Speech on Implementing the ‘Twin Peaks’ Model

Hector Sants, the Chief Executive of the Financial Services Authority has outlined his vision of the “new world” of regulation in a recent speech.

Originally Published:

Monday, February 6, 2012

Geneva Association Reports on Insurance and Resolution in Light of the Systemic Risk Debate

This new report from the Geneva Association looks at the relationship between insurance wind-downs and systemic risk, concluding that frameworks for dealing with such risks in banking would be a poor guide to necessary changes in insurance.

Originally Published:

Monday, February 6, 2012

Financial Services Authority Publishes 2011 Consumer Awareness Survey

The UK’s Financial Services Authority has published its 2011 Consumer Awareness survey, an annual report in operation since 2003.

Originally Published:

Friday, February 3, 2012

US Treasury Secretary Warns on Potential for “Undue Damage” of New Rules

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.”

Originally Published:

Friday, February 3, 2012

Financial Services Authority Supports MiFID II Proposals While Raising Concerns

The Financial Services Authority has supported a number of the initiatives contained in the European Commission’s MiFID II proposals, while highlighting a number of issues which the FSA considers to be problematic.

Originally Published:

Tuesday, January 31, 2012

UK Treasury Publishes Financial Services Bill

The UK Government has published its Financial Services Bill, which overhauls the structure of financial regulation in the UK.

Originally Published:

Friday, January 27, 2012

Bank of England Encourages Cross-country Co-operation on Macro-prudential Policies

A new working paper from the Bank of England has examined the effects of changes in capital requirements as a macro-prudential tool for smoothing the credit cycle.

Originally Published:

Friday, January 27, 2012

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Regulatory Design

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