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

The European Securities and Markets Authority has suggested that European Commission proposals for reforming credit rating agencies may have a detrimental effect on the quality of the rating process and the reliability of ratings themselves.

The International Monetary Fund has argued in a new working paper that credit rating agencies do not just lag the market, but actually influence the market.

The Bank for International Settlements has argued that macroeconomic stress tests which assess the financial system as a whole are ill-suited as early warning devices.

The Bank for International Settlements has released a collection of 10 papers from a conference held in November 2011 on the relationship between financial regulation and growth, equity and stability.

The European Central Bank argues that despite an objective of hedging being to share risk, the effect can in fact be an increase in risk-taking, as negative news about the hedge creates an incentive problem for the seller.

This discussion paper from the Bank of England sets out the regulatory tools which it believes the Financial Policy Committee will need to perform macro-prudential supervision effectively.