Federal Reserve
FOMC pledges to maintain scale of asset purchases
Federal Reserve fails to announce additional quantitative easing but pledges to keep size of purchases at current levels; calls for more easing spurred by weak jobs data
Bear bailout vehicle turns first paper profit
Federal Reserve balance sheet data shows Bear Stearns’ assets held in Maiden Lane vehicle made a paper profit for first time since its inception
Banker bonuses cut by EU amendments to CRD...
...and US issues supervisory guidance
FOMC faces tricky task in avoiding another bubble
FOMC officials’ pessimism about conditions highlights challenge central bank faces in fulfilling its dual mandate
'Basel II was a big mistake': Larry Meyer exclusive interview
The former Fed governor, now vice-chairman of Macroeconomic Advisers, talks to Credit about the US central bank’s handling of the financial crisis, and gives his views on where US monetary policy is heading.
We must accept central banks’ limitations, says Fed’s Plosser
Philadelphia Federal Reserve president warns mistaken view of central banks as omnipotent risks damaging their credibility
Dodd-Frank: Abolition of OTS will boost OCC
OTS and OCC light-touch supervision grew bank assessment fees but fed institutional collapses
Are the CFTC, SEC and Fed equipped for their new powers?
Despite a last-minute hitch, the final text of ambitious financial regulatory reform legislation was agreed last month, which would hand supervisors sweeping new powers over financial institutions. But are regulators equipped for their new…
Hawkish BIS warns on dangers of ultra-low rates
Bank for International Settlements says degree of slack likely to be smaller than suggested by output gap models
Central banks’ holdings of US agency debt rise on dollar demand
Fed data show official-sector holdings of US agency securities rose for a 12th straight week; auction for seven-year US Treasury bills displayed growing demand for dollar denominated assets
FDIC plans to continue proposals linking pay structures to banks’ deposit insurance
The Federal Deposit Insurance Corp says its plan to link banks’ compensation arrangements with premiums is “complementary” to supervisory guidance issued jointly by regulators
US regulatory guidance for compensation structures snubs FDIC proposal
Final pay guidance from US regulators shows no trace of Federal Deposit Insurance Corporation’s (FDIC) proposal for higher premiums for banks with risky compensation structures
Swap lines better than foreign reserves during crises, research finds
Reciprocal currency swap agreements between central banks bolstered market stability in Korea during the crisis in 2007 and 2008
S&P creates taxable municipal bond index; talks structured products and ETFs
Standard and Poor's Taxable Municipal Bond Index offers exposure to a market that has grown substantially since the beginning of 2009.
Where there’s a will…
Living wills have quickly emerged as a new measure to ensure banks are better prepared for the next crisis. But clear definitions of exactly what information they should contain and how they should be drawn are lacking
Bernanke rules out repeat of Scap stress tests
Last year's Scap stress tests for US banks were a one-off, the Fed chairman said today.
US lending landscape still bleak, Fed finds
Credit supply and demand are both still shrinking, though there are signs of a recovery among larger banks and companies.
Action reactions
At OpRisk USA 2010 participants discussed how they can deal with increasing waves of regulation and add value in the new financial environment.
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
US regulators release inter-agency liquidity risk guidance
Inter-agency funding guidance from US federal banking agencies seeks to learn lessons from the liquidity crisis.
Repo taskforce targets operational issues
The New York Federal Reserve is to reveal its aims for reducing risk in the tri-party repo market this month.