Financial Regulatory Forum

  By Krista Hughes and Mark Felsenthal
   FRANKFURT/WASHINGTON, April 26 (Reuters) – Major central banks are taking on a new role of finance police in the wake of the global financial crisis but they could find their hands more tied as a result. (more…)

MILAN, Jan 29 (Reuters) – The support measures put in place by governments and central banks to help the banking system are becoming less necessary and their withdrawal must be timely, a top European Central Bank policymaker said on Friday.

In a speech on bank lending, Executive Board member Lorenzo Bini Smaghi also said banks were interpreting a global regulatory overhaul in ways that restricted lending, and that he was worried about criticism in the United States of the Federal Reserve.

“It is crucial to prevent the banking system making prolonged use of support measures, developing a sort of ‘dependence’,” he said, and added a premature withdrawal of support could sharply reduce financial gearing putting economic recovery at risk.

By Kristina Cooke and Marc Jones

NEW YORK/FRANKFURT, Jan 27 (Reuters) – Major central banks on Wednesday said they will stop the emergency U.S. dollar lending introduced during the financial crisis, a significant milestone indicating growing confidence that the financial system is returning to health.

The decision, announced in coordinated statements, marked the first unified retraction of central banks’ extraordinary support for financial markets.

The European Central Bank, the Bank of England, the Bank of Japan and the Swiss National Bank, as well as the central banks of Canada, Australia, New Zealand, Mexico, Brazil and Sweden said they will let their dollar “swap” arrangements with the U.S. Federal Reserve expire on Feb. 1.

PARIS, Sept 15 (Reuters) – Central bankers are working on a system to ensure they coordinate exit strategies to avoid any untoward consequences of removing stimulus at different times, a Financial Stability Board official said on Tuesday.

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    TORONTO, Aug 22 (Reuters) – Central banks may have to find new ways to steer monetary policy and prevent new crises, perhaps changing the ways they look at price levels, the head of the Bank of Canada said on Saturday.
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JACKSON HOLE, Wyo., Aug 21 (Reuters) – Central banks should consider making some of their existing emergency liquidity programs permanent to minimize the stigma of accessing central bank credit, a top Federal Reserve board staffer said on Friday.
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ZURICH, July 24 (Reuters) – Nine central banks — including those from China and India — have joined the Committee on Payment and Settlement Systems (CPSS), the Bank for International Settlements said on Friday.

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