Financial Regulatory Forum

Bank bonus windfall tax won’t dampen risk-ECB Weber

December 9, 2009

    FRANKFURT, Dec 9 (Reuters) – A windfall tax on bankers’ bonuses, as is now being discussed in the UK, would not be effective in encouraging less risky behaviour among banks in the long term, ECB Governing Council member Axel Weber said. (more…)

ECB’s Trichet: Europe needs to improve legal tools

December 7, 2009
Trichet: need better tools

Trichet: need better tools

    PARIS, Dec 7 (Reuters) – Europe needs new tools to ensure authorities can intervene effectively in the case of the failure of a systemically important financial institution, European Central Bank President Jean-Claude Trichet said on Monday. (more…)

ECB’s Weber: policymakers must not miss time for exit

November 16, 2009

German Bundesbank President Axel Weber exists his limousine as he arrives for a finance meeting with Finance Ministers of Germany's federal states in Berlin, April 27, 2009. Finance Minister Peer Steinbrueck met state leaders on Monday to take soundings on the state controlled Landesbanks' situation and discuss their future.   REUTERS/Fabrizio Bensch (GERMANY BUSINESS POLITICS)    FRANKFURT, Nov 15 (Reuters) – Missing the right moment for the exit from extraordinary policy steps to combat the financial crisis carries the risk of creating new turbulence, European Central Bank Governing Council member Axel Weber said on Monday.

ECB’s Tumpel-Gugerell says economy past worst

November 12, 2009

Gertrude Tumpel-Gugerell, member of the Executive Board of the European Central Bank,(AUSTRIA)   ROME, Nov 12 (Reuters) – The worst of the global recession is over with signs mounting of a slight pick-up in activity, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said on Thursday.

ECB’s Orphanides: cenbanks need bigger reg role

September 25, 2009

ECB Governing Council member and Cyprus Central Bank Governor Athanasios Orphanides speaks in an interview with Reuters in Nicosia June 23, 2008. Picture taken June 23, 2008.  REUTERS/Andreas Manolis (CYPRUS)   By Ros Krasny
   CHICAGO, Sept 25 (Reuters) – Reforms that come out of the recent financial crisis should include enhancing the role of central banks in supervising financial firms, a top European Central Bank policy-maker said on Friday. (more…)

ECB’s Noyer-world economy recovering faster than seen

September 9, 2009

FRANCE/   PARIS, Sept 9 (Reuters) – The world economy is improving at a much faster pace than forecast but government and central bank stimulus must stay in place, European Central Bank Governing Council member Christian Noyer said on Wednesday. (more…)

BIS-New bank rules help avoid booms, busts-Trichet

September 7, 2009

ECB-RATES/    BASEL, Sept 7 (Reuters) – New global rules for bank oversight should help ease boom-and-bust cycles and prevent the build-up of asset bubbles, top central bankers said on Monday. (more…)

ECB’s Noyer says leverage ratio makes no sense

September 2, 2009

FRANCE/   By Helen Popper
   BUENOS AIRES, Sept 1 (Reuters) – The idea of a simple leverage ratio to help anticipate financial crises is unlikely to work, European Central Bank governing council member Christian Noyer said on Tuesday.

ECB calls for more transparency on credit derivatives

August 28, 2009

FRANKFURT, Aug 28 (Reuters) – More disclosure and transparency in credit derivatives is needed to allow better risk management in a market that amounted to over $41 trillion in December 2008, the European Central Bank said on Friday.