The Financial Regulator Vol.13.1 June 2008

An extended issue of The Financial Regulator, published on June 6, focuses on regulation in crisis and analyses the response so far. David Green, Avinash Persaud and Simon Morris look at what went wrong and assess the lessons that can be learnt from the UK experience in particular. Mark Plotkin dissects Henry Paulson’s radical blueprint for the future of US regulation, and Dirk Schoenmaker sees parallels with the “Twin Peaks” model pioneered in the Netherlands and explains why it is now increasingly in vogue. Thorvald Grung Moe looks at how Europe could implement prompt corrective action.

• Contents
• Regulation in crisis: what went wrong – Articles by David Green, Avinash Persaud and Simon Morris
• Paulson’s plan dissected – Articles by Mark Plotkin, Jeroen Kremers and Dirk Schoenmaker
• Time for prompt corrective action – Thorvald Grung Moe
• The humbling of Société Générale – Edward Wilding

The Financial Regulator Vol.12.4 March 2008

The latest issue of The Financial Regulator, published on March 17, takes a close look at the regulatory implications of the subprime crisis. This special edition contains an exclusive interview with Jochen Sanio, president of Bafin, Germany's regulatory agency who says authorities must tackle the "toxic waste" - subprime mortgages wrapped into securitisation packages - flooding the international financial system. Articles by Michael Foot, Michael Taylor and Peter Hahn look at regulation post-Northern Rock and other recent banking crises and make their proposals for change.

• Contents
• Picking up the pieces: regulatory priorities and the credit crunch – Michael Foot, Peter Han, Michael Taylor & hans Blommestein
• DubInterview with Bafin's Jochen Sanio – Klaus Engelen
• Wall Street and the City face-off – Vica Irani and Will Wesley
• Pan-European regulation – dream or inevitability – Arthur Docteurs van Leeuwen
  
  Read the full version of the article by Hans Blommestein here

The Financial Regulator Vol.12.3 December 2007

Published on December 7, the latest issue looks at the impact of the credit crunch and the Northern Rock crisis on global regulation, at what has gone wrong and what needs to be fixed. David Lascelles considers what effect the first run on a British bank since 1866 has had on the reputation of the City of London, famous for its light-touch regulation whilst Marco Onado looks at the Europe-wide ramifications of the crisis, and how regulators should prepare for the next one. This issue also contains an assessment by Andrew Shrimpton of the hedge fund industry’s proposals for self-regulation.

• Contents
• Subprime, the credit crunch and Northern Rock – special section
• Dubai Delivers – Justin Keay looks at the DFSA
• What next for Bafin? – Klaus Engelen
• The financial innovation conundrum – Jan Willem van den End

The Financial Regulator Vol.12.2 September 2007

Published on September 10, the ssue includes a special feature on US multilateralism, Kalus Englen reports on how Germany's Bafin is under fire, Hui Feng draws back the veil on China's emerging regulatory framework and Roger Ferguson offers three cheers for Solvency II.

• Contents
• The US rediscovers multilateralism: the Patriot Act and SOX - Articles by Kern Alexander and Tod Ackerley
• Bafin under fire - Klaus Engelen
• Italian regulation: progress at last - Marco Onado
• Broken China: fixinf a fragile framework - Hui Feng
• Three cheers for Solvency II - Roger Ferguson

The Financial Regulator Vol.12.1 June 2007

Published on 1 June, The Financial Regulator 12.1 features articles by David Lascelles and Justin Keay on the past performance and future promise of Britain's FSA. Clas Wihlborg analyses what the battle for ABN Amro will mena for European banking supervision and Michael Taylor and Marc Quintyn chart developments in regulatory independence.

• Contents
• Clash of the titans: the battle for ABN Amro – Clas Wihlborg
• Fear of freedom: regulatory independence – Michael Taylor and Marc Quintyn
• Britain's FSA: past performance & future promise – David Lascelles and Justin Keay
• The money laundering chimera – Nick Kochan

The Financial Regulator Vol.11.4 March 2007

Published on 6 March, The Financial Regulator journal 11.4 features a reply from René Smits to David Lascelles. He explains why London can't go it alone. Gerard Caprio calls on regulators to educate, Keith Boyfield costs Europe's FSAP and Hamid Yunis and Hari Bhambra explore the key issues in regulating Islamic finance.

• Contents
• Why London can't go it alone? – René Smits
• The FSAP: overrated, oversold and over here – Keith Boyfield
• The great innumeracy epidemic – Gerard Caprio Jr
• Slovakia's regulatory example – Interview: Slavomir Stastny
• Regulating Islamic finance – Articles by Hamid Yunis and Hari Bhambra

The Financial Regulator Vol.11.3 December 2006

Published on 5 December, The Financial Regulator journal 11.3 includes an exclusive article by David Lascelles analysing whether Britain could opt-out of European financial regulation. Charles Calomiris explains why China has missed an opportunity to reform its banking sector and is heading for a crisis and Peter Nicholl looks at the lessons regualtors can learn from New Zealand's dramatic deregulation of the 1980s. Justin Keay talks with Maria Murgina about tackling corruption in Bulgaria's tax system and Andrew Fight shows are emerging markets are struggling with Basel II.

• Contents
• Could London go it alone? – David Lascelles
• MakiChina's missed opportunity – Charles Calomiris
• Learning from the Kiwis – Peter Nicholl
• Bulgaria's tax breakthrough – Interview: Maria Murgina
• Emerging markets grapple with Basel II – Andrew Fight

The Financial Regulator Vol.11.2 September 2006

Published on the 6 September, The Financial Regulator journal 11.2 features an exclusive article by Brian Quinn on lessons from BCCI. John Palmer explains how to make risk-based supervision work and Joshua Kurtzig decodes China ’s financial sector. There is an exclusive interview with Jane Diplock , chairman of IOSCO, and Heidi Schooner asks :what ’s wrong with having Wal-Bank ?

• Contents
• Lessons from BCCI – Brian Quinn
• Making risk-based supervision work –John Palmer
• A network solution to securities fraud – Jane Diplock
• Decoding China’s financial sector – Joshua Kurtzig
• Can Wal-Mart be a bank? – Heidi Schoone

The Financial Regulator Vol.11.1 June 2006

The June issue of The Financial Regulator journal, includes a special feature on European banking: David Llewellyn considers whether Europe’s banks are adopting Anglo-Saxon methods, Eva Srejber looks at whether the bill for a banking crisis can be split in advance, and Stewart Fleming reports on attempts to breakdown barriers to bank mergers. Martin Cihak and Richard Podpiera assess the performance of unified regulators and Tony Hawkins reports from Harare on Zimbabwe’s crisis.

• Contents
• Are Europe’s banks turning Anglo-Saxon? – David Llewellyn
• Unified regulation delivers - Martin Cihák and Richard Podpiera
• How to tackle compliance risk - Cécile Meys, Arnold Schilder and Constant Verkoren
• Zimbabwe’s crisis - Tony Hawkins
• Splitting the bill for bank failures - Eva Srejber

The Financial Regulator Vol.10.4 March 2006

The March issue of The Financial Regulator journal, includes an exclusive interview with Tommaso Padoa-Schioppa, which introduces a special feature on global accounting standards, with articles by Claudio Borio and Peter Walton. Timothy Lyman sets out how regulators must adapt to microfinance, Paulius Kuncinas reports on the battle for Ukraine's banks and Saadia Zahidi explores links between transparency and preventing financial crises.

• Contents
• Global accounting standards within reach -Tommaso Padoa-Schioppa
• Regulating Microfinance - Timothy Lyman
• Can transparency prevent crises? Saadia Zahidi
• Battle for Ukraine's banks - Paulius Kuncinas
• When supervisors and accountants clash - Claudio Borio
  

The Financial Regulator Vol.10.3 December 2005

The December issue of The Financial Regulator journal, features an exclusive article by Joseph Yam on how Hong Kong plans to implement Basel II. An interview with former chief regulator in Canada and Singapore, John Palmer, discusses how financial systems can be crisis-proofed, Bertrand Rime finds out if banks that are “too big to fail” get better credit ratings and David Clark explains why hedge funds need a new type of regulation.

• Contents
• Basel II in Hong Kong - Joseph Yam
• Can financial systems be crisis-proof? Interview John Palmer
• "Too big to fail" pays - Bertrand Rime
• Hedge fund regulation - David Clark
• Reining in Fannie and Freddie - Stephen Blumenthal
  

The Financial Regulator Vol.10.2 September 2005

The September issue of The Financial Regulator journal, features three articles on how to block terrorist funds by Professor Jimmy Gurulé, Peter Reuter and Edwin Truman, and John Moscow. Isabella Bufachi reports on the struggle to reform the Bank of Italy, Daniel Zuberbühler explains the Swiss plans for Basel II, and Jenny Tyobeka reports on initiatives to reach out to unbanked South Africans.

• Contents
• How to block terrorist funds - Jimmy Gurulé, Peter Reuter, Edwin Truman and John Moscow
• Bank of Italy under seige - Isabella Bufacchi
• Swiss Plans for Basel II - Daniel Zuberbühler
• Reaching South Africa's unbanked - Jenny Tyobek
• Can Nordea show Europe the way? Lawrence Goldberg, Richard Sweeney and Clas Wihlborg
  

The Financial Regulator Vol.10.1 June 2005

The June issue of The Financial Regulator journal features an article on how to make regulators accountable by Eva Hupkes, Marc Quintyn and Michael Taylor. John Hawke explains why Basel II requires a leap of faith by policymakers and John Calverly proposes an anti-bubble committee. This issue also includes an exclusive interview with Alain Damais on FATF's global agenda.

• Contents
• How to make regulators accountable - Eva Hupkes, Marc Quintyn and Michael Taylor
• Basel II's leap of faith - John Hawke Jr.
• An anti-bubble committee - John Calverly
• New Zealand hospitality - Ian Woolford and Adrian Orr
• FATF's global agenda - Interview: Alain Damais
  

The Financial Regulator Vol.9.4 March 2005

Issue 9.4 of The Financial Regulator, published on March 14th, includes an exclusive interview with Bill McDonough, chairman of the PCAOB, which polices auditors in the US. In a UK election special, MPs Stephen Timms, Richard Spring and Vincent Cable spell out what Britain’s political parties want from the FSA. Sergio Beristain profiles Europe’s financial kingpins, Brandon Davies explains why IAS 39 poses problems for current accounts and Aerdt Houben, Jan Kakes and Garry Schinasi offer a practical approach to financial stability.

• Contents
• Policing the big four - Bill McDonough on auditor oversight
• What Westminster wants from the City: Election special - Stephen Timms MP, Richard Spring MP and Vincent Cable MP
• Europe’s financial kingpins - Sergio Beristain
• A practical approach to financial stability - Aerdt Houben, Jan Kakes and Garry Schinasi
• Valuing current account - Brandon Davies on IAS 39
  

The Financial Regulator Vol.9.3 December 2004

In Issue 9.3 of The Financial Regulator includes a special feature on cross-border crises. Leading experts Professor David Mayes, Thorvald Grung Moe, Dirk Schoenmaker and Eva Hüpkes consider how regulators must work together as banks breach national borders. Richard Herring, a member of the shadow regulatory committee, looks at what happens when banking giants topple, and José María Roldán, chairman of the new Committee of Banking Supervisors, explains how Basel II will work in Europe. John Christensen and Richard Murphy outline how regulators can address “tax risk”, and Kern Alexander and Wolf Wagner ask why G10 banks are over capitalised and what this means for their regulator.

• Contents
• When banking giants topple – Interview: Richard Herring
• Tax risk – John Christensen and Richard Murphy
• Preparing for Europe’s next banking crisis – David Mayes, Thorvald Grung Moe,
• Sander Osterlooo, Dirk Schoenmaker and Eva Hüpkes
• How to make Basel II work – Interview: José María Roldán

The Financial Regulator Vol.9.2 September 2004

In issue 9.2 of The Financial Regulator, Congresswoman Sue Kelly outlines the inherent problems in US money-laundering regulation and calls for a unified regulator. In an exclusive interview, Callum McCarthy, chairman of the UK Financial Services Authority, demands a fair deal for consumers. David Knott, former chairman of the Australia Securities and Investments Commission, discusses the difficulties of co-operation between twin regulators and Heidi Schooner looks at the culpability of the OCC in the money-laundering scandal that brought down Riggs Bank.

• Contents
• What’s wrong with money-laundering regulation – Congresswoman Sue Kelly
• FSA demands a fair deal for consumers – Interview: Callum McCarthy
• The OCC in the dock – Heidi Schooner
• Can twin regulators ever get along? – David Knott
• Why the SEC is split on hedge funds – Richard Hizo

The Financial Regulator Vol.9.1 June 2004

Issue 9.1 of The Financial Regulator includes interviews with Nick Le Pan, vice chairman of the Basel committee and superintendent of the Canadian Office of the Superintendent of Financial Institutions, Professor Rifaat, secretary general of the Islamic Financial Services Board, and Dr Károly Szász, former president of the Hungarian Financial Supervisory Authority. In addition a key symposium on Basel 2010 examines the future impact of the new capital accord on the banking system. Bert Ely, Patricia Jackson and Paul Sharma are amongst those who give their views in a symposium on the impact Basel II will have. Prof Michel Tison discusses the issues surrounding supervisory liability.

• Contents
• Basel 2010: How the accord will hit the banking system - Symposium
• Making credit derivatives safe - Ian Marsh and Wolf Wagner
• Should supervisors pay for bank failures? - Michel Tison on the Peter Paul case
• Regulator deposed - Interview: Dr Károly Szász
• Islamic banking - Professor Rifaat Ahmed Abdel Karim

The Financial Regulator Vol.8.4 March 2004

Issue 8.4 of The Financial Regulator includes exclusive interviews with Sir Andrew Large, deputy governor of the Bank of England, Heraldo Muñoz, chairman of the UN Al-Qaeda and Taliban sanctions committee and Jonathan Bloomer, chairman of the UK Financial Services Authority practitioner panel. Stefan Ingves, Udaibir Das and Marc Quintyn make the case for good governance in regulators and David Mayes explains how small countries can respond to cross-border banking failures.

• Contents
• Starving Al-Qaeda - Heraldo Muñoz
• Cross-border failures - Professor David Mayes
• Improving regulatory governance - Stefan Ingves, Udaibir Das and Marc Quintyn
• A recipe for financial stability - Sir Andrew Large
• Unsteady Freddie - Bert Ely

The Financial Regulator Vol.8.3 December 2003

The December 2003 edition includes an exclusive interview with Jaime Caruana, governor of the Bank of Spain and chairman of the Basel Committee on Banking Supervision. Also a profile of China's new banking commission, and two features on the campaign to improve financial regulation in offshore centres.

• Contents
• Interview: Jaime Caruana
• Squeezing offshore centres - the new IMF focus
• Toughening the accord - Professor Harald Benink
• China's new banking Czar
• Callum McCarthy speaks out on Europe
• Risks of credit risk transfer

The Financial Regulator Vol.8.2 September 2003

• Contents
• Can Europe cope with Basel II?
• Corporate governance: regulate with care
• How to fix Freddie Mac
• Accounting oversight: stop the war
• Regulating trusts and corporate vehicles

The Financial Regulator Vol.8.1 June 2003

The new edition of The Financial Regulator is out on Friday 20th June. Vol. 8.1 includes a special feature on Wall Street's global settlement with articles from John Plender, Professor Tim Congdon and Richard Hill. Also included is an interview with John McFall, chairman of the UK's Treasury Select Committee and US comptroller of the currency, John Hawke, analyses the Basel II proposals.

• Contents
• Special feature: What went wrong with Wall Street?
• The trouble with investment banks; Professor Tim Congdon Blame games; John Plender
• Settling the bill ; Richard Hill
• Retreat from Basel; John Hawke
• Malta comes onshore: Professor Joe Bannister:

The Financial Regulator Vol.7.4 March 2003

The March edition includes an exclusive interview with Professor Ernesto Savona discussing how to fight economic crime; Tom Ravlic reports the attacks on APRA over the HIH collapse, Vejen Stoilov from PWC explains innovative capital instruments, Sir Bryan Carsberg charts the road to redefining accounting standards, and Neil Courtis reports on how the EU deal on tax havens has complicated OECD efforts to clamp down on tax havens.

• Contents
• How to fight economic crime
• APRA on the rack
• Innovative capital
• OECD and EU clash over tax
• Redefining accounting standards

The Financial Regulator Vol. 7.3 December 2002

The December edition of The Financial Regulator includes an exclusive interview with Mr Arthur Docters van Leeuwen, chairman of the Committee of European Securities Regulators; an article by Charles Proctor of Tite and Lewis on how regulators can avoid being sued over failed banks and other financial insitutions, and a report from Washington on the impact on the US SEC of Harvey Pitt's resignation.

• Contents
• Pitt decommissioned
• Litigation-proofing for regulators
• CESR's plans for Europe
• Is Basel II voluntary?
• Why Enron collapsed

The Financial Regulator Vol. 7.2 June 2002

• Contents
• NEWS ANALYSIS: Shake-up at Japan’s FSA:Tough times lie ahead for Shokichi Takagi, new chairman of the Financial Services Agency, argues Anthony Rowley. FATF review The Financial Action Task Force (FATF) is working to update its anti-money-laundering blueprint. John Howell reports.
• REGULATORY INDEPENDENCE: Independent regulators and financial stability To function effectively, regulatory agencies need the same freedom of action that central banks now enjoy. Marc Quintyn and Michael Taylor of the International Monetary Fund make the case for regulatory independence.
• CAN REGULATION PREVENT CORPORATE WRONG DOING? Following corporate collapses and scandals in the US and elsewhere, politicians, accountants, analysts, corporate CEOs and regulators are under pressure to prevent future scandals. But what lessons should financial regulators draw from spectacular financial collapses like WorldCom and Enron? The Financial Regulator asked our symposium panel. David Andrews, Fitch Ratings; Bert Ely, principal, Ely and Company; John Tattersall, PricewaterhouseCoopers; Bruce A. Baird, Covington & Burling; Christa Randzio-Plath, MEP; Theresa Villiers, MEP; Michael Foot, Financial Services Authority

The Financial Regulator Vol. 7.1 June 2002

• Contents
• Interview: Professor Charles Calomiris on safety nets, bailouts and market
• discipline
• Capital accord on a single page by Avinash Persaud
• Proceeds of Corruption by Richard Pratt
• Financial services rules at the WTO
• Interview: Manhattan Assistant DA: John Moscow on money laundering