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The surprise announcement of tougher standards for asset-backed securities used as collateral highlights how far the bank is planning its 'exit strategy' to dismantle measures taken after last year's collapse of Lehman Brothers
Pensions have rarely been more interesting... I asked earlier this week for ideas for AXA's competition to invent an alternative name for 'pension' and haven't they come pouring in: perfidy; perjure; permute; perplex and...
Now for a bit of macro-prudential regulation. Sounds painful? It might be. Ridiculous though the phrase is, our three-headed regulator, the Bank of England, the Financial Services Authority and the Treasury - is finally on to...
We Brits have a unique ability to embrace pessimism. We are rarely happier than when discussing the sheer awfulness of the country’s prospects. Indeed, if anything remotely good ever happens, we usually take it as a signal that...
By Christina Fincher LONDON (Reuters) - Regulators need more tools to prevent the build-up of risks in the financial system but it would be unrealistic to think all asset bubbles can be prevented, according to a Bank of England...
WASHINGTON, Nov. 20 (UPI) -- The U.S. Senate Banking Committee said Friday Federal Reserve Chairman Ben Bernanke will appear before it Dec. 3 for a confirmation hearing. The New York Times reported Bernanke is not expected to...
NEW YORK, Nov. 20 (Xinhua) -- U.S. Federal Reserve Chairman Ben Bernanke said on Monday that the central bank would monitor the sliding U.S. dollar and reiterated that interest rate would be kept at low levels for a while. "We...
By SUDEEP REDDY WASHINGTON -- The Federal Reserve's strategy to fend off a barrage of attacks from Congress, largely centered on low-key diplomacy by Chairman Ben Bernanke, isn't succeeding. But some say the financial crisis --...
Wall Street continued the previous decline Friday, after the technology giant Dell posted disappointing earnings and European Central Bank (ECB) President Jean-Claude Trichet said policy makers will withdraw emergency cash...
BY BRIAN BLACKSTONE FRANKFURT, Germany -- European Central Bank President Jean-Claude Trichet warned banks against "addiction" to abundant and cheap credit as the ECB took a first step toward unwinding its financial-support...
