-
Regulators must "resist pressures to ring-fence national markets," said Mark Carney, chairman of the Financial Stability Board and future head of the Bank of England.
April 19 -
Mark Carney, chairman of the Financial Stability Board, urged leaders of the Group of 20 nations on Thursday to take more strides to strengthen the global financial system.
September 5 -
Inspired by his old boss Ted Kennedy and steeped in the legal issues surrounding bank regulation, Daniel Tarullo, the Federal Reserve's dominant voice on supervision matters, has amassed significant influence both at home and abroad, as he helps to carry out a major reshaping of the rules governing U.S. banks and the global financial system.
July 28
The Federal Deposit Insurance Corp. has agreed to cooperate with China's central bank to address potential cross-border issues in resolving failing institutions.
The FDIC and the People's Bank of China entered into
The agreement updates a 2007 MOU between the FDIC and the People's Bank of China. It signals the two institutions' desire "to forge effective international working relationships, to demonstrate their commitment to the principles of comprehensive consolidated supervision and cooperation among banking agencies, and to enhance each party's role in financial regulatory initiatives and policy deliberations," it says.
"China and the U.S. have a shared interest in maintaining and expanding our interaction on economic and financial issues, particularly in the areas of deposit insurance and cross-border resolution issues,"said FDIC Chairman Martin Gruenberg in a news release.
In the past year, the FDIC has been trying to cooperate more broadly with foreign nations on cross-border resolution issues. Traditionally, the agency worked closely with regulators in the United Kingdom; this year, the agency has been