Why RBI is worried about India’s financial sector

India’s economy—and its industries—are ever evolving. This is especially true for the financial sector, which is still in a nascent stage in many ways.

Deep Thoughts by Alexander Mirtchev

Ashby Monk

For a variety of reasons, SWF employees are typically quite reserved and guarded when speaking to the press. Not so for Dr. Alexander Mirtchev, who is the Independent Director and a member of the Board of Directors of Kazakhstan’s $30 billion National Welfare Fund Samruk-Kazyna.

Alexander Mirtchev

Will G-20 Counter Power of Uncertainty?

By Alexander Mirtchev 

In 2009, G-20 leaders met in Pittsburgh and emerged with a mandate ‘to be the premier forum for international economic cooperation,' endowing the G-20 with a leading economic role on the global stage. It appeared at the time that the leaders of the G-20 had successfully defeated pessimism. However, the rising tide of global economic turmoil and problems ranging from sovereign indebtedness to consumption and saving imbalances have created a ‘perfect storm' that is far from abating.

EU executive to push for bigger rescue fund, win IMF support

BRUSSELS (Reuters) - The European Commission wants euro zone leaders to agree to a bigger rescue fund to nudge the IMF into backing debt-stricken European economies, despite German resistance to boosting it, the EU's top economic official said on Thursday.

G7 pledge on stability gets cool reception

By Alan Beattie in Washington and Joe Leahy in São Paulo

The statement on Sunday by the Group of Seven rich countries pledging to “take all necessary measures” to support financial stability was largely dismissed by market participants and economists, who said it was a bland attempt at reassurance with little policy content.

Global capital surcharge to affect 28 big banks

(Reuters) - A global regulatory task force said on Tuesday its planned capital requirement surcharge to make the world's biggest banks safer will affect 28 banks initially.

The Financial Stability Board (FSB) did not name the banks in its consultation paper on the new surcharge, which it confirmed in a news briefing on Monday would be set at between 1 and 2.5 percent.

G20 task force expected to endorse bank surcharges

(Reuters) - Global regulators are expected to give the green light on Monday to two measures they hope will shield taxpayers from having to rescue failed banks again.

The Financial Stability Board (FSB) meets in Paris to endorse the capital surcharge and bank resolution proposals that will be put out to public consultation ahead of final approval by leaders of the world's top 20 economies (G20) in November.

Stability board warns of ETF contagion risk

The Financial Stability Board has warned of the rapid growth and increasing complexity of the exchange traded fund market.

The FSB, made up of the world’s central banks and financial regulators, was created in April 2009 from the Financial Stability Forum after leaders of the G20 countries called for an expanded membership beyond the G7 nations. It published a note last week which warned of a number of “disquieting developments” in the ETF market.

'Vulnerabilities' in global financial system: oversight body

ROME — The Financial Stability Board (FSB) on Tuesday warned of "vulnerabilities" in the global financial system including "pockets of weakness" in banks and higher risk-taking because of low interest rates.

The FSB also urged governments to take "immediate, concrete steps" to implement commitments on reforming the market for derivatives -- complex financial products seen as one of the factors in the global financial crisis.

Financial Regulatory Reforms to be Discussed at FSB Seoul Plenary

A plenary session of the Financial Stability Board, or FSB, will be held in Seoul next Wednesday to discuss financial regulatory reforms ahead of next month's G20 Seoul Summit.

Key agenda items on the table include strengthening supervision of global SIFI's or Systemically Important Financial Institutions and enhancing bank capital regulation.

The delegates will also discuss the establishment of an outreach program to encourage non-member countries to participate in the FSB.

The results of the meeting will then be reported to the G20 leaders at the Seoul summit, where the issues are expected to be resolved.