Responses to market turbulence: country plans

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Responses to market turbulence: country plans

The selection of links to external websites below are intended to provide useful information on
the response by the the authorities and banks to market turbulence. If you would like to
suggest additions to the list please contact ICMA on info@icmagroup.org
or + 44 (0) 207 517 3220

ICMA makes no representations or warranties, express or implied, as to the accuracy and
completeness of any information contained on any third party web site which may be referred to
or accessed by hyperlinks through or to this web site. ICMA does not endorse or approve the
content of any such third party web site, nor does ICMA assume any liability in connection with
any of them (including but not limited to, liability arising out of any claim or allegation that the
content of any such third party web site infringes any law or the rights of any person or entity).

Last updated October 19, 2009

International

Joint forum publishes final report on special purpose entities (29.09.09)
http://www.bis.org/press/p090929.htm?sent=090929

G20 leaders issue Pittsburgh Summit communiqué (25.09.09)
http://www.pittsburghsummit.gov/mediacenter/129639.htm

FSB Reports on improving financial regulation (25.09.09)
http://www.financialstabilityboard.org/press/pr_090925a.pdf

BIS publishes working paper on market reaction to bank rescue packages (24.09.09)
http://www.bis.org/publ/work288.pdf?noframes=1

IOSCO consults on transparency of structured finance products (23.09.09)
http://www.iosco.org/library/statements/pdf/statements-10.pdf

Basel Committee consults on Cross-border Bank Resolution Group report and recommendations
(17.09.09)
http://www.bis.org/press/p090917.htm?sent=090918

Financial Stability Board holds second plenary meeting (15.09.09)
http://www.financialstabilityboard.org/press/pr_090915.pdf

IMF publishes staff paper examining the management of crisis-related interventions in the financial
system (15.09.09)
http://www.imf.org/external/np/pp/eng/2009/073109.pdf

BIS announces agreement on measures to strengthen the regulation of the banking sector
(06.09.09)
http://www.bis.org/press/p090907.htm

G20 publish communiqué; declaration on further steps to strengthen the financial system; and progress report (05.09.09)
http://www.g20.org/pub_communiques.aspx

IOSCO issues final regulatory recommendations on securitisation and CDS market (04.09.09)
http://www.iosco.org/news/pdf/IOSCONEWS165.pdf

BIS publishes guiding principles for the revision of accounting standards for financial instruments (27.08.09)
http://www.bis.org/press/p090827.htm

G20 research group publishes plans for G20 Pittsburgh Summit (18.08.09)
http://www.g20.utoronto.ca/g20plans/g20leaders090818.pdf

ISDA launches CDS Marketplace website (11.08.09)
http://www.isda.org/press/press081109cds.html

BIS publishes assessment of financial sector rescue programmes (31.07.09)
http://www.bis.org/publ/bppdf/bispap48.htm

IOSCO publishes report on good practice in investment managers' due diligence (29.07.09)
http://www.iosco.org/library/pubdocs/pdf/IOSCOPD300.pdf

Financial Crisis Advisory Group publishes review of standard-setting activities (28.07.09)
http://www.iasb.org/News/Press+Releases/Financial+Crisis+Advisory+Group+publishes+wide-ranging+review+of+standard-setting+activities+followi.htm

IIF publishes “Restoring Confidence, Creating Resilience” (23.07.09)
http://www.iif.com/press/press+76.php

IASB proposes improvements to financial instruments accounting (14.07.09)
http://www.iasb.org/News/Press+Releases/IASB+proposes+improvements+to+financial+instruments+accounting.htm

Basel Committee announces Basel II capital framework enhancements (13.07.09)
http://www.bis.org/press/p090713.htm

OECD publishes Financial Market Trends No.96, Volume 2009/1 (10.07.09)
http://www.oecd.org/document/36/0,3343,en_2649_34849_43294180_1_1_1_1,00.html

Financial Stability Board holds its inaugural meeting (27.06.09)
http://www.financialstabilityboard.org/press/pr_090627.pdf

IOSCO publishes recommendations in response to the financial crisis in Emerging Markets
(24.06.09)
http://www.iosco.org/news/pdf/IOSCONEWS149.pdf

OECD publishes “Finance, competition and governance: Priorities for reform and strategies to
phase-out emergency measures (18.06.09)
http://www.oecd.org/LongAbstract/0,3425,en_2649_33725_43091468_1_1_1_1,00.html

Basel Committee and IADI issue core principles for effective deposit insurance systems
(18.06.09)
http://www.bis.org/press/p090618.htm

OECD publishes “Corporate Governance and the Financial Crisis” (16.06.09)
http://www.oecd.org/dataoecd/3/10/43056196.pdf

G8 Finance Ministers issue statement on financial crisis (13.06.09)
http://www.g8italia2009.it/static/G8_Allegato/Comunicato_G8_Ministri_Finanziari__Lecce_13_giugno_2009,0.pdf

BIS publishes “Towards an operational framework for financial stability” (11.06.09)
http://www.bis.org/publ/work284.htm

IOSCO finalises policy responses to the financial crisis (11.06.09)
http://www.iosco.org/news/pdf/IOSCONEWS145.pdf

Sound stress testing principles issued by Basel Committee (20.05.09)
http://www.bis.org/press/p090520.htm

IOSCO publishes interim recommendations on unregulated financial markets and products
(05.05.09)
http://www.iosco.org/news/pdf/IOSCONEWS143.pdf

Basel Committee on the Global Financial System publishes “The role of valuation and leverage in
procyclicality” (27.04.09)
http://www.bis.org/publ/cgfs34.htm

Communiqué of the International Monetary and Financial Committee of the Board of Governors of
the IMF (25.04.09)
http://www.imf.org/external/np/cm/2009/042509.htm

IMF publishes “Coping with the Crisis: Policy Options for Emerging Market Countries” (23.04.09)
http://www.imf.org/external/pubs/ft/spn/2009/spn0908.pdf

IMF releases its latest semi-annual Global Financial Stability Report (21.04.09)
http://www.imf.org/external/pubs/ft/gfsr/2009/01/index.htm

IMF and World Bank publish “An Overview of the Legal, Institutional, and Regulatory Framework
for Bank Insolvency” (17.04.09)
http://www.imf.org/external/np/pp/eng/2009/041709.pdf

BIS publishes final supervisory guidance for assessing banks' financial instrument fair value
practices (15.04.09)
http://www.bis.org/publ/bcbs153.htm

G20 publishes final Action Plan working group reports (02.04.09)
http://www.g20.org/366.aspx

Four more countries commit to OECD tax standards (07.04.09)
http://www.oecd.org/document/0/0,3343,en_2649_34487_42521280_1_1_1_1,00.html

IASB responds to G20 recommendations and US GAAP guidance (07.04.09)
http://www.iasb.org/News/Press+Releases/IASB+Responds+to+G20+Recommendations+and+US+GAAP+Guidance.htm

G20 issue London Summitt communique and annexes (02.04.09)
http://www.londonsummit.gov.uk/en/media-centre/latest-news/?view=News&id=15776190

OECD issues progress report on jurisdictions implementing internationally agreed tax standard
(02.04.09)
http://www.oecd.org/document/57/0,3343,en_2649_34487_42496569_1_1_1_1,00.html

Financial Stability Forum re-established as Financial Stability Board (02.04.09)
http://www.fsforum.org/press/pr_090402b.pdf

Financial Stability Forum issues recommendations and principles to strengthen financial systems
(02.04.09)
http://www.fsforum.org/press/pr_090402a.pdf

IASC Foundation expresses support for review of financial instruments accounting (02.04.09)
http://www.iasb.org/News/Press+Releases/Trustees+express+support+for+fundamental+and+urgent+review+of+financial+instruments+accounting+and+c.htm

OECD releases data, analysis and recommendations submitted to the G20 (02.04.09)
http://www.oecd.org/document/2/0,3343,en_2649_201185_42554946_1_1_1_1,00.html

IMF publishes working paper on financial stability frameworks and the role of Central Banks
(01.04.09)
http://www.imf.org/external/pubs/cat/longres.cfm?sk=22806.0

IASB consults on derecognition requirements (31.03.09)
http://www.iasb.org/News/Press+Releases/IASB+proposes+improvements+to+derecognition+requirements+as+part+of+review+of+off+balance+sheet+risk.htm

IMF overhauls lending framework (24.03.09)
http://www.imf.org/external/np/sec/pr/2009/pr0985.htm

IOSCO publishes hedge funds oversight recommendations (19.03.09)
http://www.iosco.org/news/pdf/IOSCONEWS139.pdf

Communiqué issued by G20 Finance Ministers and Central Bank Governors (14.03.09)
http://www.londonsummit.gov.uk/en/media-centre/latest-news/?view=News&id=14928236

FSF discusses risks and ongoing workstreams (13.03.09)
http://www.fsforum.org/press/pr_090312a.pdf

Financial Stability Forum decides to broaden its membership (13.03.09)
http://www.fsforum.org/press/pr_090312b.pdf

Expansion of membership announced by the Basel Committee (13.03.09)
http://www.bis.org/press/p090313.htm

Initiatives on capital announced by the Basel Committee (12.03.09)
http://www.bis.org/press/p090312.htm

IOSCO examines credit rating agencies' code of conduct implementation (12.03.09)
http://www.iosco.org/news/pdf/IOSCONEWS138.pdf

IMF Executive Board discusses "Initial Lessons of the Crisis" (06.03.09)
http://www.imf.org/external/pp/longres.aspx?id=4315

IASB enhances financial instruments disclosures (05.03.09)
http://www.iasb.org/News/IASB+enhances+financial+instruments+disclosures.htm

EBRD, EIB and World Bank Group join forces to support Central and Eastern Europe (27.02.09)
http://www.ebrd.com/new/pressrel/2009/090227.htm

OECD publishes a report “Corporate Governance Lessons from the Financial Crisis” (26.02.09)
http://www.oecd.org/dataoecd/32/1/42229620.pdf

Outcome of the Berlin Summit in preparation of the London Summit (22.02.09)
http://www.bundesregierung.de/nn_6538/Content/EN/Pressemitteilungen/BPA/2009/2009-02-22-outcome.html
http://www.bundesregierung.de/nn_6538/Content/EN/Pressemitteilungen/BPA/2009/2009-02-22-chair-summary.html

G20 “Road to the London Summit” report published (18.02.09)
http://www.londonsummit.gov.uk/en/media-centre/latest-news/?view=News&id=13722811

OECD publishes paper on financial crises - past lessons and policy implications (17.02.09)
http://www.olis.oecd.org/olis/2009doc.nsf/LinkTo/NT00000BFA/$FILE/JT03259830.PDF

G7 issues statement on financial turmoil (14.02.09)
http://www.londonsummit.gov.uk/en/media-centre/latest-news/?view=News&id=13585064

IMF publishes note to G20 deputies (05.02.09)
http://www.imf.org/external/np/g20/020509.htm

IASB public accountability enhanced (29.01.09)
http://www.iasb.org/News/Press+Releases/Trustees+enhance+public+accountability+through+new+Monitoring+Board+complete+first+part+of+Constitut.htm

BIS announces enhancements to the Basel II capital framework (16.01.09)
http://www.bis.org/press/p090116.htm

World Economic Forum releases initial report from New Financial Architecture project (16.01.09)
http://www.weforum.org/en/initiatives/Scenarios/NewFinancialArchitecture/index.htm

Group of Thirty releases its financial reform report: “A Framework for Financial Stability”
(15.01.09)
http://www.group30.org/pubs/pub_1460.htm

OECD Secretary-General calls for reform of European financial architecture (14.01.09)
http://www.oecd.org/document/10/0,3343,en_2649_34111_41987466_1_1_1_1,00.html

OECD releases paper on strategic response to financial and economic crisis (13.01.09)
http://www.oecd.org/document/27/0,3343,en_2649_201185_41973851_1_1_1_1,00.html

OECD publishes Financial Market Trends No.95, Volume 2008/2 (08.01.09)
http://www.oecd.org/document/61/0,3343,en_2649_34849_41942845_1_1_1_1,00.html

BIS takes steps to strengthen implementation of supervisory standards and guidance (08.01.09)
http://www.bis.org/press/p090108.htm

BIS releases CP on principles for sound stress testing (06.01.09)
http://www.bis.org/press/p090106.htm

IMF publishes working paper on banking stability measures (01.01.09)
http://www.imf.org/external/pubs/cat/longres.cfm?sk=22554.0

IMF spells out need for global fiscal stimulus (29.12.08)
http://www.imf.org/external/pubs/ft/survey/so/2008/INT122908A.htm

IASB proposes additional disclosures for investments in debt instruments (23.12.08)
http://www.iasb.org/News/Press+Releases/IASB+proposes+additional+disclosures+for+investments+in+debt+instruments.htm

CEIOPS publishes risk update on financial conditions and stability (22.12.08)
http://www.ceiops.eu/media/files/publications/reports/CEIOPS-Autumn-Report-2008.pdf

IASB and FASB propose joint approach for revenue recognition (19.12.08)
http://www.iasb.org/News/Press+Releases/IASB+and+FASB+propose+joint+approach+for+revenue+recognition.htm

IASB provides update on steps taken in response to the global financial crisis (19.12.08)
http://www.iasb.org/News/Press+Releases/IASB+provides+update+on+steps+taken+in+response+to+the+global+financial+crisis.htm

IASB publishes proposed new Consolidation standard as part of comprehensive review of off
balance sheet risk (18.12.08)
http://www.iasb.org/News/Press+Releases/IASB+publishes+proposed+new+Consolidation+standard+as+part+of+comprehensive+review+of+off+balance+sh.htm

Basel Committee publishes paper on external audit quality and banking supervision (02.12.08)
http://www.bis.org/press/p081202.htm

Basel Committee publishes fair value practice for banks consultation (27.11.08)
http://www.bis.org/press/p081127.htm

IOSCO Technical Committee launches Task Forces to support G-20 aims (25.11.08)
http://www.iosco.org/news/pdf/IOSCONEWS134.pdf

BCBS outlines strategy in response to global financial market turmoil (20.11.08)
http://www.bis.org/press/p081120.htm

FSF and IMF announce enhanced collaboration (14.11.08)
http://www.imf.org/external/np/omd/2008/eng/pdf/111308.pdf

OECD announces action plan for global response to financial crisis (12.11.08)
http://www.oecd.org/document/25/0,3343,en_2649_201185_41658137_1_1_1_1,00.html

IOSCO publishes open letter to G20 summit on financial turmoil (12.11.08)
http://www.iosco.org/library/pubdocs/pdf/IOSCOPD282.pdf

IASB publishes education guidance on the application of fair value measurement (31.10.08)
http://www.iasb.org/News/Press+Releases/IASB+publishes+educational+guidance+on+the+application+of+fair+value+measurement+when+markets+become.htm

IMF reports on financial stress and deleveraging macrofinancial implications and policy (28.10.08) http://www.imf.org/external/pubs/ft/gfsr/2008/02/pdf/text.pdf

Asia-Europe meeting publishes statement on current financial situation (24.10.08)
http://www.asem7.cn/download/engfulltext.pdf

IASB and FASB create advisory group to review reporting issues relating to the credit crisis
(16.10.08)
http://www.fasb.org/news/nr101608_2.shtml

IASB proposes amendments to financial instruments disclosures (15.10.08)
http://www.iasb.org/News/Press+Releases/IASB+proposes+improvements+to+financial+instruments+disclosures.htm

G8 Leaders issue statement on global economy (15.10.08)
http://www.imf.org/external/np/cm/2008/101508.htm

WTO creates task force on financial crisis (15.10.08)
http://www.wto.org/english/news_e/news08_e/tnc_chair_report_oct08_e.htm

IMF announces plan of action (11.10.08)
http://www.imf.org/external/np/cm/2008/101108a.htm

FSF publishes follow-up to Report on Enhancing Market and Institutional Resilience (10.10.08)
http://www.fsforum.org/press/pr_081009f.pdf

IASB announces next steps in response to credit crisis (03.10.08)
http://www.iasb.org/NR/rdonlyres/C852569A-8BA6-4636-8C0D-DB7EEB088A26/0/IASBannouncesnextstepsinresponsetothecreditcrisis.pdf

The Global Economy and OECD: Distilling Lessons from a Financial Crisis (01.10.08)

http://www.coe.int/t/dc/files/pa_session/sept_2008/20081001_disc_gurria_en.asp

European Union

State aid: overview of national measures adopted as a response to the financial/economic crisis (13.10.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/446&format=HTML&aged=0&language=EN&guiLanguage=en

CEBS consults on disclosure guidelines to improve risk disclosures (09.10.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-consults-on-disclosure-guidelines-reflecting-.aspx

MEPs set up special committee on financial and economic crisis (08.10.09)
http://www.europarl.europa.eu/news/expert/infopress_page/042-61890-280-10-41-907-20091005IPR61889-07-10-2009-2009-false/default_en.htm

CEBS comments on results of EU-wide stress testing exercise (01.10.09)
http://www.c-ebs.org/getdoc/629d8941-3f2a-4a7c-a180-c68208f8b005/CEBS-2009-180-Annex-2-(Press-release-from-CEBS).aspx

CESR issues consultation on Trade Repositories in the EU (29.09.09)
http://www.cesr.eu/index.php?page=consultation_details&id=149

EU Commission announces proposed legislation to strengthen financial supervision (23.09.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1347&format=HTML&aged=0&language=EN&guiLanguage=en

IMF publishes working paper on special resolution regimes for financial institutions in the EU
(21.09.09)
http://www.imf.org/external/pubs/ft/wp/2009/wp09200.pdf

Commission updates its summary overview of national measures adopted as a response to the
financial/economic crisis (09.09.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/380&format=HTML&aged=0&language=EN&guiLanguage=en

Commission publishes Communication on EU restructuring aid to banks (19.08.09)
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2009:195:0009:0020:EN:PDF

Commision issues review of national aid schemes introduced during the financial crisis (10.08.09) http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/360&format=HTML&aged=0&language=EN&guiLanguage=en

Commission announces start of EU CDS CCP clearing (31.07.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1215&format=HTML&aged=0&language=EN

Consultation consults on further possible changes to the Capital Requirements Directive ("CRD")
(24.07.09)
http://ec.europa.eu/internal_market/consultations/2009/capital_requirements_directive_en.htm

State aid: Commission presents guidelines on restructuring aid to banks (23.07.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1180&format=HTML&aged=0&language=EN&guiLanguage=en

CEBS publishes position paper on a countercyclical capital buffer (17.07.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-today-publishes-a-Position-Paper-on-a-counter.aspx

European Commission proposes revision of bank capital regulation (13.07.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1120&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission extends State aid guidelines (10.07.09)
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2009:157:0001:0001:EN:PDF

CESR calls for mandatory post trade transparency regime for non-equity markets (10.07.09)
http://www.cesr.eu/popup2.php?id=5800

ECB publishes report on national rescue measures in response to current financial crisis
(03.07.09)
http://www.ecb.int/pub/pdf/scplps/ecblwp8.pdf

Commission updates its overview of national measures adopted as a response to the financial
and economic crisis (29.06.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/305&format=HTML&aged=0&language=EN&guiLanguage=en

Draft Ecofin roadmap on financial supervision and regulation published (12.06.09)
http://register.consilium.europa.eu/pdf/en/09/st10/st10961.en09.pdf

EU Commission proposes stronger financial supervision in Europe (27.05.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/836&format=HTML&aged=0&language=EN&guiLanguage=en

State aid: overview of national measures adopted as a response to the financial/economic crisis (20.05.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/246&format=HTML&aged=0&language=EN&guiLanguage=en

CBFA imposes liquidity stress tests (13.05.09)
http://www.cbfa.be/eng/Press/html/2009-05-13_liquidity.asp

EU Parliament adopts capital requirements directives’ amendment report (06.05.09)
http://www.europarl.europa.eu/news/expert/infopress_page/042-55120-124-05-19-907-20090505IPR55119-04-05-2009-2009-false/default_en.htm

Commission proposes EU framework for managers of alternative investment funds (29.04.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/669&format=HTML&aged=0&language=EN&guiLanguage=en

Commission updates its overview of national measures adopted as a response to the financial
and economic crisis (22.04.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/174&type=HTML&aged=0&language=EN&guiLanguage=en

CEBS publishes principles on remuneration (20.04.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-publishes-its-principles-on-remuneration.aspx

State aid: latest Scoreboard reviews Member States' action to fight economic crisis (08.04.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/554&format=HTML&aged=0&language=EN&guiLanguage=en

CEBS consults on high-level principles for risk management (08.04.09)
https://www.c-ebs.org/News--Communications/Latest-news/CEBS-consults-on-high-level-principles-for-risk-ma.aspx

German Act Amending the Financial Market Stability Act enters into force (08.04.09)
http://www.bgblportal.de/BGBL/bgbl1f/bgbl109s0725.pdf

CEBS publishes good practices paper on functioning of Colleges of supervisors for cross-border banking groups (02.04.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-publishes-a-good-practices-paper-on-the-funct.aspx

CESR consults on draft recommendations for central counterparties as amended for OTC
derivatives (31.03.09)
http://www.cesr.eu/popup2.php?id=5657

CEIOPS members approve financial crisis guidelines (27.03.09)
http://www.ceiops.eu/media/files/pressreleases/20090327-press-release-IGSC-Co-Cos-additional.pdf

Commission staff paper on possible changes to the Capital Requirements Directive (25.03.09)
http://ec.europa.eu/internal_market/bank/docs/regcapital/consutbesec_en.pdf

EU Council publishes presidency conclusions (20.03.09)
http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/en/ec/106809.pdf

CEBS publishes interim report on liquidity buffers and 'survival' period (18.03.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-is-today-publishing-an-interim-report-on-liqu.aspx

CEBS reviews measures regarding valuation of complex and illiquid financial instruments
(18.03.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-publishes-the-outcome-of-an-assessment-of-mea.aspx

EU Commission updates overview of national rescue measures (17.03.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/111&format=HTML&aged=0&language=EN&guiLanguage=en

EU deposit guarantee scheme Directive published (13.03.09)
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2009:068:0003:0007:EN:PDF

Commission consults on financial market supervision (10.03.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/373&format=HTML&aged=0&language=EN

ECB publishes guiding principles for bank asset support measures (06.03.09)
http://www.ecb.int/pub/pdf/other/guidingprinciplesbankassetsupportschemesen.pdf

CEBS publishes remuneration guidelines for consultation (06.03.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-consults-on-its-principles-on-remuneration.aspx

European Commission publishes a Communication entitled “Driving European recovery” (04.03.09) http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/351&format=HTML&aged=0&language=EN&guiLanguage=en

Meeting of EU heads of state and government (01.03.09)
http://www.consilium.europa.eu/showFocus.aspx?id=1&focusId=352&lang=en

EU Council adopts directive increasing depositor protection (26.02.09)
http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/misc/106370.pdf

de Larosière High Level Expert Group publishes its report on Financial Supervision (25.02.09)
http://ec.europa.eu/commission_barroso/president/pdf/statement_20090225_en.pdf
http://ec.europa.eu/commission_barroso/president/pdf/statement_20090225.pdf

EU Commission provides guidance for treatment of impaired assets in banking sector (25.02.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/322&format=HTML&aged=0&language=EN&guiLanguage=en

Major firms commit to EU central counterparty for CDS (19.02.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/77&format=HTML&aged=0&language=EN
http://www.isda.org/press/press021909.html

EU Commission updates overview of national rescue measures (16.02.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/67&type=HTML&aged=0&language=EN&guiLanguage=en

EU Parliament calls for EU-level coordination for economic rescue plans (11.02.09)
http://www.europarl.europa.eu/news/expert/infopress_page/042-48806-040-02-07-907-20090209IPR48768-09-02-2009-2009-false/default_en.htm

CEBS publishes its analysis of the supervisory implications of the national plans for the
stabilization of markets (05.02.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-publishes-its-analysis-of-the-supervisory-imp.aspx

CEBS publishes revised Template for supervisory college agreements (27.01.09)
http://www.c-ebs.org/News--Communications/Latest-news/CEBS-has-published-a-revised-Template-for-written-.aspx

CEBS and CEIOPS publish ten principles for the functioning of supervisory colleges (27.01.09)
http://www.c-ebs.org/getdoc/aeecaf1a-81b5-476a-95dd-599c5e967697/Clean-V3-formatted-CEBS-2008-124-CEIOPS-SEC-08-54-.aspx

EC adopts measures to strengthen supervisory committees and standard-setting bodies for accounting and auditing (26.01.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/125&format=HTML&aged=0&language=EN&guiLanguage=en

ECB President speaks on economic & monetary developments and international financial
architecture (21.01.09)
http://www.ecb.int/press/key/date/2009/html/sp090121.en.html

EU Council publishes conclusions on bank capital (20.01.09)
http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/en/ecofin/105385.pdf

EC updates its overview of national rescue measures and guarantee schemes (07.01.09)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/5&format=HTML&aged=0&language=EN&guiLanguage=en

CESR issues statement on the reclassification of financial instruments and other related issues
(07.01.09)
http://www.cesr.eu/popup2.php?id=5445

CESR publishes consultation paper on non-equity markets transparency (19.12.08)
http://www.cesr.eu/index.php?page=consultation_details&id=127

CESR calls for evidence on short selling (19.12.08)
http://www.cesr.eu/popup2.php?id=5437

ECB opinions published regarding financial market stability
http://www.ecb.int/ecb/legal/1353/1330/html/index.en.html

EU Parliament approves increase in bank deposit guarantee (18.12.08)
http://www.europarl.europa.eu/news/expert/infopress_page/042-44862-350-12-51-907-20081216IPR44861-15-12-2008-2008-false/default_en.htm

EU Commission launches public consultation on hedge funds (18.12.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/2028&format=HTML&aged=0&language=EN

EU Commission adopts framework for state aid measures to support access to finance
(17.12.08)

EU Council publishes report on proposal to regulate CRAs (16.12.08)
http://register.consilium.europa.eu/pdf/en/08/st17/st17272.en08.pdf

EU amendments to Deposit Guarantee Scheme proposal published (15.12.08)
http://register.consilium.europa.eu/pdf/en/08/st17/st17155.en08.pdf

State aid: Commission adopts guidance on bank recapitalisation in current financial crisis to boost
credit flows to real economy (08.12.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1901&format=HTML&aged=0&language=EN&guiLanguage=en

State aid: Overview of national rescue measures and guarantee schemes (04.12.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/08/766&format=HTML&aged=0&language=EN&guiLanguage=en

The Commission launches a major Recovery Plan for growth and jobs, to boost demand and
restore confidence in the European economy (26.11.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1771&type=HTML&aged=0&language=EN&guiLanguage=en

Council has raised the ceiling for assistance available for a Member State in financial difficulty
(25.11.08)
http://register.consilium.europa.eu/pdf/en/08/st15/st15579.en08.pdf

Generic - Credit crunch – the EU at work (28.10.08)
http://ec.europa.eu/commission_barroso/president/focus/credit_crunch/index_en.htm

Council conclusions: economic and financial situation (16.10.08)
http://www.consilium.europa.eu/ueDocs/cms_Data/docs/pressData/en/ec/103441.pdf

European Commission sets out proposal to increase minimum protection for bank deposits to
€100,000 (15.10.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1508&type=HTML&aged=0&language=EN&guiLanguage=en

Revision of EU rules on Deposit Guarantee Schemes - Frequently Asked Questions (15.10.2008)
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/08/622&type=HTML&aged=0&language=EN&guiLanguage=en

State aid: Commission gives guidance to Member States on measures for banks in crisis
(13.10.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1495&format=HTML&aged=0&language=EN&guiLanguage=en

Summit of the euro area countries: declaration on a concerted European action plan of the euro
area countries (12.10.08)
http://www.ue2008.fr/PFUE/lang/fr/accueil/PFUE-10_2008/PFUE-12.10.2008/sommet_pays_zone_euro_declaration_plan_action_concertee.html
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1993&format=HTML&aged=0&language=EN&guiLanguage=en

Australia

Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding formally
commences (28.11.08)
http://www.guaranteescheme.gov.au/

Government Announces Details of Deposit and Wholesale Funding Guarantees (24.10.08)
http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2008/117.htm&pageID=003&min=wms&Year=&DocType

Austria

Update on Austrian bank package (13.10.08)
http://www.bka.gv.at/site/cob__32117/5432/default.aspx

Guarantee scheme (8.10.08)
http://www.bka.gv.at/site/cob__32055/currentpage__0/6347/default.aspx
https://www.bmf.gv.at/Presse/8853.htm

Belgium

CBFA imposes liquidity stress tests (13.05.09)
http://www.cbfa.be/eng/Press/html/2009-05-13_liquidity.asp

Extension of government powers to give guarantees to the financial sector (21.04.09)
http://www.ejustice.just.fgov.be/mopdf/2009/04/21_1.pdf#page16

Extension of Flemish guarantee scheme for loans to businesses (06.04.09)
http://www.ejustice.just.fgov.be/mopdf/2009/04/06_1.pdf#page6

Government announces guarantee scheme for financial co-operatives (21.01.09)
http://www.premier.be/fr/nieuws/communiqu%C3%A9-du-premier-ministre-et-du-ministre-des-finances

Law establishes “Fortis Fund” for benefit of individual shareholders (22.12.08)
http://www.ejustice.just.fgov.be/mopdf/2008/12/29_4.pdf#page108

Belgian, French and Luxembourg governments guarantee Dexia's wholesale funding (10.12.08)
http://www.dexia.com/docs/2008/2008_news/20081209_gov_02_UK.pdf

Extension of Flemish guarantee scheme for loans to SMEs (21.11.08)
http://www.ejustice.just.fgov.be/mopdf/2008/11/21_1.pdf#page119

Belgian deposit protection scheme extended (17.11.08)
http://www.minfin.fgov.be/portail2/index.htm

Royal Decree organises government guarantee of financial institutions' wholesale funding
(20.10.08)
http://www.ejustice.just.fgov.be/mopdf/2008/10/20_3.pdf#page3

New law authorises Government to guarantee financial institutions (17.10.08)
http://www.ejustice.just.fgov.be/mopdf/2008/10/17_2.pdf#page4

Communication du gouvernement sur la crise financière (13.10.08)
http://www.premier.be/fr/nieuws/communication-du-gouvernement-sur-la-crise-financi%C3%A8re

Garanties pour Dexia et sur le financement des banques systémiques belges (9.10.08)
http://www.belgium.be/fr/actualites/2008/news_garanties_dexia.jsp?referer=tcm:116-25393-64-a1

Fortis: mesures complémentaires (5.10.08)
http://www.belgium.be/fr/actualites/2008/news_fortis_paribas.jsp?referer=tcm:116-25230-64-a1

Banks

- Intervention en faveur des actionnaires de Fortis Group (13.10.08)
http://www.belgium.be/fr/actualites/2008/news_intervention_action_fortis.jsp?referer=tcm:116-26303-64

- Les autorités financières luxembourgeoises ont fait connaitre que Kaupthing Bank Luxembourg S.A. a été place sous le régime du sursis de paiement (10.10.08)
http://www.premier.be/files/communiqués%20de%20presse.pdf#page3

- Communication du gouvernement sur la crise financière (9.10.08)
http://www.premier.be/fr/nieuws/communication-du-gouvernement-sur-la-crise-financi%C3%A8re

- Communiqué du Premier ministre et du ministre des Finances sur le groupe Fortis (3.10.08)
http://www.premier.be/fr/nieuws/communiqu%C3%A9-du-premier-ministre-et-du-ministre-des-finances-sur-le-groupe-fortis

- Les gouvernements belge, luxembourgeois et néerlandais investissent 11,2 milliards d'euros
dans Fortis (28.09.08)
http://www.premier.be/fr/nieuws/les-gouvernements-belge-luxembourgeois-et-n%C3%A9erlandais-investissent-112-milliards-deuros-dans -

Bulgaria

Bulgarian Government increases guarantee on bank deposits for individuals to BGN 100,000
(30.10.08)
http://www.parliament.bg/?page=news&lng=en&SType=show&id=1616

Canada

Expert Panel calls for single federal securities regulator (12.01.09)
http://www.expertpanel.ca/eng/reports/index.html

Governments agree to support restructuring of non-bank sponsored Asset-Backed Commercial
Paper (19.12.08)
http://www.fin.gc.ca/n08/08-108-eng.asp

Government of Canada Announces Additional Support for Canadian Credit Markets (12.11.08)
http://www.fin.gc.ca/news08/08-090e.html

Government of Canada Agrees to Extend the Canadian Lenders Assurance Facility to Caisse
centrale Desjardins (27.10.08)
http://www.fin.gc.ca/news08/08-083e.html

Government of Canada Strengthens Canadian Advantage in Credit Markets (23.10.08)
http://www.fin.gc.ca/news08/08-080e.html

Croatia

Government of the Republic of Croatia
http://www.vlada.hr/en/naslovnica/novosti_i_najave/2008/listopad/hrvatska_se_uspjela_pripremiti_za_sve_moguce_scenarije_financijske_krize

Czech Republic

Czech National Bank publishes report on Financial Market Supervision 2008 (30.06.09)
http://www.cnb.cz/cs/dohled_fin_trh/dnft_zpravy/download/dnft_2008_cz.pdf

Czech Republic increases bank deposit guarantee (16.12.08)
http://www.fpv.cz/index.php

Ministry of Finance of the Czech Republic
http://www.mfcr.cz/cps/rde/xchg/mfcr/xsl/press_releases.html

Denmark

Danish government credit package agreement in place (18.01.09)
http://www.oem.dk/sw24128.asp

The Danish government and Danish Bankers Association have agreed on measures to
safeguard financial stability (6.10.08)
http://uk.fm.dk/News/Press%20releases/2008/10/081006%20Measures%20to%20safeguard%20financial%20stability.aspx

Estonia

Ministry of Finance of the Republic of Estonia
http://www.fin.ee/?lang=en

Finland

Ministry of Finance announces measures to boost financial markets (27.01.09)
http://www.vm.fi/vm/en/03_press_releases_and_speeches/01_press_releases/20090127Measur/name.jsp

State guarantees for banks' unsecured credit facilities (22.10.08)
http://www.vm.fi/vm/en/03_press_releases_and_speeches/01_press_releases/20081022Stateg/name.jsp

Stabilisation of the financial markets in Finland (20.10.08)
http://www.vm.fi/vm/en/03_press_releases_and_speeches/01_press_releases/20081020Stabil/name.jsp

Deposit guarantee limit increased to EUR 50,000 (10.10.08)
http://www.government.fi/ajankohtaista/tiedotteet/tiedote/en.jsp?oid=241293

Banks

- Glitnir Finland is acquired by the company’s management and will be renamed FIM (14.10.08)
https://www.fim.com/english/info/press/releases?item=386152&page=2

- Finnish FSA release: Glitnir Bank Ltd continues operations in Finland (8.10.08)
https://www.fim.com/english/info/press/releases?item=385007&page=2

- Glitnir Finland to be sold (8.10.08)
https://www.fim.com/english/info/press/releases?item=385005&page=2

France

Ministry of Finance issues working group report on supervisory activities over financial sector
(29.01.09)
http://www.minefe.gouv.fr/depose/090119-rapdeletre.pdf

ECB publishes opinion on draft French financing law (21.10.08)
http://www.ecb.int/ecb/legal/pdf/en_con_2008_56.pdf

L'État est prêt à souscrire à des titres subordonnés pour 10,5 milliards d'euros pour financer
l'économie (20.10.08)
http://www.minefe.gouv.fr/discours-presse/discours-communiques_finances.php?type=communique&id=2085&rub=1

New French financing legislation effective (16.10.08)
http://www.legifrance.gouv.fr/affichTexte.do?cidTexte=JORFTEXT000019653147&dateTexte

Intervention de M. le Président de la République à l'issue du Conseil des ministres (13.10.08)
http://www.elysee.fr/documents/index.php?lang=fr&mode=view&cat_id=3&press_id=1927

Communiqué sur la réunion qui s'est tenue ce matin à L'Elysée portant sur la situation du groupe
Dexia (30.9.08)
http://www.elysee.fr/documents/index.php?lang=fr&mode=view&cat_id=8&press_id=1851

Banks

- Dexia raises EUR 6.4 billion from the Governments of Belgium, France and Luxembourg and
from existing shareholders (30.9.08)
http://www.dexia.com/e/news/press-release-desc.php?id=4092

Germany

Ministries of Justice and Finance present discussion draft on restructuring of financial institutions (26.08.09)
http://www.bmj.de/enid/23866c6351b962c412c6c742d6f22695,a66972706d635f6964092d0936313839093a0979656172092d0932303039093a096d6f6e7468092d093038093a095f7472636964092d0936313839/Pressestelle/Pressemitteilungen_58.html

Bundestag adopts Act on Strengthening the Financial Market and Insurance Supervision
(05.07.09)
http://dip21.bundestag.de/dip21/btd/16/127/1612783.pdf

Bundestag adopts law on bad bank schemes (03.07.09)
http://dip21.bundestag.de/dip21/btd/16/135/1613590.pdf

Finance ministry publishes information regarding “bad banks” scheme (13.05.09)
http://www.bundesfinanzministerium.de/nn_54/DE/Buergerinnen__und__Buerger/Gesellschaft__und__Zukunft/finanzkrise/130509__BadBank.html?__nnn=true

Konjunkturpaket I und II: Impulse für die Wirtschaft (12.01.09)
http://www.bundesregierung.de/nn_1272/Content/DE/Artikel/2009/01/2009-01-12-konjunktur-2.html

Kapital für die Commerzbank (9.01.09)
http://www.bundesfinanzministerium.de/nn_53848/DE/BMF__Startseite/Ministerium/Der__Sprecher__spricht/013__Commerzbank__alternativtext.html?__nnn=true

SoFFin publishes form of guarantee agreement (19.12.08)
http://www.soffin.de/leistungen_garantien.en.php?sub=3

Hilfspaket für den Finanzmarkt ist verfügbar (20.10.08)
http://www.bundesregierung.de/nn_1264/Content/DE/Artikel/2008/10/2008-10-20-verordnung-finanzmarkt.html

German government agrees to set up financial market stabilisation fund (17.10.08)
http://www.bundesregierung.de/nn_6562/Content/EN/Artikel/2008/10/2008-10-13-finanzmarktgesetz__en.html

The Chancellor aims to establish a market economy with a human face (15.10.08)
http://www.bundesregierung.de/nn_6538/Content/EN/Artikel/2008/10/2008-10-15-merkel-bundestag__en.html

Bundesregierung beschließt Stabilisierungsfonds für den Finanzmarkt (13.10.08)
http://www.bundesregierung.de/nn_1272/Content/DE/Artikel/2008/10/2008-10-13-finanzmarktgesetz.html

Restoring and strengthening confidence (7.10.08)
http://www.bundesregierung.de/nn_6538/Content/EN/Artikel/2008/10/2008-10-07-regerkl-bk-finanzmarkt__en.html

Banks in Germany

SoFFin announces holding of 47.31% of Hypo Real Estate Holding AG (07.05.09)
http://www.soffin.de/presse.php?sub=5

SoFFin announces voluntary public takeover offer for HRE (09.04.09)
http://w3.cantos.com/09/soffin-904-d71oz/documents/20090409_Press%20Release.pdf

- Hypo Real Estate: Liquidity Facilities and Financial Markets Stabilisation Fund (29.10.08)
http://www.hyporealestate.com/eng/pdf/PI-Faszi_FinStab_Englisch_Endfassung.pdf

Greece

Greece to increase guarantee on deposits (15.10.08)
http://www.mnec.gr/el/

Hong Kong

SFC, HKMA and 16 banks reach agreement on Minibonds (22.07.09)
http://www.info.gov.hk/hkma/eng/press/2009/20090722e4_index.htm

HKMA issues circular on provision of liquidity assistance to banks (31.03.09)
http://www.info.gov.hk/hkma/eng/press/2009/20090326e3_index.htm

HKMA urges AIs to study its report on structured products sales relating to Lehman Brothers
(09.01.09)
http://www.info.gov.hk/hkma/eng/press/2009/20090109e4_index.htm

Financial Secretary calls for financial regulatory structure to be reviewed (08.01.09)
http://www.news.gov.hk/en/category/businessandfinance/090108/html/090108en03003.htm

FSTB publishes IMF report on Government's decisive actions to bolster financial stability
(09.12.08)
http://www.info.gov.hk/gia/general/200812/09/P200812090107.htm

Refinements to the measures for providing liquidity assistance to licensed banks in Hong Kong
(06.11.08)
http://www.info.gov.hk/hkma/eng/press/2008/20081106e3_index.htm

HKMA announces new measures to support confidence in Hong Kong banking system (14.10.08) http://www.info.gov.hk/hkma/eng/press/2008/20081014e6_index.htm

Hungary

New legislation in Hungary to enhance stability of financial system
http://www.parlament.hu/irom38/06765/06765.pdf

Hungarian Government proposes new legislation to enhance stability of financial system
(10.11.08)
http://www.parlament.hu/irom38/06765/06765.pdf

IMF Executive Board Approves €12.3 Billion Stand-By Arrangement for Hungary (06.11.08)
http://www.imf.org/external/np/sec/pr/2008/pr08275.htm

Joint statement by the Presidency of the Ecofin Council and the Commission on providing
medium-term financial assistance to Hungary (29.10.08)
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1595&format=HTML&aged=0&language=EN&guiLanguage=en

IMF Announces Staff-Level Agreement with Hungary on €12.5 Billion Loan (US$15.7 billion);
European Union, World Bank to Lend, Too (28.10.08)
http://www.imf.org/external/np/sec/pr/2008/pr08261.htm

ECB and Hungarian National Bank announce cooperation to support euro liquidity providing
instruments (16.10.08)
http://www.ecb.int/press/pr/date/2008/html/pr081016.en.html

Ministry of Finance-Press Release portal
http://www2.pm.gov.hu/web/home.nsf/frames/english

Magyar Nemzeti Bank
http://english.mnb.hu/engine.aspx?page=mnben_pressreleases_2008

Iceland

Icelandic Government releases Policy Declaration (02.02.09)
http://eng.forsaetisraduneyti.is/media/frettir/Policy_declaration.pdf

FME provides overview on restructuring the banking sector (11.12.08)
http://www.fme.is/?PageID=581&NewsID=370

IMF Announces Staff Level Agreement with Iceland on US$2.1 Billion Loan (24.10.08)
http://www.imf.org/external/np/sec/pr/2008/pr08256.htm

The Parliament of Iceland - Prime Minister’s Office
http://eng.forsaetisraduneyti.is/news-and-articles/nr/3075

Act No. 125/2008 on the Authority for Treasury Disbursements due to Unusual Financial Market
Circumstances etc. (7.10.08)
http://eng.forsaetisraduneyti.is/news-and-articles/nr/3037

Banks in Iceland

- Landsbanki: Statement to customers of ICESAVE (14.10.08)
http://www.landsbanki.is/english/aboutlandsbanki/pressreleases

- Landsbanki Íslands hf. requests to remove its listed equities from trading (14.10.08)
http://www.landsbanki.is/english/aboutlandsbanki/pressreleases?GroupID=720&NewsID=13342&y=0&p=1

- Dutch and Icelandic understanding on Icesave (11.10.08)
http://eng.forsaetisraduneyti.is/news-and-articles/nr/3049

- Statement from Landsbanki Íslands hf : Landsbanki did not transfer funds from the UK to Iceland (10.10.08)
http://www.landsbanki.is/english/aboutlandsbanki/pressreleases?GroupID=720&NewsID=13336&y=0&p=1

- Operations begin at Nýi Landsbanki Íslands hf. (9.10.08)
http://eng.fjarmalaraduneyti.is/news/nr/11402

- Administration committee takes control of Landsbanki Islands hf (7.10.08)
http://www.landsbanki.is/english/aboutlandsbanki/pressreleases?GroupID=720&NewsID=13337&y=0&p=1

Ireland

Irish government announces draft legislation for the National Asset Management Agency (NAMA) (31.07.09)
http://www.finance.gov.ie/viewdoc.asp?DocID=5875

Government announces creation of a National Asset Management Agency (NAMA) to acquire
certain problem assets from banks (07.04.09)
http://budget.gov.ie/

Government announces recapitalisation of Allied Irish Bank and Bank of Ireland (11.02.09)
http://www.finance.gov.ie/viewdoc.asp?DocID=5669&CatID=1&StartDate=1+January+2009&m=n

Irish Government announces nationalisation of Anglo Irish Bank (15.01.09)
http://www.finance.gov.ie/viewdoc.asp?DocID=5627

Department of Finance announces plans to recapitalise major Irish banks (21.12.08)
http://www.finance.gov.ie/viewdoc.asp?DocID=5609

Credit Institutions (Financial Support) Scheme 2008 FAQs (16.12.08)
http://www.finance.gov.ie/documents/publications/other/faqbankguar.pdf

Statutory Instrument: 'Credit Institutions (Financial Support) Scheme 2008 (20.10.08)
http://www.finance.gov.ie/documents/publications/statutoryinstruments/2008/si4112008.pdf

Credit Institutions (Financial Support) Scheme 2008 (the "scheme"): Market Notice - Confirmation
of Statutory Guarantee (17.10.08)
http://www.finance.gov.ie/documents/publications/other/marketnoticeoct08.pdf

Minister for Finance, Mr Brian Lenihan, TD, intends to extend Guarantee Scheme (9.10.08)
http://www.finance.gov.ie/viewdoc.asp?DocID=5488

Government decision to safeguard Irish Banking System (30.9.08)
http://www.taoiseach.gov.ie/index.asp?locID=586&docID=4026

Banks

UK Government confirms intention to make available guarantee scheme to Bank of Scotland
(Ireland)
http://www.halifax.ie/index.jsp?p=109&n=747&a=10280

Italy

Ministry of Economy and Finance announces support transaction re Gruppo Banco Popolare
(19.06.09)
http://www.mef.gov.it/ufficio-stampa/comunicati/?idc=21554

Ministry publishes details re State liability guarantee measures and temporary swap transactions (22.03.09)
http://www.mef.gov.it/ufficio-stampa/comunicati/?idc=20978

Italian Government issues Decree Law adopting additional measures for the stabilisation of the
banking systems (29.11.08)
http://www.mef.gov.it/documenti/open.asp?idd=20301

(13.10.08)
http://www.governo.it/Notizie/Palazzo%20Chigi/dettaglio.asp?d=40608

Conferenza stampa Consiglio dei Ministri delle ore 15.30 del 13 ottobre 2008 (13.10.08)
http://www.tesoro.it/documenti/open.asp?idd=19940

Japan

The Bank of Japan's policy measures in the current financial crisis
http://www.boj.or.jp/en/type/exp/seisaku_cfc/index.htm

Luxembourg

Luc Frieden: "Le Luxembourg augmente la garantie des dépôts bancaires à 100.000
euros" (17.10.08)
http://www.gouvernement.lu/salle_presse/actualite/2008/10-octobre/17-frieden-garantie-bancaire/index.html

Banks

- Lettre aux clients de la banque Kaupthing qui se sont adressés au gouvernement via le site
Internet du gouvernement (23.10.08)
http://www.gouvernement.lu/salle_presse/actualite/2008/10-octobre/23-lettrekaupthing/index.html

- Kaupthing (12.10.08)
http://www.kaupthing.lu/About-Us/Press-release
http://www.kaupthing.lu/About-Us/Important-Notice

- Dexia (9.10.08)
http://www.gouvernement.lu/salle_presse/communiques/2008/10-octobre/09-dexia/index.html

The Netherlands

Maas-Commission on future of banks publishes 'Towards the Restoration of Trust' report
(07.04.09)
http://www.nvb.nl/index.php?p=290341

Publication of temporary guarantee corporate finance regulation (06.03.09)
http://eb.sdu.nl/eb/show.do?key=SC93563&type=op

Dutch banks make agreements regarding the granting of credit (17.12.08)
http://www.vno-ncw.nl/web/servlet/nl.gx.vno.client.http.StreamDbContent?code=1991

Dutch State to contribute to payments under Deposit Guarantee Scheme (03.12.08)
http://www.minfin.nl/Actueel/Kamerstukken/2008/12/Stand_van_zaken_Icesave

Further revised Dutch State 2008 Credit Guarantee Scheme (27.11.08)
http://www.dutchstate.nl/uploads/20081127181203920_Rules%20Word-versie%2027112008.pdf

Minister of Finance informs parliament about several matters relating to financial crisis (05.11.08)
http://www.minfin.nl/content.jsp?objectid=60053

Government reinforces ING's core capital by 10 billion euros (19.10.08)
http://www.government.nl/News/Press_releases_and_news_items/2008/October/Government_reinforces_ING_s_core_capital_by_10_billion_euros

Protecting the financial industry (10.10.08)
http://www.government.nl/News/Press_releases_and_news_items/2008/October/Protecting_the_financial_industry

Banks

- Dutch and Icelandic understanding on Icesave (13.10.08)
http://www.government.nl/News/Press_releases_and_news_items/2008/October/Dutch_and_Icelandic_understanding_on_IceSave

- Dutch State acquires Fortis Nederland (3.10.08)
http://www.government.nl/News/Press_releases_and_news_items/2008/October/Dutch_State_acquires_Fortis_Nederland

New Zealand

Wholesale Guarantee Facility – Details (1.11.08)
http://www.treasury.govt.nz/publications/media-speeches/media/01nov08

Information on the proposed Crown guarantee of retail deposits held in approved banks and
non-bank deposit-taking entities (updated 24.10.08)
http://www.treasury.govt.nz/economy/guarantee

Norway

Fiscal measures to limit the economic downturn (26.01.09)

http://www.regjeringen.no/en/dep/fin/press-center/Press-releases/2009/fiscal-measures-to-limit-the-economic-do.html?id=543734

350 billion Kroner Government Bond Swap Facility (12.10.08)
http://www.regjeringen.no/en/dep/smk/Press-Center/Press-releases/2008/350-billion-kroner-government-bond-swap-.html?id=532111

Banks

- The Norwegian government has decided to guarantee deposits in the Norwegian branch of
Kaupthing Bank (13.10.08)
http://www.regjeringen.no/en/dep/fin/Press-Center/Press-releases/2008/the-norwegian-government-has-decided-to-.html?id=532153

Poland

Polish Government presents anti-crisis plan (30.11.08)
http://www.mf.gov.pl/dokument.php?const=1&dzial=153&id=150861&typ=news

Polish Bank Association presents plan for combating economic financial crisis (26.11.08)
http://www.zbp.pl/site.php?s=MDAyNjE4

President signs revision of the Act on Banking Guarantee Fund (24.11.08)
http://www.nbpnews.pl/pl/akt/monbpif/media-o-nbp-25-11-08

Council of Ministers adopts a bill on the granting of support to financial institutions by the State
Treasury (28.10.08)
http://www.kprm.gov.pl/s.php?doc=1648

The Chancellery of the Prime Minister
http://www.kprm.gov.pl/english/

The National Bank of Poland
http://www.nbp.pl/

Portugal

Comunicado do Banco de Portugal sobre o Banco Privado Português (01.12.08)
http://www.bportugal.pt/bank/com/com_011208_p.htm

Banco Português de Negócios - Nota de Esclarecimento (03.11.08)
http://www.bpn.pt/eportal/v10/PT/aspx/genericas/index,8691.aspx

Governo aprova em Conselho de Ministros iniciativa para o reforço da estabilidade financeira
(13.10.08)
http://www.min-financas.pt/download.asp?num_links=0&link=comunicados/2008/081012.pdf

Russia

The Central Bank of the Russian Federation
http://www.cbr.ru/eng/

Serbia

Serbian Government portal
http://www.srbija.gov.rs/?change_lang=en

Slovenia

Slovenia announces stability measures (22.10.08)
http://www.c-ebs.org/formupload/e1/e1cc72c3-aafd-474d-a7fe-3876f007e394.pdf

Republic of Slovenia
http://www.kpv.gov.si/nc/en/splosno/cns/news/article/252/3278/

South Korea

BOK introduces measures to help increase banks' credit availabilities (05.12.08)
http://www.bok.or.kr/contents/total/eng/boardView.action?menuNaviId=634&boardBean.brdid=3164&boardBean.menuid=634&boardBean.rnum=1

FSS announces regulations improvement to provide liquidity to financial market (29.10.08)
http://english.fss.or.kr/fsseng/emdc/prs/fss_v.jsp?menuName=PRESS+RELEASE&menuIndex=0&fssIndex=5582

MOU Guidelines on Government Guarantees of Banks External Debt (05.11.08)
http://english.fss.or.kr/fsseng/comm/fileDown.jsp?path=med/pre/FILE_1225877983039.pdf&btmIndex=0&filename=MOU_guidelines_final.pdf

Spain

Law on bank restructuring and reinforcement of own funds regarding credit entities published
(27.06.09)
http://www.boe.es/boe/dias/2009/06/27/pdfs/BOE-A-2009-10575.pdf

Bank of Spain acts to support Caja de Ahorros de Castilla La Mancha (02.04.09)
http://www.bde.es/prensa/intervenpub/gobernador/mfo020409.pdf

Royal Decree Law on urgent tax, financial and insolvency measures announced (31.03.09)
http://www.boe.es/boe/dias/2009/03/31/pdfs/BOE-A-2009-5311.pdf

Resolution announcing third and fourth auctions of Financial Assets Acquisition Fund published
(27.12.08)
http://www.boe.es/boe/dias/2008/12/27/pdfs/A52100-52102.pdf

Financial measures to improve liquidity of small and medium-sized companies adopted (13.12.08)
http://www.boe.es/boe/dias/2008/12/13/pdfs/A50094-50095.pdf

Order developing Royal Decree-Law on State guarantee published in Official State Gazette
(24.11.08)
http://www.boe.es/boe/dias/2008/11/24/pdfs/A46924-46927.pdf

El Gobierno concederá avales de hasta 100.000 millones de euros a los bancos en el año 2008
(13.10.08)
http://www.la-moncloa.es/ActualidadHome/2008/131008ConsejoExtraordinario.htm

The Government increased the deposit warranty, which amounts to 100,000 Euros now, and it
also created a 30,000 million Euros fund in order to guarantee the liquidity of the system (7.10.08) http://www.la-moncloa.es/IDIOMAS/9/ActualidadHome/07102008FondoGarantiaDeposito.htm

Sweden

Government extends and broadens guarantee scheme for borrowing by banks (02.04.09)
http://www.sweden.gov.se/sb/d/11760/a/123819

Carnegie has new owners - operations can continue - clients' assets are safe (10.11.08)
http://www.carnegie.se/en/about/PressIR/Press-Releases/?releaseid=392210

Government takes measures to strengthen financial stability (29.10.08)
http://www.sweden.gov.se/sb/d/10213/a/114469

The Swedish Government proposes plan to secure the stability of the financial system
http://www.sweden.gov.se/sb/d/10213/a/113805

Increase in deposit guarantee (6.10.08)
http://www.sweden.gov.se/sb/d/586/a/112972

Switzerland

FINMA presents report on the financial market crisis (14.09.09)
http://www.finma.ch/e/aktuell/Pages/mm-bericht-finanzmarktkrise-20090914.aspx

Working group on business continuity planning in the Swiss financial centre publishes its 2nd
report (14.09.09)
http://www.snb.ch/en/mmr/reference/pre_20090914_2/source/pre_20090914_2.en.pdf

New counter-cyclical capital targets and leverage ratio for major Swiss banks (04.12.08)
http://www.ebk.admin.ch/e/publik/medienmit/20081204/mm-em-leverageratio-20081204-e.pdf

The Federal Authorities of the Swiss Confederation: Federal Council takes decision on measures
to strengthen Switzerland's financial system (16.10.08)
http://www.admin.ch/aktuell/00089/index.html?lang=en&msg-id=22019

Swiss Federal Banking Commission: SFBC Investigation into the Causes of the Write-downs of
UBS (16.10.08)
http://www.ebk.admin.ch/e/publik/medienmit/20081016/mm-ubs-subprime-bericht-ebk-e.pdf

Swiss National Bank- news portal
http://www.snb.ch/en/ifor/media

Federal Council takes decision on measures to strengthen Switzerland's financial system
(16.10.08)
http://www.admin.ch/aktuell/00089/index.html?lang=en&msg-id=22019

Ukraine

Press Release: IMF Approves US$16.4 Billion Stand-By Arrangement for Ukraine(05.11.08)
http://www.imf.org/external/np/sec/pr/2008/pr08271.htm

Ukrainian Government news portal
http://www.kmu.gov.ua/control/en/publish/category?cat_id=32741

United Kingdom

FSA publishes feedback to the Turner Review and associated discussion paper (30.09.09)
http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/130.shtml

Treasury Committee reports on banking regulation and supervision (31.07.09)
http://www.publications.parliament.uk/pa/cm200809/cmselect/cmtreasy/767/767.pdf

Treasury Committee report on dealing with failure of UK banks published (21.07.09)
http://www.publications.parliament.uk/pa/cm200809/cmselect/cmtreasy/956/956.pdf

HMT publishes report on reforming financial markets (08.07.09)
http://www.hm-treasury.gov.uk/reforming_financial_markets.htm

FSA issues statement on profit participating deferred shares (12.06.09)
http://www.fsa.gov.uk/pages/Library/Communication/Statements/2009/profit.shtml

House of Lords publishes second report into banking supervision and regulation (02.06.09)
http://www.publications.parliament.uk/pa/ld/ldeconaf.htm

Government to strengthen resolution arrangements for investment banks (11.05.09)
http://nds.coi.gov.uk/Content/Detail.asp?ReleaseID=401037&NewsAreaID=2

Treasury Committee publishes report on dealing with the failure of UK banks (01.05.09)
http://news.parliament.uk/2009/05/committee-report-on-dealing-with-the-failure-of-uk-banks/

DMO issues details of Asset-backed Securities Guarantee Scheme (22.04.09)
http://www.dmo.gov.uk/index.aspx?page=CGS/ABS_about

Turner Review of global banking regulation and FSA discussion paper published (18.03.09)
http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/037.shtml

Preliminary report published on UK’s Tripartite regulation system (09.03.09)
https://www.tripartitereview.co.uk/uc/admin/8ec5/ospe.php3?SES=99fe73502e716b42d11e4f1a545d77eb&syid=7284&sid=7285&act=start&js=13&flash=1000

DMO publishes supplemental deed to Credit Guarantee Scheme (09.02.09)
http://www.dmo.gov.uk/documentview.aspx?docname=cgs/press/cgs090208.pdf&page

HMT announces independent review of corporate governance of UK banking industry (09.02.09)
http://www.hm-treasury.gov.uk/press_10_09.htm

BoE publishes Market Notice on Asset Purchase Facility (06.02.09)
http://www.bankofengland.co.uk/publications/news/2009/009.htm

Chancellor & Bank Governor exchange letters concerning new Asset Purchase Facility
(29.01.09)
http://www.hm-treasury.gov.uk/fin_support_lending.htm

FSA Chairman sets out agenda for reforming financial regulation (21.01.09)
http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/013.shtml

HM Treasury statement on financial intervention to support lending in the economy (19.01.09)
http://www.hm-treasury.gov.uk/press_05_09.htm

HM Treasury statement on restructuring its investment in RBS (19.01.09)
http://www.hm-treasury.gov.uk/press_06_09.htm

HM Treasury statement on the Government’s Asset protection scheme (19.01.09)
http://www.hm-treasury.gov.uk/press_07_09.htm

DMO announces extension of drawdown window for Credit Guarantee Scheme (19.01.09)
http://www.dmo.gov.uk/documentview.aspx?docname=cgs/press/pr20090119.pdf&page

FSA Statement on regulatory approach to bank capital (19.01.09)
http://www.fsa.gov.uk/pages/Library/Communication/Statements/2009/bank_capital_.shtml

House of Lords EU Committee launches inquiry into EC's proposals for dealing with the financial
crisis (15.12.08)
http://www.parliament.uk/parliamentary_committees/lords_press_notices/pn151208eua.cfm

Government announces changes to Credit Guarantee Scheme (15.12.08)
http://www.hm-treasury.gov.uk/press_138_08.htm

Changes to Credit Guarantee Scheme (13.12.08)
http://www.hm-treasury.gov.uk/press_138_08.htm

HMT publishes “Managing the global economy through turbulent times” (08.12.08)
http://www.hm-treasury.gov.uk/int_globalecon_turbulent.htm

FSA consults on financial stability and depositor protection (08.12.08)
http://www.fsa.gov.uk/pages/Library/Policy/CP/2008/08_23.shtml

UK Government covers 100% of London Scottish Bank retail deposits (01.12.08)
http://www.hm-treasury.gov.uk/press_129_08.htm

Treasury Committee calls for further evidence for banking crisis inquiry (26.11.08)
http://www.parliament.uk/parliamentary_committees/treasury_committee/tc0708pn85.cfm

HM Treasury provides update on support package for banking sector (25.11.08)
http://www.hm-treasury.gov.uk/press_126_08.htm

Statement by the Chancellor on the Bank Recapitalisation Scheme (18.11.08)
http://www.hm-treasury.gov.uk/statement_chx_181108.htm

Treasury Committee announces evidence session on banking sector incentive structures and
executive remuneration (07.11.08)
http://www.parliament.uk/parliamentary_committees/treasury_committee/tc0708pn81.cfm

HMT consults on special resolution regime (06.11.08)
http://www.hm-treasury.gov.uk/press_117_08.htm

New company to manage Government’s shareholding in banks (3.11.08)
http://www.hm-treasury.gov.uk/press_114_08.htm

Guidance on HMT Treasury Credit Guarantee Scheme and Bank Recapitalisation Fund (31.10.08)
http://www.hm-treasury.gov.uk/fin_stab_credit_guarantee_scheme.htm

Implementing support for the banking system (13.10.08)
http://www.hm-treasury.gov.uk/press_106_08.htm

Treasury statement on financial support to the banking industry (13.10.08)
http://www.hm-treasury.gov.uk/press_105_08.htm

DMO Market notice: the UK government’s 2008 credit guarantee notice (13.10.08)
http://www.dmo.gov.uk/documentview.aspx?docName=/gilts/press/mktnotice08.pdf

Research Paper 08/77: Banking Bill (10.10.08)
http://www.parliament.uk/commons/lib/research/rp2008/rp08-077.pdf

Financial support to the banking industry (8.10.08)
http://hm-treasury.gov.uk/press_100_08.htm

£50 billion banking package (8.10.08)
http://www.number10.gov.uk/Page17112

Banks in the UK

- FSA statement on capital approach utilised in UK bank support package (14.11.08)
http://www.fsa.gov.uk/pages/Library/Communication/Statements/2008/capapp.shtml

- Acquisition of HBOS plc by Lloyds TSB Group plc (13.10.08)
http://www.hbosplc.com/customers/index.html

- Capital base of HSBC UK strengthened (9.10.08)
http://www.hsbc.com/1/2/newsroom/news/news-archive-2008/capital-base-of-hsbc-uk-strengthened

- Santander to inject capital to further strengthen its UK subsidiary (13.10.08)
http://www.santander.com/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1205449879426&cachecontrol=immediate&ssbinary=true&maxage=3600

- ING DIRECT UK has signed an agreement with the UK Treasury to take over £2.5 billion deposits
from Kaupthing edge and £ 538 million deposits from Heritable Bank (12.10.08)
http://www.ingdirect.co.uk/general/faqs/keandhb.asp

- Kaupthing Singer and Freidlander Press Release (8.10.08)
http://www.kaupthingsingers.co.uk/pages/3962

- The Landsbanki Freezing Order 2008 (8.10.08)
http://www.opsi.gov.uk/si/si2008/uksi_20082668_en_1

- Bradford & Bingley: Public Ownership and Sale of Savings Business (29.09.08)
http://www.bbg.co.uk/bbg/ir/news_prs/historicnews/groupnews/pressrelease/?id=4807752

USA

Remarks by the President on financial rescue and reform (14.09.09)
http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-on-Financial-Rescue-and-Reform-at-Federal-Hall/

US Treasury issues proposed legislation on regulation of OTC derivative transactions (11.08.09)
http://www.treas.gov/press/releases/tg261.htm

US Department of Treasury delivers proposal for the registration of hedge funds (15.07.09)
http://www.treas.gov/press/releases/tg214.htm

US Treasury releases “Financial Regulatory Reform: A New Foundation” (17.06.09)
http://www.financialstability.gov/docs/regs/FinalReport_web.pdf

Treasury Secretary Geithner testifies on financial regulation reform (26.03.09)
http://www.house.gov/apps/list/hearing/financialsvcs_dem/press031309.shtml

US Treasury Secretary outlines financial stability plan (10.02.09)
http://www.financialstability.gov/

Congressional Oversight Panel issues Special Report on Regulatory Reform (29.01.09)
http://cop.senate.gov/blog/entries/blog-012909-reformreport.cfm

PWG Private-Sector Committees Finalize Best Practices for Hedge Funds (16.01.09)
http://www.treas.gov/press/releases/hp1361.htm

Dr. Bernanke: Policy responses to the financial crisis (13.01.09)
http://www.lse.ac.uk/collections/LSEPublicLecturesAndEvents/events/2008/20081203t1159z001.htm#generated-subheading1

DTCC commits to support central CDS clearing (12.01.09)
http://www.dtcc.com/news/press/releases/2009/dtcc_supports_ccps.php

U.S. Government Accountability Office (GAO): framework for crafting and assessing proposals
to modernize the outdated US financial regulatory system (08.01.09)
http://www.gao.gov/products/GAO-09-216

Federal Deposit Insurance Corporation (FDIC) news
http://www.fdic.gov/news/index.html

SEC Actions During Turmoil in Credit Markets
http://www.sec.gov/news/press/sec-actions.htm

FASB proposes improvements to disclosures of financial instruments (24.12.08)
http://www.fasb.org/news/nr122408.shtml

FASB proposes improvements to valuations of financial instruments (19.12.08)
http://www.fasb.org/news/nr121908fsp.shtml

The Federal Reserve - Banking information & regulation
http://www.federalreserve.gov/bankinforeg/default.htm

US Department of the Treasury - News
http://www.treas.gov/topics/financial-markets/

US Department of the Treasury - Economic Stabilization Act 2008
http://www.treasury.gov/initiatives/eesa/

SUMMARY OF THE “EMERGENCY ECONOMIC STABILIZATION ACT OF 2008” (20.10.08)
http://financialservices.house.gov/essa/summary_of_the_eesa2.pdf

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