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Bank of Canada paper on capital control liberalisation in India
Bank of Canada study shows there has been a significant reduction in barriers to arbitrage in India
Ireland’s Gerlach optimistic about fiscal adjustments
Central Bank of Ireland deputy governor Stefan Gerlach says progress towards completing Ireland’s fiscal adjustment programme has gone better than expected
ECB will fulfil financial lender of last resort role: Constâncio
European Central Bank vice-president Vítor Constâncio says non-standard liquidity measures will help ease bank-funding pressures in eurozone
Avoid short-term ‘euphoria’ of excessive leveraging: HKMA’s Chan
Norman Chan, chief executive of the Hong Kong Monetary Authority, calls excessive leveraging the 'root cause' of the global financial crisis; tells of Asian experiences of crises
EBA finds €114.7 billion capital shortfall in Europe
European Banking Authority publishes recommendation and final results of bank recapitalisation plan; part of co-ordinated measures to restore confidence in the banking sector
Promotions and reappointments at the Chicago Fed
Federal Reserve Bank of Chicago announces new deputy chairman, reappointments of board chairman, two directors and Federal Advisory Council representative; also promotions in three internal groups
Bank Negara Malaysia MobileLINK bus begins tour
Malaysian central bank launches mobile customer service bus; part of efforts in promoting financial inclusion by extending the outreach programme to a wider community
Management of South African Mint Company suspended
South African Reserve Bank announces mystery 'technical issues' uncovered; top management suspended with immediate effect
US regulatory agencies issue new market risk capital rule proposals
US federal bank regulatory agencies remove references to rating agencies in new market risk capital rule proposal; change aids compliance with Dodd-Frank Act
Cœuré progresses towards ECB executive board membership
ECB Governing Council adopts Council of the European Union opinion and supports Benoît Cœuré to become a member of the executive board
Fiji governor calls for improvement in securities trading regulation
Barry Whiteside says international co-operation is needed to keep up with market developments in securities trading
Kamin confirmed as permanent replacement for Sheets at Fed
Steven Kamin is made permanent director of the Division of International Finance at the Federal Reserve Board; has been acting head since Nathan Sheets resigned in August
SARB issues bleak Quarterly Bulletin
Latest quarterly bulletin from South African Reserve Bank says economy has grown at ‘lacklustre’ pace; inflation hit upper limit of target range in October
Kohn talks of macro-prudential policy ‘infancy’
Donald Kohn tells US audience about the UK’s Financial Policy Committee; explains the “consistent and systematic” application of macro-prudential policies is still developing
IMF researchers label asset managers collateral ‘mines’
Paper highlights lack of attention paid to rise of asset managers as a major source of funding for banks through shadow banking system
Czech prime minister wary of central bank losing independence
Petr Nečas does not want selection method of top central bank officials to change; warns Senate-agreed choices could lead to the politicising of the board
CB.com panel discusses changes in reserve management functions
CentralBanking.com poses the question: What do central banks want from reserves and reserve managers? Panellists discuss how the financial crisis has altered the role of reserve managers
Choongsoo warns of lurching global crisis
Bank of Korea governor Choongsoo Kim says world risks another crisis if global imbalances are not addressed
Credit subsidies can counteract bust cycles: IMF paper
Fund case study of Serbia shows use of credit subsidies during the financial crisis was effective in mitigating decline in output
Riksbank's Öberg calls for focus on shorter forecast horizons
Riksbank first deputy governor, Svante Öberg, says limitations in analysts’ forecasting beyond one year requires greater emphasis on near-term outlook
Pakistan’s Anwar wants updated microfinance regulatory framework
State Bank of Pakistan governor Yaseen Anwar says considerable work is still needed to regulate microfinance institutions effectively
Namibian deputy governor turns down third term
Bank of Namibia deputy governor Paul Hartmann to be replaced by director of research Ebson Uanguta; governor Ipumbu Shiimi confirmed for a full five-year term
Lagarde calls Arab Spring a ‘beacon of light’
Christine Lagarde expresses her hope for the countries affected by the Arab Spring uprisings; calls on international community to support the growth of economies in the region
IMF paper on how to better manage commodity price cycles
Fund study shows that flexible exchange rate regimes help shield commodity-exporting countries from sudden declines in commodity prices