Articles by Central Banking Newsdesk
Bank’s Fisher optimistic on winding down crisis facilities
Bank of England executive director of markets Paul Fisher says recent progress in markets reinforced decision to end special liquidity scheme next year
Albania’s Fullani emphasises importance of stress tests
Bank of Albania governor Ardian Fullani calls for more attention to stress tests as part of central banks’ macroprudential policy
NY Fed paper proposes two-tier capital model
New York Federal Reserve study suggests creating a two-tier capital model to solve leverage conflicts
Suda QE proposal defeated: Bank of Japan minutes
Proposal to limit asset purchases to risky assets was turned down by Bank of Japan monetary policy board
RBA's Stevens on China's expansion
Reserve Bank of Australia governor Glenn Stevens says he expects China's growth to continue to eclipse other emerging economies
Fed Beige Book reveals concern over impact of Japanese tragedy
Federal Reserve releases Beige Book; shows improved economic activity across the US but concern over impact of tragedy in Japan
Brics demand "broad-based" international reserve currency system
Leaders of the five fast-growing emerging economies support reform and improvement of international monetary system; want a stable, reliable and broad-based international reserve currency system
Central bank reserve managers recoil at sovereign risk
Central Banking Publications survey finds fears over sovereign risk led reserve managers to limit or cut exposure to “peripheral” European countries; impact also felt in attitudes towards the euro
ECB’s Bini Smaghi calls for level playing field in prudential supervision
European Central Bank executive board member Lorenzo Bini Smaghi says level playing field between European regulators would create more uniform bank resolution regime
FDIC projects return to black
Federal Deposit Insurance Corporation expects its deposit insurance fund to return to positive figures this year after 13 quarters of negative funds
Finland’s Hakkarainen spots growth divergence in Europe
Bank of Finland deputy governor Pentti Hakkarainen warns of growth imbalances forming within Europe
RBA paper reviews unconventional monetary policy measures
Reserve Bank of Australia study says use of long-term interest rates and communication about future short-term interest rate path has merit
Precautionary saving motives necessitate monetary stance revisions: BoE paper
Bank of England study says households’ precautionary saving motives justify accommodative policy bias
Fed’s Yellen dismisses monetary policy link to commodity market boom
Federal Reserve vice-chair Janet Yellen denies claims accommodative US monetary policy is exacerbating boom in commodity markets
‘Disquieting developments’ in ETFs warrants attention: FSB
Financial Stability Board warns of potential issues arising from recent trends in exchange-traded funds (ETFs)
FSB outlines road to shadow banking regulation
Financial Stability Board sets out detailed definition of shadow bank; outlines possible future steps to better regulate the system
Mauritius’s Bheenick: Islamic banking expanding from niche market
Bank of Mauritius governor Rundheersing Bheenick says Islamic banks’ operations could rival conventional banks in some countries
Measuring output gap in export-oriented economies: IMF paper
Fund study assess methods to measure output gap in countries facing non-traditional demand pressures
NY Fed’s Dudley warns against uneven banking reform
New York Federal Reserve president William Dudley says focus on competitiveness in banking reform would ultimately leave countries open to huge tail risks
Shirakawa on earthquake response efforts
Bank of Japan governor Masaaki Shirakawa says he feared earthquake would lead to deterioration in business sentiment
Brazil prepares for Basel III
Brazilian financial stability report announces major changes will be incorporated in the country’s legislation; bringing it into line with Basel III
ECB’s Stark calls for end to short-term approach to monetary policy
European Central Bank executive board member Jürgen Stark says central banks should not be distracted by attempts to fine-tune economy; calls for refocus on monetary data
IMF praises PMA as Palestine bids for statehood
Palestine Monetary Authority “now in a position to carry out functions of a central bank” as the territory bids for statehood recognition as of September
Bank’s Haldane warns capital inflows may overwhelm emerging markets
Bank of England executive director for financial stability Andrew Haldane says rapid rate of investment in emerging markets could lead to financial instability