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PBOC - China Payment System Development Report
Payment services tended to be diversified and increasingly market-oriented in 2007, notes the latest China Payment System Development Report from the People's Bank of China.
Japan's Shirakawa: macroprudential view crucial
It is becoming increasingly important for policymakers to sharpen macroprudential perspectives, said Massaki Shirakawa, the governor of the Bank of Japan.
Fed's Hoenig: no firm is too big to fail
Thomas Hoenig, the president of the Kansas City Federal Reserve, has said that no firm is too big to fail.
RBI's Mohan wants rethink on asset-price bubbles
The relationship between monetary policy and asset prices needs to be revisited, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.
EU devises new rules for rating agencies
The European Parliament on Thursday approved a batch of rules aimed at enhancing the transparency and performance of credit rating agencies, under fire for their role in the crisis.
ECB wants more info on collateral - report
The European Central Bank (ECB) could toughen up its collateral rules by forcing banks to disclose more detail about the instruments provided in return for the Frankfurt-based institution's funds, say reports.
Fed reveals Maiden Lane assets
In a bid to enhance transparency, and in doing so appease anger on the Hill, the Federal Reserve on Thursday released information about the assets it holds of American International Group (AIG), the beleaguered insurer, and Bear Stearns, a now-defunct…
Swiss economy to take 3% hit - SNB's Roth
Jean-Pierre Roth, chairman of the Swiss National Bank, has said that GDP this year is expected to contract by 3%, suggesting a less severe recession than in Germany or the United Kingdom.
Bernanke, Paulson forced Merill deal: BoA chief
Ben Bernanke, the chairman of the Federal Reserve, and Hank Paulson, a former US treasury secretary, have been accused of pressurising Bank of America to go ahead with their takeover of investment bank Merrill Lynch after they attempted to back out of…
Icelandic rate setters divided on April cut
Iceland monetary-policy makers voted four to one to cut rates by 150 basis points, minutes of the April meeting revealed.
Indian cut smaller than expected
The Reserve Bank of India cut interest rates by a quarter point on Tuesday, less than many observers had been predicting.
China's economy on the up: central banker
Record lending by commercial banks and improved liquidity in the first quarter of 2009 suggests end-2008 marked a turning point in China's economic fortunes, said Yi Gang, deputy governor of the People's Bank of China.
Canada suffers record contraction
Canada's GDP contracted by an annualised rate of 7.3% in the first quarter of 2009, the fastest rate on record, according to the Bank of Canada.
National Bank of Macedonia - Annual Report 2008
The Macedonian banking system remained sound and stable last year despite the global financial turmoil, the country's central bank said in its latest Annual Report.
Denmark's Bernstein admits options running out
Nils Bernstein, the governor of the National Bank of Denmark, has acknowledged that the central bank is running out of room to manoeuvre.
Markets bought Paulson "teaser freezer" plan
Research from the Richmond Federal Reserve shows that investors were initially optimistic that former US Treasury secretary Hank Paulson's so-called "teaser freezer" plan would improve economic conditions.
Turkey and the crisis
Monetary authorities in countries like Turkey, where relatively low increases have been observed in risk premia, have been able to cuts rates significantly, explained Durmus Yilmaz, the governor of the country's central bank.
No link between loan constraints and productivity
Financial constraints do not lower productivity in most sectors of the economy, research from the International Monetary Fund suggests.
DSK: a mandate for change
The G20 summit in London has created a mandate for change, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF).
New deputy governor for Bank of Ghana
The president of Ghana, John Atta Mills, has appointed Henry Kofi Wampah as a new deputy governor of the Bank of Ghana.
Monetary policy in turbulent times
The global financial crisis has hit the British economy hard, but this does not mean monetary policy should change its focus, said Andrew Sentance, a member of the Bank of England's rate-setting Monetary Policy Committee.
HKMA - Annual Report 2008
Hong Kong's exchange fund lost HK$136 billion ($17.5 billion) in 2008, revealed the Hong Kong Monetary Authority (HKMA) in its Annual Report published on Monday.
World economy in deep recession: IMF
The global economy will contract by 1.3% in 2009, the International Monetary Fund (IMF) has said, even with determined efforts by governments to restore national financial sectors to health.
Bank launches new lending report
21 April saw the publication of the first Trends in Lending report, a new monthly publication from the Bank of England which will present a regular assessment of lending to the UK economy.