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Bulgarian National Bank - Annual Report 2007

The latest Annual Report from the Bulgarian National Bank highlights the central bank's entry to the European System of Central Banks, a group composed of the European Central Bank and the 27 national central banks of all EU members.

RBI's Mohan on inflows and the rupee

Large volumes of private inflows and export earnings have the potential to over-valuate India's currency, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.

BoE's Gieve states case for global action

Ever-more frequent global policy co-ordination will be essential in avoiding future financial crises, Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England, has said.

Spain's Ordoez hails early warners

Miguel Fernandez Ordoez, the governor of the Bank of Spain, paid tribute to the insights of two economists who warned against the dangers of excessive leverage and argued for counter cyclical capital rules.

T&T's Williams on the crisis

Ewart Williams, the governor of the Central Bank of Trinidad & Tobago, said that while emerging markets have been hit by the crisis, they will be the sole drivers of economic growth in 2009.

Banknote Watch SA launched

A new organisation, called Banknote Watch SA, has been launch in South Africa to prevent cash-related crime in the run-up to the FIFA 2010 World Cup in the country.

Islamic finance and insurance tie-up

The International Association of Insurance Supervisors (IAIS) and the Islamic Financial Services Board (IFSB) signed a working agreement aiming at establishing a sound regulatory and supervisory framework for the Islamic insurance industry.

Chile's rate meeting - minutes

Central Bank of Chile's board members decided unanimously to keep the policy rate unchanged at 8.25% for a second month on expectations that slowing global economic growth may put the brakes on domestic inflation, the minutes of the November meeting show.

Bank cuts to historic low

The Bank of England cut interest rates to their lowest level since 1951 on Thursday and stressed that further steps would be needed to prevent a deep recession.

Watchdog raps TARP management

A congressional watchdog has found the US Treasury wanting on a number of issues related to management and oversight of the $700 billion bailout plan known as the Troubled Asset Relief Program (TARP).

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