Articles by Yusuf Yassin
ECB approves collateral eligibility criteria of seven Eurosystem central banks
European Central Bank leaves interest rates unchanged but confirms plans to relax collateral criteria for credit claims at seven Eurosystem central banks, including Banque de France
RBA surprises markets with rate hold
Reserve Bank of Australia policy board leaves cash rate unchanged despite market expectation of 25-basis point cut in rates due to weak external outlook
SNB’s Jordan pledges to maintain Swiss franc’s currency floor
Swiss National Bank acting chairman, Thomas Jordan, preserves commitment of Sfr1.20 floor to euro; analysts expect the central bank to defend but not raise floor
Bahrain completes transition to Iban
Commercial banks in Bahrain will now use international bank account numbers as preferred method for international and domestic payments
UK lending weakens for second successive month, says BoE data
Bank of England data on Lending to Individuals shows marked slowdown in lending to consumers in December, but small rise in loans issued to household
Exclusive: Ex-Kosovo governor recalls ‘surprise’ arrest
Central Bank of the Republic of Kosovo’s former governor Hashim Rexhepi recounts his 18-month battle with prosecuters over alleged corruption; says he will seek compensation for his ordeal
ECB faces pressure to take haircut on Greek debt
Institute of International Finance and International Monetary Fund discuss option of official sector involvement for Greek bondholders, as negotiations with private sector fail to reach conclusion
IMF criticises Hungary over policy 'missteps'
International Monetary Fund Article IV consultations says Hungarian economy is in perilous state; country must push ahead with structural reforms and reverse a central bank law to receive funding
Interview: Gerard Hartsink
European Payments Council chairman Gerard Hartsink tells Yusuf Yassin he welcomes the decision to set end-dates for Sepa migration, but says concerns about the regulation, raised in October, remain
Former contractor charged for hacking New York Fed files
Computer programmer at Federal Reserve Bank of New York arrested for stealing proprietary source code used to track the US government’s finances; code is estimated to be worth $9.5 million
Global economic growth fears prompt emerging markets to ease rates
Central Bank of Brazil, Central Bank of the Philippines and National Bank of Serbia cut interest rates on weaker global outlook; elevated inflation forces South African Reserve Bank to hold rates
BoE rejects proposals to revamp court
Bank of England dismisses Treasury Select Committee’s recommendations to replace its court with a new supervisory board; proposes establishment of new Oversight Committee for financial stability
Eulex drops corruption charges against former Kosovo governor
Central Bank of the Republic of Kosovo former governor Hashim Rexhepi freed after European Union prosecutors end case
EFSF rating in spotlight as speculation on eurozone downgrades emerges
Rumours that France and other eurozone sovereigns will lose AAA ratings spooks markets; move will place a question mark over European Financial Stability Facility's rating, say analysts
Order flows are strong indicator of forex movement: Norges Bank paper
Norges Bank study shows order flows in Asian and Australasian countries are a strong indicator of potential exchange rate movements
Hungary's borrowing costs soar
Yield on Hungarian 10-year debt exceeds 10% amid investor concern that Budapest will not receive IMF assistance
Iceland receives final Nordic cash injection
Central Bank of Iceland receives last tranche of loans from Nordic countries as part of IMF deal to build foreign exchange reserves; agrees to delay loan from Poland
Netherlands Bank warns of Sepa information gap
Dutch central bank to launch communication campaign to aid consumers with limited knowledge about the European payments project
Hungary passes controversial central bank bill
Hungarian parliament votes in favour of amendments to National Bank of Hungary law; central bank warns that law presents serious threat to economy
RBNZ vows to aid transition to new retail payments system
Reserve Bank of New Zealand to reduce cost of overnight borrowing for three months as banks shift to new settlement before interchange system
Czech Republic holds off euro entry
Czech Republic will not join single currency until at least 2015 after central bank and finance ministry urge government not to enter Exchange Rate Mechanism II next year
Sluggish growth outlook forces ECB to take drastic action
European Central Bank lowers rates by 25 basis points as sovereign debt crisis weighs in on growth; Governing Council reveals new liquidity measures to ease funding conditions
RBA cuts rates on fears of global slowdown
Reserve Bank of Australia cuts rates by 25 basis points amid growing concerns over sovereign debt crisis in Europe; analysts consider options available at next meeting
Eurozone faces big test as EFSF downgrade looms
European Financial Stability Facility's credit rating could be downgraded after Standard and Poor's places the sovereign ratings of Germany and France on negative watch