Financial Stability
Buba’s Weber chastises 'counterproductive' stalling on Greece
Bundesbank president Axel Weber calls for swift action to move forward as Standard & Poor’s downgrades Spain in further sign that Greek crisis is spilling over to neighbouring countries
US senators finally agree to reform debate
Having blocked discussions from Monday to Wednesday, Republican senators agree to let disputed regulatory reform bill be debated
ECB’s Trichet: voices opinion on fiscal goals in Europe
ECB president Trichet calls for concerted effort from European finance ministers to rebuild confidence in markets
IMF: Chile’s financial system resilient to global crisis
IMF paper shows little impact of global financial crisis on Chilean banks
Italy’s Saccomanni calls for new exchange-rate regime framework
Bank of Italy director general Saccomanni calls for standardisation of exchange-rate policies to reduce imbalances in global economy
S&P’s Greek downgrade puts collateral issue back on agenda at ECB
Standard & Poor’s downgrades Greece’s debt to junk, the implications mean collateral would be ineligible at the European Central Bank if Moody’s and Fitch followed suit
Republicans propose end to Fed's quasi-fiscal activity
Senate Republicans leak alternative regulatory proposals calling for an end to Fed’s involvement in shoring up broad sectors, central bank cannot lend to firms with solvency problems under plans
RBI’s Chakrabarty sets out ten commandments for IT
Reserve Bank of India deputy governor outlines ten best practices to enhance the value of IT security in the banking sector
IMF’s Shinohara warns EME dominance may lead to imbalance in growth
IMF deputy director Shinohara indicates global imbalances may result from an uneven distribution of growth
Trichet to rally German support for Greek bailout
European Central Bank president Jean-Claude Trichet expected to urge German lawmakers to stop dragging their feet over the Greek bailout, markets suffer as uncertainty persists
Fed advice cited in Senate vote against reform bill
Regulatory reform bill falls short of votes required for debate, Republican senator cites message from Fed staff criticising last-minute derivatives provisions
Subbarao moots Tobin tax to curb capital inflows
Reserve Bank of India governor Duvvuri Subbarao says all options on the table as it attempts to act on investment influx
Portuguese rating takes double-notch beating
Standard & Poor’s downgrades long-term rating to A- and short-term rating to A-2 on concerns over deteriorating macroeconomic environment, credit default spreads stretch further
IMF: dollarisation minimises central bank functions
IMF paper offers guidance on dollarisation of currency using past experiences
Buba’s Weber: global talks on finance framework essential
Bundesbank President Axel Weber seeks international solution to financial reform using G20 meetings as platform
Shirakawa slams inflation-targeting 'fixation'
Bank of Japan governor blames single-minded use of inflation targets for the growth of credit bubbles, says price levels alone do not show health of the economy
Poland succumbs to political pressure and pays more into state coffers
National Bank of Poland could pay almost twice the amount originally offered
US Senate finds rating agencies influenced by banks
Inquiry says conflict of interest between agencies and their customers did influence ratings of mortgage-backed securities
Initial optimism on Greek bailout may falter
Marco Annunziata, the chief economist at UniCredit, examines the reaction to, and implications of, the Greek bailout
Abandon your ‘furious’ lobbying: Obama to banks
Obama warns banks’ lobbyists off descending on the Hill; laments Republican attacks
Cross-border lending extends slump: BIS
Bank for International Settlements says international lending fell by $385 billion in last three months of 2009, figures reveal fifth consecutive quarterly drop
Elderfield: bank recapitalisation costs manageable
Central Bank of Ireland head regulator suppresses fears over banking costs
Plosser slams Senate proposals on Fed reforms
Philly Fed president Charles Plosser criticises recent Senate bill for politicising Fed appointments
Hungary discovers further risks to economy
National Bank of Hungary report identifies stability threats