Financial Stability
Financial stability must come second to inflation: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi says exit strategy must focus on price stability
Global liquidity provision system needed: IMF’s Blanchard
International Monetary Fund’s Olivier Blanchard says flexible credit lines have the potential to reduce the reserve-accumulation drive
Ukraine deputy quits on political meddling
National Bank of Ukraine’s Oleksandr Savchenko resigns accusing the President of interference with the central bank’s monetary policy
Yam has secured his place in history
As Joseph Yam prepares to depart, Tony Latter, a former deputy at the Hong Kong Monetary Authority, assesses the chief executive’s time at the helm of the territory’s financial authorities
US to end money-market guarantees this month
Treasury secretary Tim Geithner notes financial sector starting to wean itself of state support
Danes set to avoid euro vote – report
Report says Copenhagen will not hold euro referendum on waning support for single currency
Poland considers quantitative easing
National Bank of Poland says it may buy banks’ bonds as part of a raft of measures aimed at shoring up stability
Harmonised card schemes crucial for Sepa success: Tumpel-Gugerell
European Central Bank's Gertrude Tumpel-Gugerell says more card schemes needed to foster competition
Sounder banks’ borrowers get burned in mergers
Centre for Economic Policy Research (CEPR) looks to Japan for firm-level evidence on the real effects of bank bailouts
India profited from tailored reform: Chakrabarty
Reserve Bank of India’s Kamalesh Chakrabarty says progressive but cautious policies contributed to financial stability amid international financial turbulence
ECB’s González-Páramo cautions on fiscal burden
European Central Bank's José Manuel González-Páramo says fiscal exit strategies need to start alongside economic recovery
Self-regulation has its limits: France’s Noyer
Banque de France’s Christian Noyer says turmoil has underlined weaknesses in financial sector’s ability to police itself
First consultations held on currency for East Africa
Bank of Tanzania hosts first meetings on plans for East African Monetary Union
Use political will to reform finance: Buba’s Weber
Bundesbank’s Axel Weber says political momentum should be utilised to reform global financial market architecture
A model for an economy's target value of assets
Centre for Economic Policy Research investigates global imbalances
UN agency calls for global monetary reform
UNCTAD says capital controls needed to curb financial excess, dollar’s role as global reserve currency “increasingly challenged”
Greenspan blames “human nature” for crunch
Former Federal Reserve chairman Alan Greenspan sceptical that another crisis can be avoided until humans learn to accept cyclical nature of capitalism
Card payments continue to soar
Latest World Payments Report sees non-cash payments growing to 250 billion
Banks agree to expand central clearing for derivatives
Fifteen banks commit to more central clearing for certain derivatives in bid to fix industry’s tarnished reputation
Banque de France review offers regulatory preview
Report features contributions from Jaime Caruana, Claudio Borio, Sheila Bair and Nout Wellink
Floating rate key defence, says Colombia’s Uribe
Central Bank of Colombia’s José Uribe says a flexible exchange rate proved crucial in coping with the global financial crisis
ECB’s Stark –regulation must remain on the agenda
European Central Bank’s Jürgen Stark says policymakers should remained focused on improving regulatory framework despite economic “green-shoots”
Basel outlines plans to tighten bank regulation
Central bank governors and heads of supervision agree on raft of measures to rein in banks
Turkey can do without Fund’s loans – Yilmaz
Central Bank of Turkey’s Durmus Yilmaz says improving balance of payments means it may not need IMF loans in the future