Financial Stability
France’s Landau on Glass-Steagall’s relevance
Banque de France’s Jean-Pierre Landau addresses robustness of complex financial systems
Effects of collateral constraints on house prices unclear
Bank of Finland looks at effect of housing markets on economies
New ECB payments head to chair eurosystem committee
Daniela Russo to head Payment and Settlement Systems Committee as well as ECB department
Kenya to step up supervision: Ndung’u
Central Bank of Kenya’s Njuguna Ndung’u on strengheting supervisory tools
New York Federal Reserve – Annual Report 2008
New York Federal Reserve’s Annual Report shows its balance sheet tripled in the past year
No link between capital flight and manufacturing credit
International Monetary Fund examines whether capital inflows affect the impact of the global turmoil on credit conditions for a country’s manufacturing sector
Japanese more aware of BoJ stability role
Bank of Japan publishes the results of the Opinion Survey on the General Public's Views and Behavior
Fed enhancing large institutions’ oversight: Tarullo
Federal Reserve’s Daniel Tarullo says supervision of large institutions to get a new boost
Interest rate corridor for Pakistan
State Bank of Pakistan to change its policy rate structure
BoE publishes semi-annual FX survey
Bank of England finds traditional UK foreign-exchange turnover fell by almost a fifth
Bank of Estonia – Annual Report 2008
Bank of Estonia’s Andres Lipstok says adopting euro would increase foreign investors’ confidence in the domestic economy
High excess reserves levels not a Fed policy feedback
New York Federal Reserve says level of excess reserves say nothing about Fed’s policies’ impact
Malaysia’s Mohd Razif on strengthening Islamic finance
Bank Negara Malaysia’s Mohd Razif bin Abd Kadir says new Shariah-compliant commodity sales house will strengthen Malysia’s role in Islamic finance
SF Fed economist cautions on early warning systems
San Francisco Federal Reserve’s Mark Spiegel says suggested indicators would not have predicted crunch
Monetary and fiscal policies must link: RBI head
Reserve Bank of India’s Duvvuri Subbarao says monetary and fiscal policies must be coordinated in the future
De Larosière for long-term value and economic stability
A near-term focus dominated policy, regulation, accounting standards and governance in the run up to the crisis. It cannot last, writes Jacques de Larosière.
UK Financial Investments releases five-year plan
UK Financial Investments publishes budget projections for five years ahead
Deflation risk and unemployment hit euro area
Euro-area inflation slumps as unemployment soars
Beige Book points to economic stabilisation
Federal Reserve’s Beige Book suggests decline in economic activity is ceasing
Reykjavik backs plans to remove capital controls
Iceland’s government approves central bank’s proposals for the removal on controls introduced after autumn 2008 crash
Pace of tightening of euro-area credit standards declines
European Central Bank’s lending survey shows less tightening of credit standards
Some thoughts on where global finance is heading
An event in Peru earlier this month addressed some of the key questions concerning the international economic order in the aftermath of the crisis.
Regulation is good for competition
International Monetary Fund investigates financial market development
Ireland releases “bad bank” proposals
Finance minister Lenihan says plans are not a bail out for banks