Financial Stability
Mauritius’s Bheenick on local markets
Governor hails development of derivatives exchange
Eurosystem signs T2S MoU with settlement providers
Central banks and central securities depositories commit to work on T2S
US's Barr: hedge fund advisers must register
US Treasury's Michael Barr on the Obama administration's proposed hedge fund legislation
Central Bank of Ireland – Annual Report 2008
Central Bank and Financial Services Authority of Ireland's John Hurley on Irish banks' balance sheets
Bagehot 's tenets needs to be revised
New York Federal Reserve investigates whether Bagehot’s 19th lender-of-last-resort doctrine still applies
Italy’s Visco : target global imbalances
Bank of Italy’s Ignazio Visco says that macroeconomic imbalances must be taken care of
Czechs unconvinced by EC regulatory revamp
Czech National Bank strongly criticises the European Commission’s proposal for financial supervision
Thailand’s Watanagase on financial inclusion
Bank of Thailand’s Tarisa Watanagase on improving financial inclusion
UAE’s Al Suwaidi: we could buy more Dubai debt
Governor Sultan bin Nasser Al Suwaidi indicates central bank may purchase more Dubai bonds after buying $10 billion-worth of debt from the emirate earlier this year
Ex-SEC heads look to limit Fed’s powers
An investor group chaired by two former SEC chairmen says Fed should not be granted responsibility for systemic risk
Korea should improve management in light of recession
Bank of Korea’s Seongtae Lee says that central bank will enhance management practices for pubic benefit
European Central Bank – July Monthly Bulletin
ECB calls on euro-area governments to prepare fiscal exit strategies
Trichet says toxic clean-up needed
European Central Bank’s Jean-Claude Trichet says dealing with toxic assets is key to credit availability
Central counterparties for CDS compared
Ad hoc industry group comprising both buy-side and sell-side publishes report on credit-default-swap central counterparties
Malaysia’s Zeti on international integration of Islamic finance
Bank Negara Malaysia’s Zeti Akhtar Aziz on factors important for sustaining the internationalisation of Islamic finance
Basel II enhancements released
Basel Committee on Banking Supervision announces revisions to supervisory framework and rules on trading-book capital
Forged euro notes surge by 17%
Counterfeit banknotes seized in first half of this year have face value of €19.3m
Lender recourse increases the likelihood of default
Richmond Federal Reserve shows the impact of lender recourse on mortgage defaults
Estonian stability report gloomy
Bank of Estonia’s latest Financial Stability Report warns risk outlook has worsened
New Zealand issues risk guidelines for non-banks
Reserve Bank of New Zealand expands focus of risk-management rules beyond banks
Fed’s Greenlee: further stress testing needed
Federal Reserve’s Jon Greenlee says that many institutions would benefit from additional stress testing
A multi-tasking central bank responds better
Reserve Bank of India’s Usha Thorat says that its multiple objectives enhanced performance in the face of global crisis
Buba’s Fabritius questions Berlin’s commitment to Sepa
Bundesbank’s Hans Fabritius queries Berlin’s commitment to Single Euro Payments Area
PNG’s Kamit on how to reap benefits of microfinance
Bank of Papua New Guinea’s Wilson Kamit says that microfinance should go hand-in-hand with improvements to financial literacy