Financial Stability
Banks and their profits will shrink: Buba’s Weber
Bundesbank president says industry will benefit from post-crisis blood-letting
World Bank unit launches $5 billion bad-debt fund
Debt and Asset Recovery Program (DARP) will debt and asset recovery in both middle income countries and in smaller, poorer developing countries
How to drive debt long-termism in emerging markets
World Bank’s studies the extent of emerging-markets’ domestic demand for long-term debt instruments
Much more to be achieved in regulation: Trichet
ECB President outlines the priorities for legislators
BoJ says institutions must manage risk better
BoJ’s September Financial System Report outlines the four key challenges faced by Japanese financial institutions
Bernanke calls for extended supervisory reach
Ben Bernanke’s five-point plan for regulatory reform includes call to share accountability for systemic risk with other regulators
UK Households face lending constraints – survey
The Bank of England’s quarterly survey shows lending to households has declined, but credit is increasingly available to the corporates
Imbalances: this time it's different, says Blanchard
International Monetary Fund sees growth recovering to 3% next year but warns that without imbalances fix, long-run picture remains bleak
Recovery underway, but risks remain – IMF
Global Financial Stability Report cuts financial loss projection
Fed outlines tougher cards regime
Federal Reserve proposes changes to Regulation Z to protect consumers
Bank’s Miles confident on quantitative easing
QE working and will end when circumstances dictate, says MPC member
Banks’ funding models to blame for the crunch
ECB Executive Board member Gertrude Tumpel-Gugerell says funding switch weakened banks, complex instruments alone not the cause of the crisis
House prices influence rate setting – Norway’s Gjedrem
Norges Bank’s Svein Gjedrem says equity and property prices influence monetary policy in Norway
India’s Chakrabarty wants better global governance
Reserve Bank of India’s Kamalesh Chakrabarty calls for a global governance system to reflect needs of emerging and developing countries
Wanted: paranoid and unpopular central bankers
Panel says central bankers must look for risk everywhere and be prepared to implement unpopular policies to prevent the next crisis
Communication in a crisis: some thoughts for central bankers
Citing the case of Northern Rock, Geoffrey Wood, a professor of economics at Cass Business School, calls for central banks to better prepare for their communications on financial stability
We won’t shore up money markets indefinitely: Trichet
European Central Bank president says its too early to exit, but warns “exceptional measures” must be phased out
Focus on incentives: Japan’s Yamaguchi
Bank of Japan’s Hirohide Yamaguchi says incentives must be analysed to prevent future crises
Review, reflect and reaffirm: Canada’s Carney
Bank of Canada’s Mark Carney notes improvement in economic conditions but emphasises the need to remain alert
G20 pledges to tackle imbalances
Global imbalances take precedence over regulation in regulation in communiqué
Bank publishes payments oversight rules
Bank of England extends Core Principles in checklist for how payments systems should be run post-crisis
Volcker: narrower role would make Fed too detached
Paul Volcker says removing supervision from Fed’s ambit would risk turning central bank into “academic seminar”
IMF should move to Europe: ex research head
Simon Johnson suggests switching headquarters to Europe as means to break deadlock on quotas
Interventions helped creditors not shareholders
Bank for International Settlements reviews market reaction to bank rescue packages during the crisis