Financial Stability
Olympic banknotes spark queues in Hong Kong
The release of special banknotes to mark the Beijing Olympics has prompted queues outside the Bank of China's Hong Kong branches.
Fed will lend to Fannie and Freddie
The Federal Reserve has authorised the New York Federal Reserve to lend to Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that insure half of the US's home loans.
FDIC seizes Californian bank
The Federal Deposit Insurance Corporation (FDIC), a US regulator, has taken control of IndyMac, a California-based lender with total assets of $32 billion.
UAE speeds up cheque processing
The Central Bank of the UAE has introduced a new cheque-clearing system that will vastly reduce the time taken to process cheques.
BoE's Jenkinson on innovation and risk
Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England, highlighted a number of frictions and market imperfections that lower the effectiveness of financial innovation.
ECB publishes payment systems report
The European Central Bank (ECB) on Friday released its first payments systems and market infrastructure oversight report.
Number of counterfeit euro notes surges
The number of counterfeit banknotes recovered in the eurozone soared by 5.4% in the first half of 2008, the European Central Bank (ECB) said on Thursday.
Chicago Fed investigates payments fraud
The Chicago Fed has published a note assessing the debate over payments systems fraud.
Canada calls time on money injections
The Bank of Canada has said it will withdraw liquidity from the system on signs that money-market tensions are abating.
SARB mints Mandela coin
The South African Reserve Bank has issued a R5 (64) coin to commemorate the 90th birthday of Nelson Mandela, a former president and anti-apartheid campaigner.
Europe's payments revolution is slow going
The number of payments made using the new SEPA (Single Euro Payments Area) credit transfer have been "very low", admitted Gertrude Tumpel-Gugerell, an executive director at the European Central Bank.
RBI issues draft mobile guidelines
The Reserve Bank of India issued a consultation document on mobile payments in June.
ECB's Tumpel hails "encouraging" replies to T2S
Responses from Europe's settlement houses to an invitation to join the European Central Bank's settlement initiative, T2S, have been "encouraging" said Gertrude Tumpel-Gugerell, an executive director at the ECB, two days ahead of the deadline for replies.
Banknote supplier halts deliveries to Zimbabwe
The dire political situation in Zimbabwe has prompted Giesecke & Devrient, a German banknote supplier, to stop delivering banknote paper to the Reserve Bank of Zimbabwe.
Fed posts Bear Stearns meeting minutes
The Federal Reserve has made public the minutes of its meetings on the future of Bear Stearns.
RBA publishes payment systems reform responses
The Reserve Bank of Australia has released the public responses to its latest review of the reform of Australia's payments system.
UK Treasury publishes financial stability reforms
The UK Treasury on Tuesday further outlined plans to strengthen financial stability and protect depositors.
Bank and FSA not to blame for Rock: Lord George
Lord Edward George, a former governor of the Bank of England and a director at the Bank for International Settlements (BIS), believes that Northern Rock's management was responsible for the collapse of the mortgage lender.
NZ's Bollard wary of calls for cyclical policy
Alan Bollard, the governor of the Reserve Bank of New Zealand, discusses the threat of recession, the central bank's new liquidity rules, and dealing with the procyclicality of credit cycles
India's Reddy champions growth for all
Economic growth should only be an objective of the Reserve Bank of India if wealth creation is inclusive, says Y.V. Reddy, the governor of the central bank
How Asia's banks rode out the credit crisis
Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, explains why Asia's banks have emerged unscathed from almost a year of financial tumult
Estonia circulates improved notes
The Bank of Estonia on Thursday released into circulation new EEK25 ($2.52) and EEK500 ($50.30) notes with enhanced security features.
Ten trends in large-value payment systems
A new paper published by the New York Federal Reserve highlights ten trends in the development of large value payment systems worldwide.
Cross-border payments in Europe
A survey carried out by the Netherlands Bank finds that Dutch consumers pay differently for their cross-border purchases than for their domestic purchases.