Financial Stability
Fed's Kohn on financial stability & policy issues
In the speech 'Financial stability and policy issues' given on 16 May Donald Kohn of the Federal Reserve said the explosive growth of the credit derivatives market has helped spread risks, but also created new channels to transmit shocks to the economy.
Swaziland to introduce RTGS system
The Central Bank of Swaziland announced Wednesday 16 May that it will soon be introducing a Real Time Gross Settlement (RTGS) system at the beginning of June 2007.
ECB's Tumpel-Gugerell on the new SEPA landscape
In the speech 'The new SEPA landscape from vision to reality (and back)' given on 15 May Gertrude Tumpel-Gugerell of the ECB said the future looks bright - and the SEPA landscape has all the potential to become a good place to be.
Kansas Fed papers: Nonbanks in payments system
The Federal Reserve Bank of Kansas City has published preliminary papers from the "Nonbanks in the Payments System: Innovation, Competition, and Risk," conference held May 2-4 in Santa Fe, N.M.
Sri Lanka's new governor takes on inflation
Nick Carver spoke with the Ajith Nivard Cabral, governor of the Central Bank of Sri Lanka
ECB's TARGET Annual Report 2006
According to the European Central Bank's TARGET Annual Report 2006, TARGET continued to be the backbone of the euro money market in 2006.
Fed's Kroszner on the future of payments
In the speech 'The future of payments: Challenges and opportunities' given on 10 May Randall Kroszner of the Federal Reserve said the rapid switch by consumers and businesses to electronic banking poses a new tradeoff between security and convenience.
IMF Paper: Global imbalances & financial stability
This IMF Working Paper discusses two opposing views on global imbalances: The "traditional view", which regards the imbalances as a threat to global economic and financial stability, and the "new paradigm" view.
ECB's Tumpel-Gugerell on making SEPA a reality
In the speech 'Making SEPA a reality - Involving the public sector in the Single Euro Payments Area' given on 8 May Gertrude Tumpel-Gugerell of the ECB said she is convinced that public administrations should remain competitive in an increasingly…
RBNZ Financial Stability Report, May 2007
The Reserve Bank of New Zealand published its May 2007 Financial Stability Report on 9 May. RBNZ governor Alan Bollard said that New Zealand's financial system has continued to be stable.
RBA's Lowe on non-banks in the payments system
In the speech 'Non-banks in the payments system: A central bank perspective' given on 4 May Philip Lowe of the RBA said our approach to oversight has focused on the various functions involved in making a payment from one person to another.
ECB's Tumpel-Gugerell on modernising payments
In the speech 'Modernising payments: 'no pain - no gain'' given on 4 May Gertrude Tumpel-Gugerell of the ECB said Europe has already made significant progress on modernising the payment industry, with the SEPA project constituting a key driver for change.
NY Fed's Geithner says flexible rates better
Federal Reserve Bank of New York president Timothy Geithner said on Friday 4 May in a speech that flexible exchange rates allow emerging countries to handle global economic swings better.
Uganda's central bank redesigns website
The central bank of Uganda has launched a redesigned user-friendly website with updated information on key financial indicators at a cost of $49,000.
NY Fed issues hedge fund warning
In what Reuters describes as its "sternest warning to date" on the state of the hedge-fund business, the Federal Reserve Bank of New York said Wednesday 2 May that the funds could represent the biggest risk for a financial crisis since 1998.
ECB says planning new card payment oversight
The European Central Bank said on Thursday 3 May it is proposing a new cross-border framework to oversee all payment card systems using the euro.
Iceland's Oddsson on the commercial banks
In the speech 'The commercial banks are more resilient' given on 25 April David Oddsson of the Central Bank of Iceland said the crucial factor behind the central bank's assessment that the financial system is now more resilient to shocks is the banks'…
The rise of the polymer
Nick Carver looks on the development of a viable alternative to paper banknotes
Why central banks should look at liquidity risk
Recent legal and market developments have alerted public authorities and industry bodies to the perils of liquidity risk risk, write Stefan W. Schmitz and Andreas Ittner
Interview: Ajith Nivard Cabraal
In an exclusive interview, the governor of the Central Bank of Sri Lanka discusses recent developments in monetary policy and the possible introduction of inflation targeting
SARB Financial Stability Review, March 2007
The South African Reserve Bank published the March 2007 edition of its Financial Stability Review on 25 April. In its latest report the SARB said the South African financial system was assessed as sound, with overall confidence in the financial services…
Central Bank of Iceland, Financial Stability 07
The Central Bank of Iceland published its Financial Stability Report for 2007 on 25 April saying the crucial factor behind the Central Bank's assessment that the financial system is now more resilient to shocks is the banks' stronger liquidity and equity…
Hedge funds pose financial stability risks - Noyer
Bank of France governor Christian Noyer said in a speech at a Bundesbank conference Friday 27 April financial innovation is partly to blame for the unstable growth in eurozone M3 money supply.
ECB launches consultation on TARGET2
Following its announcement on 8 March, the Governing Council of the European Central Bank decided on Thursday 26 April to launch a public consultation on the general principles and the set of high-level proposals defining the nature and scope of TARGET2…