Financial Stability
On the record: Lawrence Summers
Lawrence Summers offers his reflections on global account imbalances and reserve accumulation in emerging markets.
Sweden's Ingves on cash management
In the speech 'Cash management - an important social issue' given on 26 April Stefan Ingves of the Sveriges Riksbank said one of the Riksbank's tasks is to promote a safe and efficient payment system.
Nacha honours Fed vice chairman Roger Ferguson
The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger Ferguson, Vice Chairman of the Federal Reserve, who is completing his service to the Federal Reserve and the U.S. payments system on 28…
How/why do consumers choose their payment methods?
In this Kansas City Fed RWP Stacey Schreft takes a detailed look at the state of research on this subject, where research needs to go, and why such research is important for monetary policymakers and banking regulators.
SARB launch Vision 2010 for payment system
The South African Reserve Bank (SARB) on Thursday 20 April launched a document containing strategic guidelines for the national payment system.
Mario Draghi to succeed Roger Ferguson at FSF
Following consultations within the Financial Stability Forum's (FSF) membership, the G7 Finance Ministers and central bank Governors on Monday 24 April confirmed their support for the designation of Mario Draghi as Chairman of the FSF.
Fed's Ferguson warns over shock potential
U.S. Federal Reserve Vice Chairman Roger Ferguson on Saturday 22 April cautioned that the tranquillity of financial markets in recent years does not mean that they were not vulnerable to more severe shocks.
Fed to consolidate payments system committees
The Federal Reserve Board announced on Wednesday 19 April the consolidation of two internal advisory committees on payments system matters.
Ferguson on financial stability & central banking
In the speech 'Thoughts on financial stability and central banking' given on 17 April Roger Ferguson of the Federal Reserve said asset price volatility may have increased in recent years as real economic shocks have moderated, but central banks should…
IMF Global Financial Stability Report, April 2006
The International Monetary Fund published its Global Financial Stability Report for April 2006 on 11 April. World financial markets have strengthened but cyclical challenges are emerging from the prospect of higher interest rates and an unwinding of…
Comment: The IMF's Global FSR
The IMF yesterday unveiled its latest Global Financial Stability Report at the Bank of England head office in London. "The near-term outlook is as good as it gets," Gerd Hausler, director of the IMF's capital markets unit, said at the press conference.
Chicago's Moskow on central counterparty clearing
In the speech 'Public policy and central counterparty clearing' given on 4 April Michael Moskow of the Federal Reserve Bank of Chicago said new clearing arrangements are emerging all the time.
Fed's Kroszner on central counterparty clearing
In the speech 'Central counterparty clearing: History, innovation, and regulation' given on 3 April Randall Kroszner of the Federal Reserve said in recent years, public policymakers have demonstrated growing interest and concern about the effectiveness…
Bank of Canada to upgrade $5 banknote
The Bank of Canada on Tuesday 4 April announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes.
ECB's Trichet on central counterparty clearing
In the speech 'Issues related to central counterparty clearing' given on 4 April Jean-Claude Trichet of the ECB said market forces need a sound legal, regulatory and oversight basis to work efficiently.
Overhaul enhances Sri Lanka's standing in world
According to this article published on Tuesday 28 March, prominent among Sri Lanka's economic and financial reforms in the last two decades was the creation of a modern sophisticated payments infrastructure.
RBI's Reddy on financial sector reform
In the speech 'Financial sector reform and financial stability' given on 10 March YV Reddy of the Reserve Bank of India ruled out speeding up the pace of external financial sector liberalisation.
RBA Financial Stability Review, March 2006
The Reserve Bank of Australia published the March 2006 edition of its Financial Stability Review on Tuesday 28 March. Recent developments have been largely favourable from a financial stability perspective, according to the latest Review.
Sweden's Nyberg on financial reforms
In the speech 'Financial reforms and financial crises - Swedish experiences' given on 27 March Lars Nyberg of the Sveriges Riksbank said it is dangerous to use regulations to limit competition in the banking sector.
Leading Sepa expert joins Voca from ECB
Voca, the provider of payment services to banks and corporates, announced on Wednesday 22 March that it has appointed Erik Mansson as Director of European Business Development.
CBN Comment on UK Budget
Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.
RBNZ's Orr on financial stability in New Zealand
In the speech 'Towards a framework for promoting financial stability in New Zealand' given on 22 March Adrian Orr of the RBNZ said the financial system is critical to the future growth of the New Zealand economy.
Memorandum of Understanding on financial stability
HM Treasury, the Bank of England and the Financial Services Authority on Wednesday 22 March jointly published an updated Memorandum of Understanding for Financial Stability.