Financial Stability
Palestine launches new RTGS system
Palestine Monetary Authority Real-Time Gross Settlement system allows for developments in online and mobile banking
Weaker growth led Israel to hold rates
Bank of Israel report shows poor terms of trade led to weaker growth outlook ahead of rate setting meeting
Emerging markets must rethink exchange rate strategy: Thailand's Trairatvorakul
Bank of Thailand governor Prasarn Trairatvorakul says new era of globalisation will require changes to domestic policy
RBI reopens second liquidity line to prevent credit squeeze
Reserve Bank of India introduces second liquidity adjustment facility after growth in government savings absorbs liquidity in money markets
Fed's Fisher lambasts QE2
Dallas Fed president Richard Fisher claims QE2 will not create jobs, just spur speculation; comments highlight threats to Bernanke consensus when Fisher and others become FOMC voters in 2011
Japan’s recovery stalling: BoJ
Bank of Japan’s Monthly Report of Recent Economic and Financial Developments November 2010 says Japanese recovery is losing momentum
Philippines’ Tentangco on launch of new ATM project
Central Bank of the Philippines governor Amando Tetangco says new ATM project will create more compatibility
Michael Bordo: Fed failed as lender of last resort
Federal Reserve did not fulfil its role as lender of last resort
India’s PM backs QE2
Backing from Manmohan Singh follows attacks from other emerging markets
Debt restructuring framework for Europe essential: Deutsche Bank
Deutsche Bank co-head of European economic research Mark Wall says officials must create credible restructuring mechanism for eurozone sovereigns
Senators call for 'vigorous' enforcement of Volcker rule
Carl Levin and Jeff Merkley urge FSoc to follow “statutory intent” of rule to limit proprietary trading; define key terms and supervisory approach
IMF: stricter ring-fencing creates greater incentive to build capital buffers
Fund study shows that policies to employ stricter ring-fencing on bank subsidiaries requires them to hold larger capital buffers
Bank of Italy’s Visco says Europe needs long term debt resolution plan
Bank of Italy deputy director general Ignazio Visco says successful fiscal consolidation in Europe will require voter backing
Zhou, Meirelles attack QE2
Central Bank of Brazil president Henrique Meirelles and People's Bank of China governor Zhou Xiaochuan bash Federal Reserve’s latest stimulus programme
Risk USA: Paulson refused to save Lehman over 'bailout guy' characterisation
Former White House economist details civil war between Bush administration and US Treasury
BoJ’s Shirakawa warns of spillovers from emerging markets
Bank of Japan governor Masaaki Shirakawa says financial excesses in emerging markets could lead to further global imbalances
FSB opens up to non-members with outreach proposal
Financial Stability Board to set up regional consultative groups to give non-members a presence in regulatory debate; move goes only half the way to correcting imbalance, DIFC chief economist says
New Fed office to aid stability, macroprudential efforts
Federal Reserve sets up financial stability policy office to coordinate institution-wide analysis on stability risks; J. Nellie Liang named director of office
Hong Kong will not abandon dollar peg: HKMA’s Chan
Hong Kong Monetary Authority chief executive Norman Chan says central bank will maintain dollar peg
Interview: Linah Mohohlo
The governor of the Bank of Botswana talks about how the country avoided the resource curse and efforts to develop its financial markets.
Bank’s Tucker: Basel III not rigorous enough
Bank of England deputy governor Paul Tucker says framework will need to be supplemented
DSK: surplus countries can rebalance growth
IMF managing director Dominique Strauss-Kahn says addressing global imbalances requires shift in surplus countries’ growth drivers
FSB sets out markers for intense, effective supervision of Sifis
FSB issues recommendations to shape top notch oversight of systemically important financial institutions; calls for expansions, clarifications to core Basel principles
Ex-Bank’s Lomax attacks government over cutbacks
Former MPC member Rachel Lomax lambasts climate of fear promulgated by Britain’s coalition government in order to pave the way for fiscal retrenchment