Financial Stability
India tightens loan-to-value ratios
Reserve Bank of India sets out higher loan-to-value ratios on housing loan exposures; central bank also hikes as inflation, inflation expectations, remain high
Bundesbank’s Dombret calls for international effort to close information gaps
Bundesbank executive board member Andreas Dombret says international approach will address information gaps in shadow banking sector
Bank’s Tucker: all EU countries should have resolution regime
Bank of England deputy governor Paul Tucker calls for national resolution regimes
Abandon theory, Sheng urges central bankers
Andrew Sheng says current generation of central bankers became so enamoured with models they missed bigger picture; says there will be a great need for discretion, not rules, in future
Bini Smaghi attacks watered-down EU fiscal sanctions
European Central Bank executive board member Lorenzo Bini Smaghi criticises EU proposals to have option to apply veto on excessive deficit sanctions
Sigtarp criticises Treasury's bailout accounting
AIG investment cut from $45 billion loss to $5 billion loss following accounting change, report claims
Bank on payment splitting
Bank of England study shows quantity of liquidity necessary to settle payment depends on threshold for payment splitting
BIS investigates drivers in US stock market
Bank for International Settlements study says changes in expected excess returns on dividends main driver of US stock market
Korea’s Kim says volatile capital flows can be suppressed
Bank of Korea governor Kim Choong-soo says sound macroeconomic policies can mitigate volatile capital flows
Canada’s Carney: recovery to weaken
Bank of Canada governor Mark Carney forecasts subdued growth as economy enters next phase of recovery
Credit information could be misused, says Uganda’s Tumusiime-Mutebile
Bank of Uganda governor Emmanuel Tumusiime-Mutebile calls for law on credit data protection
IMF programme helped Iceland’s finances: Guðmundsson
Central Bank of Iceland governor Már Guðmundsson says gross foreign exchange reserves in much better shape after IMF programme
Central banks, markets must cut ratings reliance: FSB
Financial Stability Board publishes principles to roll back the influence of credit ratings agencies
Homogeneous regulations could contribute to risk, says former Brazil central bank chief
Arminio Fraga warns about the use of globally standardised methodologies for regulatory capital, as well as the dangers of multiple central counterparties
Basel III could have softened crisis: BIS's Caruana
Bank for International Settlements general manager Jaime Caruana says crisis could have been very different had Basel III framework been in place
Iceland’s Sighvatsson calls for gradual removal of capital controls
Central Bank of Iceland deputy governor Arnór Sighvatsson says removal of capital controls in Iceland depends on investment in export sectors
Bank to increase £5 notes in circulation
Bank of England will increase number of smallest banknotes in circulation; will also increase number of automated tellers dispensing the note
EPC chairman 'shocked' at Brussels' 'competing' Sepa schemes
European Payments Council chair slams European Commission's willingness to allow operation of multiple, national Sepa schemes; says plan would thwart aims of Sepa
Thailand’s Bandid on macroprudential policy
Bank of Thailand deputy governor Bandid Nijathaworn stresses need to distinguish macroprudential policy from capital controls; points to difficulty in identifying triggers
Avoid too many rules on CoCo bonds: BoJ research
Bank of Japan paper says design of contingent capital instruments should not be overregulated; issuance should be encouraged owing to positive externalities
Bank of England – Asset Purchase Facility Quarterly Report (Q3 2010)
Bank of England quarterly report on $316 billion facility finds growing stability in corporate funding commercial paper markets
Islamic liquidity facility set to open in first half of 2011
Bank Negara Malaysia governor Zeti Akhtar Aziz says she hopes International Islamic Liquidity Management Corporation will open for business by June
Global payment volumes grow 9%
Payments withstand financial crisis, spurred by surge in non-cash payments in some developing countries
Fed and Equens open transatlantic payment channel
Federal Reserve-operated ACH and Dutch-German payments processor connect US to 22 countries in Europe for low-value payments in dollars, euros and sterling