Financial Stability
IMF: dollarisation minimises central bank functions
IMF paper offers guidance on dollarisation of currency using past experiences
Buba’s Weber: global talks on finance framework essential
Bundesbank President Axel Weber seeks international solution to financial reform using G20 meetings as platform
Shirakawa slams inflation-targeting 'fixation'
Bank of Japan governor blames single-minded use of inflation targets for the growth of credit bubbles, says price levels alone do not show health of the economy
Poland succumbs to political pressure and pays more into state coffers
National Bank of Poland could pay almost twice the amount originally offered
US Senate finds rating agencies influenced by banks
Inquiry says conflict of interest between agencies and their customers did influence ratings of mortgage-backed securities
Initial optimism on Greek bailout may falter
Marco Annunziata, the chief economist at UniCredit, examines the reaction to, and implications of, the Greek bailout
Abandon your ‘furious’ lobbying: Obama to banks
Obama warns banks’ lobbyists off descending on the Hill; laments Republican attacks
Cross-border lending extends slump: BIS
Bank for International Settlements says international lending fell by $385 billion in last three months of 2009, figures reveal fifth consecutive quarterly drop
Elderfield: bank recapitalisation costs manageable
Central Bank of Ireland head regulator suppresses fears over banking costs
Plosser slams Senate proposals on Fed reforms
Philly Fed president Charles Plosser criticises recent Senate bill for politicising Fed appointments
Hungary discovers further risks to economy
National Bank of Hungary report identifies stability threats
US authorities reveal new souped-up $100 note
Tilt security features for first time; Benjamin Franklin still the face of hoarders' favourite
Swiss tighten liquidity rules for biggest banks
Swiss Financial Market Supervisory Authority and the Swiss National Bank clamp down on UBS and Credit Suisse through stricter liquidity regime
Fund calls for two taxes on banks
Leaked IMF interim report suggests a broad levy, and a profits and salaries tax as contingency against the risk of future government bailouts; rejects Tobin tax idea
France names top brass for new financial regulator
Deputy general secretaries for Autorité de Contrôle Prudentiel announced
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
Weber denies mooting €80 billion figure for Greek bailout
Bundesbank president Axel Weber says the figure came from previous Greek estimates
The forces of darkness overwhelm bank reform
Banks’ lobbying and politicians’ arguments against the Dodd regulatory reform bill are lamentable, Robert Pringle writes
Caruana: integration essential to global framework
Bank for International Settlements general manager Jamie Caruana draws on importance of financial integration in forming new global framework for financial system
Buba's Weber says Greece will need up to €80 billion: reports
Bundesbank president Axel Weber reportedly tells German parliamentary group Greek bailout costs could soar
Iceland's Guðmundsson laments lack of progress in regulation
Icelandic central bank governor says the promised regulatory overhaul has yet to transpire and institutions still do not have all necessary information to prevent a collapse
Greece takes grudging step towards bailout
Greek government initiates procedures concerning proposed $40 billion rescue with eurozone and IMF, problems anticipated in joint effort
Bank of Canada highlights requirements for global recovery
Study shows a rebalance in global current account necessary for sustainable growth
EU finance chiefs to mull creditor haircuts
European finance ministers will discuss proposals to dock uninsured creditors and adopt instruments that convert debt to equity in distress at informal meeting on Saturday