Financial Stability
European Central Bank - Monthly Bulletin August
European Central Bank’s Monthly Bulletin justifies keeping key rates on hold
FSA issues code on bank bonuses
UK Financial Services Authority releases rules on bankers’ remuneration policies
Canada’s Carney: new capital requirements needed
Bank of Canada’s Mark Carney on building a more resilient financial system
IMF plays down quantitative-easing fears
International Monetary Fund says evidence on the effectiveness of Bank of England’s quantitative easing is moderately encouraging
ECB looks to soothe deflation fears
European Central Bank’s Jean-Claude Trichet and Lucas Papademos comment on the Governing Council’s decision to keep the key interest rates unchanged
Dubai to set up new Middle East payments system
Dubai enacts law to enable the establishment of real-time payments system for the Middle East and North Africa
S&P downgrades Latvia, Estonia
Latvia’s and Estonia’s long-term sovereign ratings downgraded, Lithuanian rating’s outlook put on negative watch
ECB consults on payment scheme oversight
Eurosystem publishes draft standards for assessing direct debit and credit transfer schemes
Swap lines had crucial impact: Aizenman
Joshua Aizenman, an economist, on the importance of emerging-market foreign-exchange swap lines during the crisis
Ocampo proposes move to fully SDR-based IMF
José Antonio Ocampo on reforming the global reserve system
France’s Landau on Glass-Steagall’s relevance
Banque de France’s Jean-Pierre Landau addresses robustness of complex financial systems
Effects of collateral constraints on house prices unclear
Bank of Finland looks at effect of housing markets on economies
New ECB payments head to chair eurosystem committee
Daniela Russo to head Payment and Settlement Systems Committee as well as ECB department
Kenya to step up supervision: Ndung’u
Central Bank of Kenya’s Njuguna Ndung’u on strengheting supervisory tools
New York Federal Reserve – Annual Report 2008
New York Federal Reserve’s Annual Report shows its balance sheet tripled in the past year
No link between capital flight and manufacturing credit
International Monetary Fund examines whether capital inflows affect the impact of the global turmoil on credit conditions for a country’s manufacturing sector
Japanese more aware of BoJ stability role
Bank of Japan publishes the results of the Opinion Survey on the General Public's Views and Behavior
Fed enhancing large institutions’ oversight: Tarullo
Federal Reserve’s Daniel Tarullo says supervision of large institutions to get a new boost
Interest rate corridor for Pakistan
State Bank of Pakistan to change its policy rate structure
BoE publishes semi-annual FX survey
Bank of England finds traditional UK foreign-exchange turnover fell by almost a fifth
Bank of Estonia – Annual Report 2008
Bank of Estonia’s Andres Lipstok says adopting euro would increase foreign investors’ confidence in the domestic economy
High excess reserves levels not a Fed policy feedback
New York Federal Reserve says level of excess reserves say nothing about Fed’s policies’ impact
Malaysia’s Mohd Razif on strengthening Islamic finance
Bank Negara Malaysia’s Mohd Razif bin Abd Kadir says new Shariah-compliant commodity sales house will strengthen Malysia’s role in Islamic finance
SF Fed economist cautions on early warning systems
San Francisco Federal Reserve’s Mark Spiegel says suggested indicators would not have predicted crunch