Financial Stability
NYFed hosts CDS powwow
The Federal Reserve Bank of New York has hosted a meeting of global regulatory authorities for credit-default swap central counterparties as part of a new concerted effort to formalise the trading and processing arrangement for the market.
Strike brings Indian markets to a halt
The majority of the Reserve Bank of India (RBI) staff held a one-day strike on Friday, resulting in significant disruptions to the country's financial markets.
Financial order changing - Macedonia's Goshev
The global financial crisis is going to reshape the international financial architecture, said Petar Goshev, the governor of the National Bank of Macedonia.
Lessons from Japan
Thomas Cargill analyses what the American authorities can learn from Japan’s lost “decade and a half”
What the Icelandic collapse taught us
The reduction of a bloated banking sector presents an opportunity for a return to balanced growth, argues Tryggvi Thor Herbertsson
Of currencies, crises and completions
The crisis presents an opportunity to complete Europe’s journey towards a true monetary union, argues John Nugée
Bank of Japan to buy up corporate paper
The Bank of Japan announced plans to spend up to one trillion yen ($10.6 billion) in outright purchases of corporate paper in a bit limit the damage from "severe" financial and economic conditions.
What payments experts have learned
Payments experts have learned a lot about liquidity risk and lender of last resort from the crisis, explained Daniel Heller, the new head of the influential CPSS Secretariat in Basel.
Bahrain's Al-Majar: forex swaps valuable
The establishment of a foreign-exchange swap facility is a key initiative in Bahrain's effort to address the current financial turmoil, said Rasheed Al-Majar, the governor of the Central Bank of Bahrain.
Greenspan: nationalise but protect bondholders
Alan Greenspan, a former Federal Reserve chairman regarded as one of the foremost proponents of free markets, has conceded that some American banks may need to be nationalised.
Banking will never be the same: BoE's Besley
The credit crisis has irrevocably and fundamentally altered the banking system and its regulation, Tim Besley, a member of the Bank of England's Monetary Policy Committee, has said.
Pakistan calls for second IMF loan
Islamabad is to ask the International Monetary Fund (IMF) for a second multi-billion dollar loan to temper the impact of its counter-terrorism measures on its already-fragile economy. News of Pakistan's request follows the Fund's announcement on Friday…
Look to Stockholm for bailout tips: Cleveland Fed
A Cleveland Federal Reserve study has urged officials to follow Sweden's lead in resolving the financial crisis.
Crisis must prompt risk-management reassessment
A new wave of transformation in the standards of risk management is now a priority, Andrew Haldane, the executive director responsible for financial stability at the Bank of England, has said.
Aussie FX market strong despite stutter
The Australian foreign-exchange market has performed relatively well despite a high degree of turbulence, said Chris Ryan, the head of the international department at the Reserve Bank of Australia.
Payments systems and the crisis
Ron Berndsen, who heads the payments oversight department at the Dutch central bank, assesses the impact of the crisis on the financial "plumbing".
Reactions to Tarp 2
Initial reaction on the new financial industry bailout plans announced on Tuesday, suggest that investors and observers are underwhelmed by the lack of details available at this stage and fear that the measures will continue to fall short of the…
China's financial liberalisation success
Liberalisation of China's financial system reduced its vulnerability, posits a new paper from the Hong Kong Monetary Authority.
Asian crisis, culture sparked imbalances: Zhou
The Asian financial crisis and a number of cultural factors triggered the build up in global imbalances seen as the underlying cause of the current crisis, Zhou Xiaochuan, the governor of the People's Bank of China, has said.
Geithner unveils sweeping Tarp overhaul
Timothy Geithner, the secretary of the US Treasury, has announced plans to take up to $500 billion in bad assets off the books of struggling banks and expand the Federal Reserve's programme to support asset-backed securities to $1 trillion from the…
A setback for European payments
Terry Dirienzo, product and marketing director for Experian Payments, a consultancy, bemoans a French suspension of work on the Single Euro Payments Area (Sepa).
Buba's Weber on market transparency
Transparency-enhancing regulation is needed to restore confidence among market participants, said Axel Weber, the president of the Bundesbank.
What to look for in Tarp II
Tim Geithner, the US Secretary of the Treasury, has delayed unveiling the plans for the next steps in administration's financial bailout programme until Tuesday. Here is a summary of the new steps that could be announced tomorrow.
Embattled Oddsson goes on the offensive
David Oddsson, the under-fire chairman of the board of governors at the Central Bank of Iceland, hit back at a letter sent last week by the prime minister calling for him to resign.