Financial Stability
ECB's Tumpel-Gugerell on payment systems
In the speech 'Drivers for change in payment and securities settlement systems' given on 9 June Gertrude Tumpel-Gugerell of the ECB said exploiting technological innovation can be an important means of saving costs, which is a pressing need in the…
ECB publishes SIPS report
On 31 May 2006, the Governing Council of the European Central Bank (ECB) approved the "Business continuity oversight expectations for systemically important payment systems (SIPS)" report (published Friday 9 June).
ECB's Tumpel-Gugerell on SEPA
In the speech 'What is the outlook for the Single European Payments Area (SEPA)?' given on 7 June Gertrude Tumpel-Gugerell of the ECB said the project is on track and many hands are needed for making the SEPA vision reality.
Launching of Bloomberg e-bond trading system
With the support of the Central Bank of Sri Lanka and the Primary Dealer community, Wednesday 7 June, Bloomberg officially launched its e-bond trading system in Sri Lanka.
Norges Bank Financial Stability Report No.1, 2006
The central bank of Norway, Norges Bank, published its twice yearly Financial Stability Report 1/2006 on 6 June. The overall outlook for financial stability is considered to be satisfactory, said deputy governor of Norges Bank Jarle Bergo.
Comment: Sharing the cost of banking crises
The need for an ex-ante commitment to sharing the cost of cross-border banking crises in Europe is suggested in a speech by Eva Srejber and a paper by Charles Goodhart and Dirk Schoenmaker. But is it feasible?
Norges Bank's Annual Report on payment systems 05
Changes in the use of different payment instruments have resulted in a further increase in the efficiency of the Norwegian payment system, said Deputy Governor Jarle Bergo when he presented the Annual Report on Payment Systems at a press conference on 31…
Costa Rica selects OpenLink's Findur
OpenLink, a leading provider of financial and commodity trading, risk management, and operations processing software solutions, announced Monday 5 June that Costa Rica's central bank, Banco Central de Costa Rica (BCCR), has licensed Findur, the company's…
Danmarks Nationalbank, Financial Stability 2006
Denmark's central bank published its Financial Stability report for 2006 on Friday 2 June. According to the report, Denmark is currently enjoying favourable economic conditions.
Sveriges Riksbank, Financial Stability Report 1:06
Sweden's central bank, the Sveriges Riksbank, published its first Financial Stability Report for 2006 on 31 May. The prospects of the financial system managing potential shocks are good, according to the report.
ECB's Financial Stability Review, June 2006
The European Central Bank published its June 2006 Financial Stability Review on 1 June. In the report the ECB said an abrupt unwinding of the US current account deficit could put sharp downward pressure on the dollar and lead to a rise in US long-term…
RBNZ Financial Stability Report, May 2006
The Reserve Bank of New Zealand published its May 2006 Financial Stability Report on 19 May. RBNZ governor Alan Bollard said that New Zealand's financial system is well placed to weather the slowdown in the economy.
ECB's Target Annual Report 2005
The European Central Bank (ECB) published the TARGET Annual Report 2005 on Friday 19 May. This publication, which is the sixth of its kind, gives an overview of TARGET operations in 2005.
Fed's Kohn on the evolving financial system
In the speech 'The evolving nature of the financial system: Financial crises and the role of the central bank' given on 18 May Donald Kohn of the Federal Reserve said U.S. bank regulators are focused on encouraging market discipline, sound risk…
Liikanen: EU must improve cross-border payments
ECB governing council member Erkki Liikanen said in comments published on Thursday 18 May that the EU must strengthen its payments system.
NY Fed's Kos on the foreign exchange market
In the speech 'Recent volatility trends in the foreign exchange market' given on 11 May Dino Kos of the Federal Reserve Bank of New York said there is a risk that the current period of low volatility in the foreign exchange market will not last, and…
NY Fed's Geithner on financial stability
In the speech 'Implications of growth in credit derivatives for financial stability' given on 16 May Timothy Geithner of the Federal Reserve Bank of New York said banks and other financial players must be cautious in their use of credit derivatives.
RBA's Lowe on payments system reforms
In a speech given on 15 May Philip Lowe of the RBA said the changes that we have seen in the payments system to date are in the direction we expected.
Fed's Kohn on investing in payment innovations
In the speech 'Investing in payment innovations: A Federal Reserve perspective' given on 11 May Donald Kohn of the Federal Reserve said changing electronic payment systems benefit both institutions and consumers, but also expose them to new risks,…
RBI's Reddy on global imbalances
In the speech 'Global imbalances - An Indian perspective' given on 11 May Dr.Y.V.Reddy of the Reserve Bank of India said any large adjustments in major currencies and global interest rates would have a significant impact on the economy.
BoJ names new executive director for operations
The Bank of Japan said Tuesday 9 May that it has promoted Hajime Mizuno, director-general of the BoJ's operations department, to the post of executive director in charge of operations and payment and settlement systems.
Bangladesh Bank can do more on financial stability
The Bangladesh Bank should play its role as a facilitator to all the scheduled banks to overcome any sort of problem they are facing, this opinion piece published Tuesday 9 May says.
Japan discovers misprints in yen notes
Japan's high-tech money-printing bureau was embarrassed on Tuesday 9 May when 39,500 bills were found to be misprinted.
Kansas Fed's Payments system research briefing
The Kansas City Fed's Payments system research briefing for May 2006, examines the potential for fraud associated with various "traditional" payment methods and the protective measures that consumers should take when using them.