Financial Stability
Chicago's Moskow on central counterparty clearing
In the speech 'Public policy and central counterparty clearing' given on 4 April Michael Moskow of the Federal Reserve Bank of Chicago said new clearing arrangements are emerging all the time.
Fed's Kroszner on central counterparty clearing
In the speech 'Central counterparty clearing: History, innovation, and regulation' given on 3 April Randall Kroszner of the Federal Reserve said in recent years, public policymakers have demonstrated growing interest and concern about the effectiveness…
Bank of Canada to upgrade $5 banknote
The Bank of Canada on Tuesday 4 April announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes.
ECB's Trichet on central counterparty clearing
In the speech 'Issues related to central counterparty clearing' given on 4 April Jean-Claude Trichet of the ECB said market forces need a sound legal, regulatory and oversight basis to work efficiently.
Overhaul enhances Sri Lanka's standing in world
According to this article published on Tuesday 28 March, prominent among Sri Lanka's economic and financial reforms in the last two decades was the creation of a modern sophisticated payments infrastructure.
RBI's Reddy on financial sector reform
In the speech 'Financial sector reform and financial stability' given on 10 March YV Reddy of the Reserve Bank of India ruled out speeding up the pace of external financial sector liberalisation.
RBA Financial Stability Review, March 2006
The Reserve Bank of Australia published the March 2006 edition of its Financial Stability Review on Tuesday 28 March. Recent developments have been largely favourable from a financial stability perspective, according to the latest Review.
Sweden's Nyberg on financial reforms
In the speech 'Financial reforms and financial crises - Swedish experiences' given on 27 March Lars Nyberg of the Sveriges Riksbank said it is dangerous to use regulations to limit competition in the banking sector.
Leading Sepa expert joins Voca from ECB
Voca, the provider of payment services to banks and corporates, announced on Wednesday 22 March that it has appointed Erik Mansson as Director of European Business Development.
CBN Comment on UK Budget
Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.
RBNZ's Orr on financial stability in New Zealand
In the speech 'Towards a framework for promoting financial stability in New Zealand' given on 22 March Adrian Orr of the RBNZ said the financial system is critical to the future growth of the New Zealand economy.
Memorandum of Understanding on financial stability
HM Treasury, the Bank of England and the Financial Services Authority on Wednesday 22 March jointly published an updated Memorandum of Understanding for Financial Stability.
Approval of policy changes to Fed cash services
The Federal Reserve Board on Friday 17 March announced the approval of policy changes that seek to reduce the overuse of Federal Reserve Bank cash-processing services by providing incentives for depository institutions to recirculate currency among their…
Riksbank to form cash management advisory board
The Executive Board of Sweden's Riksbank decided at its most recent meeting to establish a cash management advisory board consisting of representatives from the cash management field.
Financial Stability Forum concludes meeting
The Financial Stability Forum (FSF) held its fourth Asia-Pacific regional meeting on Thursday 16 March in Sydney, Australia.
Liquidity provision in a model of payments
The Federal Reserve Working Paper "Alternative central bank credit policies for liquidity provision in a model of payments" explores alternative central bank policies for liquidity provision in a model of payments.
RBA's Lowe on the payments system
In the speech 'The evolution and regulation of the payments system' given on 14 March Philip Lowe of the Reserve Bank of Australia said the global shift towards electronic payments was being driven by advances in technology and the lower cost of…
Preliminary report on security of banknote storage
Sir John Gieve, Deputy Governor of the Bank of England, on Friday 10 March delivered to Mervyn King, the Governor, his confidential preliminary report on the security of banknote storage.
Illiquidity in the interbank payment system
The March 2006 New York Fed Staff Report "Illiquidity in the interbank payment system following wide-scale disruptions" shows how the interbank payment system can become illiquid following wide-scale disruptions.
Comment: Measuring financial fragility
Central banks and regulators have created well-staffed financial stability departments, producing voluminous reports and reviews. However, policymakers are not always sure what they are aiming at in this opaque, but systemically important, area. New…
Riksbank to introduce new, more secure banknotes
On 15 March, Sweden's Riksbank will introduce new, more secure 50-krona and 1,000-krona banknotes.
ECB publication of an enhanced 'Blue Book'
The European Central Bank on Monday 6 March published a statistical addendum to the publication "Payment and securities settlement systems in the European Union and in the acceding countries" (known as the "Blue Book") incorporating 2004 data.
Renminbi Settlement System goes live
The Hong Kong Monetary Authority (HKMA) and the Bank of China (Hong Kong) Limited (BOCHK) jointly announced on Thursday 2 March the launch of the new Renminbi Settlement System (RSS) on 6 March 2006.
ECB paper on the euro cash changeover
The ECB Working Paper "Rational inattention, inflation developments and perceptions after the euro cash changeover" uses the euro cash changeover to test theories of finite information-processing capacities on the side of consumers.