Financial Stability
HKMA's Yam on the euro
In the speech 'The euro: Lessons for European and Asian financial markets' given on 24 February Joseph Yam of the HKMA said the integration of financial markets in the Asia-Pacific region can be accelerated if financial and monetary authorities in the…
NY Fed's Geithner on risk management challenges
In the speech 'Risk management challenges in the U.S. financial system' given on 28 February Timothy Geithner of the Federal Reserve Bank of New York said complex securities like derivatives make the global financial system increasingly vulnerable, and…
BoE says payment covers all stolen notes
The Bank of England said on Friday 24 February that the £25 million payment made by Securitas on Wednesday covers all the stolen notes belonging to the central bank.
ECB's Tumpel-Gugerell on the Lisbon Agenda
In the speech 'The Lisbon Agenda - what can banks contribute?' given on 23 February Gertrude Tumpel-Gugerell of the ECB said the creation of a single eurozone payments area will not just reduce banks' revenues but will also cut their costs.
Biggest UK robbery promps BoE security review
The Bank of England is to review security for banknote storage following Britain's biggest ever robbery at a cash centre in Kent that may have netted the thieves between £40-50 million.
Buba worried re cash supply after Heros insolvency
The Bundesbank has called on local branches to lengthen their operating hours after a money-transport company which accounts for around 50 per cent of the German money transport sector filed for insolvency.
Comment: Sepa progress report
In its fourth progress report on the Single Euro Payments Area (Sepa) the ECB says it "expects the European Payments Council (EPC) to take overall responsibility for defining and implementing a monitoring framework for each phase of the migration process…
Towards a Single Euro Payments Area - 4th report
In its fourth progress report on the Single Euro Payments Area (SEPA), published Friday, the Governing Council of the ECB defined the final SEPA objectives.
New Zealand's new coins introduced on 31 July
The Reserve Bank of New Zealand announced on Monday 20 February that New Zealand's new 50, 20 and 10 cent coins will be introduced on 31 July 2006.
Bank of England Payment Systems Oversight Report
The Bank of England published its second Payment Systems Oversight Report on Friday. It contains the Bank's latest assessment of UK payment systems against the internationally-recognised Core Principles for Systemically Important Payment Systems.
Comment: Payment system risks
While few would regard Britain's large-value payment system as risky - over its ten-year life, the system has suffered no major scares - how the system will bear up in a crisis or time of market stress is a cause for concern.
Asia’s bonny bond markets
Asian central banks have been actively promoting domestic bond markets. Anthony Rowley reports.
Tokyo disputes inflation targets
Disputes between the central bank and Ministry of Finance continue to stymie Japanese policymaking. Thomas Cargill and Federico Guerrero explain.
Performance measurement in central banks
Iain Thomson suggests ways central banks can incorporate best practice in commercial-sector performance measurement.
The ECB’s collateral framework
Francesco Papadia rebuts criticisms that the way the ECB treats government securities keeps market spreads artificially low.
The new Banca d’Italia
Mario Draghi’s first actions as governor have brought a much-needed breath of fresh air to the Banca d’Italia. Isabella Bufacchi reports from Rome.
Managing liquidity risk in a global system
In this exclusive article, Sir Andrew Large worries about the robustness of the financial system in times of stress – and calls for greater clarity from policymakers about lender-of-last-resort issues.
Fiji announces new banknote designs
The Reserve Bank of Fiji on Friday 10 February signed an agreement for the printing of a series of new design Fiji banknotes with De La Rue International Limited of United Kingdom.
RBNZ to raise Settlement Cash Level to $2,000m
The Reserve Bank of New Zealand will raise the Settlement Cash Level (SCL) from its current level of $500 million to $2,000 million, for value date 13 February 2006.
BoJ to implement next-generation RTGS project
The Bank of Japan said Friday it has decided to implement the next-generation real-time gross settlement (RTGS-XG) project.
Deutsche Bundesbank adopts SwiftNet FileAct
According to a report on Finextra.com, Deutsche Bundesbank is to adopt SwiftNet FileAct to begin standardizing its communications system for low value payments, bringing its branches in line with Germany's national Real Time Gross Settlement as it…
Survey of foreign exchange settlement risk
The Committee on Payment and Settlement Systems said Wednesday it will carry out a survey of how banks and other selected institutions manage the risks they can incur when settling foreign exchange transactions.
RBNZ to raise settlement cash level temporarily
The Reserve Bank of New Zealand will temporarily raise the Settlement Cash Level (SCL) from its current level of $20 million to $500 million, for value date 2 February 2006.
IMF's Rajan on perspectives on global imbalances
In the speech 'Perspectives on global imbalances' given on 23 January Raghuram Rajan of the IMF called on the US to cut its fiscal deficit to help counteract global imbalances.