Central Banks
FSB to hold non-compliant G-20 countries to account, says Carney
The Financial Stability Board will ‘name and shame’ countries that fail or attempt to avoid new global regulations aimed at improving financial market stability
SNB taking outsized risk in equities in challenging environment, says board official
The Swiss National Bank has allocated 12% of its burgeoning forex reserves to global equities, a level that is significantly above an allocation based purely for diversification benefits
Norwegian regulator to ease internal model timetable in wake of Solvency II delays
France's regulator also considering adjusting pre-approval schedule
IMF paper dissects bond yield determinants
Fund research distinguishes between long- and short-run elements in bond yields, finding European periphery yields overstated actual fundamentals
Russia holds interest rate as indicators stabilise
Russian central bank board of directors say inflation has fallen to 6.4% and economic activity has slowed
Malaysia deputy pushes for progress on data
Bank Negara Malaysia’s Muhammad bin Ibrahim says data compilation should become more forward-looking and statistical needs identified more quickly
Austerity package prompts Bank of Greece directors to quit
Wage caps and falling future pension payouts have contributed to the exit of a third of the central bank’s senior management
Bank of Canada issues C$20 polymer bank note
Canadian central bank moves to replace most popular – and most frequently counterfeited – banknote as part of its migration to polymer currency
New rules designed to kill OTC market, says European regulator
Central Bank of Ireland adviser says reforms will cause an 'Ice Age' in the derivatives market
Europe more fiscally balanced than US, Japan and UK, says Draghi
ECB president says euro area has made ‘amazing’ progress with fiscal consolidation
Bank of Mauritius struggles to buy-back debt, says governor
Rundheersing Bheenick says central bank is struggling to buy back bonds it was forced to issue to mop up excess liquidity
BoE’s Bailey preaches simple supervision
Bank of England executive director wants basic supervisory tools to support complex risk-based analysis
Investment drop in China would hit global growth, says IMF paper
Research says the economic reverberations of lower investment in China are becoming stronger
Kenya eases policy with 200bp rate cut
Central bank says financial stability has created conditions for monetary policy to be gradually eased; interest rates cut by 5.5 percentage points in two months
Greek mythology character to adorn new euro notes
New ‘Europa’ series of bank notes unveiled by ECB with five-euro note bearing the image of a Greek mythological princess first to be introduced in May 2013
Malawi governor questions the cost of controlling inflation
Charles Chuka considers the potential effects of tightening monetary policy to rein in an inflation rate approaching 30%
Policymakers can learn from behavioural insights, says Norwegian paper
Economic agent’s expectations are shaped in a myriad of ways and should be considered in policy decisions
Dutch paper praises financial innovation
Though it has been exploited by some, innovation in finance has contributed a lot to business and the wider world
Riksbank minutes reveal further rate cut rejected
Board members vote to hold interest rate at 1.25% despite two deputies' reservations
CCP model secrecy is ‘wrong and unjustifiable’, says BoE official
Central counterparties should be required to make details of their models public, says the Bank of England’s payments and infrastructure division head
Malaysia’s Zeti issues guidance to pan-Asean aspirational banks
As banks develop pan-Asean business models in line with the region’s push towards economic integration, Malaysia’s governor outlines business practices expected to secure favourable market access
Infrastructure bond should fund Africa’s growth, urges ADB president
Donald Kaberuka says Africa needs innovative financing to drive an economic transformation and achieve more inclusive development
Kenyan coin shortage denied by central bank
Central Bank of Kenya insists there are sufficient coins in circulation; urges public to accept coins ‘without reservation’