Central Banks
Riksbank was ‘wrong’ to raise rates: Svensson
Riksbank deputy governor Lars Svensson says Riksbank miscalculated repo rate path and should have followed Federal Reserve with accommodative stance
Mauritius to investigate interest rate ranking
Mauritius plans to challenge World Economic Forum report on interest rate spread ranking
Regaining confidence essential to euro crisis solution: Finland’s Liikanen
Bank of Finland governor Erkki Liikanen says implementation of European Financial Stability Facility good first step to restoring credibility
Fund directors split on excess gold profits
IMF’s executive board divided over use of windfall profit from gold sales; plans to revisit potential uses in late 2011
Governor of Central Bank of Jordan resigns
Faris Abdel Hamid Sharaf resigns; deputy governor Mohammad Said Shahin gets promoted
Greece tranche decision delayed till October: Juncker
Eurogroup chairman Jean-Claude Juncker says decision to release sixth bailout tranche to Greece will be delayed until October; sovereign may default sooner than expected, says analyst
Financial openness provides incentive for remittances: Netherlands Bank paper
Netherlands Bank study shows greater financial openness attracts higher levels of remittances
UK Lords debate Independent Commission on Banking plans
Lord Myners deeply critical of ICB's plans; complains chairman John Vickers failed to address important issues
Bank veterans identify challenges to macroprudential policy
Bank of England paper co-authored by Andrew Large and Alastair Clark highlights difficulties in developing macroprudential policy toolkit; identifies conflicts with monetary and regulatory policy
Kansas Fed names Hoenig successor
Esther George to take over as president and chief executive of the Federal Reserve Bank of Kansas City; Thomas Hoenig retires October 1
Former deputy chairman charged over Securency scandal
Bill Lowther to appear in court next week on charges of bribery; latest development in ongoing Securency corruption scandal
Housing bubble fuelled by light-touch regulation: IMF paper
Fund study shows light-touch regulation of independent mortgage originators fuelled the US housing bubble
ECB’s González-Páramo on convergence requirements to euro accession
European Central Bank executive board member José Manuel González-Páramo dicusses need for sustainable convergence to the euro in Bulgaria
ECB's Bini Smaghi on overcoming moral hazard problems
European Central Bank executive board member Lorenzo Bini Smaghi says delicate balance should be kept between maintaining credibility and ensuring stability
Euro climbs as major central banks boost dollar liquidity
Bank of England, Bank of Japan, European Central Bank and Swiss National Bank to offer three-month loans to market; euro moves higher against the dollar but nearly breaks Swiss franc floor
Central banks open new chapter as large net gold buyers
Thomson Reuters GFMS Gold Survey 2011 shows net official purchases of gold rose to more than 200 tonnes during the first half of the year; forecasts gold to reach $2,000 by year-end
RBA loses power to set wages
Reserve Bank of Australia governor Glenn Stevens's high salary in jeopardy; wages will be set by Remuneration Tribunal
Libya wants assets released sooner
Return of unfrozen Libyan assets "slow"; draft UN resolution circulated to release more
IMF paper identifies most systemically important jurisdictions
Fund study says risk-based surveillance should focus on systemically important jurisdictions
Semi-government bond markets provide liquidity benefits: RBA paper
Reserve Bank of Australia study says semi-government bond market is important feature of Basel III liquidity reforms
UK prepares to do battle with ECB
British Treasury unhappy with European Central Bank's proposed clearing house location restriction; will take argument to court if necessary
European Commission to consider euro bond options
European Commissioner José Manuel Barroso says options for common eurozone bond will be reviewed; Bundesbank's Jens Weidmann says bond would lead to "socialisation" of debt