Central Banks
Malaysia's Zeti launches new Islamic finance task force
Bank Negara Malaysia governor Zeti Akhtar Aziz announces plans for new financial stability task force
Fed survey shows growing appetite for risk in OTC markets
Inaugural Federal Reserve survey on financing of over-the-counter derivatives shows growing demand in risky assets
France's Noyer says OTC markets need revamp
Banque de France governor Christian Noyer says new reforms on over-the-counter derivatives will make market more resilient
ECB's Bini Smaghi: Europe must regain competitive edge
ECB executive board member Lorenzo Bini Smaghi says even surplus countries in eurozone must improve competitiveness
UK FSA reorganisation happening quickly, says head of risk
The break-up of the UK Financial Services Authority is beginning to take shape, says the regulator's head of risk management
Uganda ready to shore up currency, says deputy
Bank of Uganda deputy governor Louis Kasekende calms markets with pledge to stabilise currency as security concerns grow after weekend bombings
ECB draws Hungarian government’s fire over pay dispute
European Central Bank opinion on proposed wage cap at National Bank of Hungary angers government; prime minister plans objection
'Basel II was a big mistake': Larry Meyer exclusive interview
The former Fed governor, now vice-chairman of Macroeconomic Advisers, talks to Credit about the US central bank’s handling of the financial crisis, and gives his views on where US monetary policy is heading.
Korean growth revision a sign of further hikes to come, say analysts
Analysts say Korean central bank is likely to raise rates further after it forecast higher growth in 2010
Estonia gets final nod to join euro
Europe's finance ministers fix conversion rate at 15.6466; preparations begin for January 2011 changeover
South Africa’s Gordhan stands up for inflation targeting, flexible rand policies
South African finance minister defends central bank’s key frameworks, lauding benefits to credibility and stability
Chinese ratings agency yanks triple-A ratings from US, UK
China’s Dagong Global saddles developed world safe havens with lower ratings on grounds of inability to repay debt; gives China three notch upgrade to AA+
ECB would have refused assets for Anglo loan
Collateral used by Anglo Irish to access central bank funds would not have been accepted by European Central Bank
Bank’s Bailey: creditors must pay for bank bailouts
Bank of England’s Andrew Bailey says idea of using debt restructuring as means to solve too big/ important to fail warrants “serious investigation”
Fed’s Duke announces steps to improve data needs on SME lending
Federal Reserve governor Elizabeth Duke says data improvements will help Fed understand how lending requirements for small business
Bank of Canada: Chinese shocks have global bearing
Bank of Canada study shows China’s monetary policy is less effective at weathering shocks and country must be incorporated in global models
Brussels will drain London banking sector: top bankers
HSBC chair Stephen Green warns that European legislation will eradicate London’s competitive edge as a financial centre; says Basel III will curb trade finance
IMF: Liberalisation of trade can curb Iraqi inflation
IMF study finds mounting inflation in Iraq arising from oil monopolists can be lessened through open market policies
National Bank of Austria - Annual Report (2009)
National Bank of Austria’s 2009 Annual Report shows massive gains in reserves due to rise in gold prices
Taiwan’s Perng calls on banks to curb housing boom
Taiwanese central bank governor Perng Fai-nan demands lenders tighten rules in order to stifle exuberance in housing market; real estate loans worth more than half the island’s GDP