Central Banks
BIS’s Caruana warns macroprudential policies may have unintended consequences
Bank for International Settlements general manager Jaime Caruana says macroprudential policies alone do not guarantee protection from systemic risks
Broader card payment security measures may minimise fraud: Kansas Fed
Kansas Federal Reserve study on card payment fraud says more can be done to improve the security of card based transactions
Markets rejoice as Beijing reverts to managed float
Investor risk appetite soars as China drops the renminbi’s rigid dollar peg; analysts say Beijing’s policy shift sparked by potential benefits, rather than international pressure
Trichet: European Union needs to adopt sanctions to curb spending
ECB president Jean-Claude Trichet proposes sanctions against countries that overspend in order to fulfill obligations of new crisis management institution under review
Zimbabwe orders end to seizure of central bank assets
Zimbabwe's finance minister Tendai Biti stops auctioning of central bank assets in bid to revive beleaguered institution
Accounting change behind Saudi gold surge
Saudi Arabian Monetary Agency’s gold reserves more than double due to accounting adjustment; European central banks keep to agreement while Russia, Philippines buy
PBoC to regulate non-bank payments providers
People’s Bank of China sets out new legislation governing non-financial institutions that provide payments services; law an attempt to shed light on burgeoning payments network
Israel's Fischer says labour market absence is not sustainable
Bank of Israel governor Stanley Fischer says labour market reforms are necessary to maintain current growth levels
Cyprus's Orphanides: central banks in best position to supervise risks
Cypriot central bank governor Athanasios Orphanides says central banks are in best position to oversee macroprudential risks
Bank of Finland Bulletin (2010/1)
Bank of Finland's bi-annual Bulletin shows Finnish economy was more sluggish than euro area as a whole during last six months
National Bank of Belgium - Financial Stability Review (2010)
National Bank of Belgium's financial stability review outlines shortcomings of government law passed on banking recovery measures
Singer named new Czech National Bank governor
Vice governor Miroslav Singer appointed CNB governor for six-year term
Al-Qaeda claims responsibility for fatal central bank attack
Al-Qaeda group says it orchestrated bombings aimed at the Central Bank of Iraq which killed at least 18 people; militants say they targeted central bank to choke off funds to United States
Draghi backs EU move on stress tests
Bank of Italy governor Mario Draghi sees publication of results of stress tests of Europe’s biggest banks as key to calming market jitters; EU move follows Spanish decision to publish results of its stress tests earlier this week
Four candidates vie to head Bank of Thailand
Bangkok set to present finance ministry with shortlist narrowed down from four applicants including deputy governor Bandid Nijathaworn; incumbent Tarisa Watanagase will leave in October
Sri Lanka's Cabraal gets second term
Sri Lankan central bank governor Ajith Nivard Cabraal gets a further six years at the helm; credited with bringing inflation back under control
‘Moment of truth’ for the euro, says former BoE deputy governor
John Gieve says eurozone countries are showing the political will to ensure the currency block stays intact and expresses his support for the UK's new 'twin peaks' regulatory framework
Former Bank staff sceptical on FSA split
Ex-Bank of England officials view cultural factors as barrier to success of UK government's plan to return prudential regulation to Bank
CNB deputy Singer favourite to succeed Tůma as governor
Czech National Bank vice governor Miroslav Singer will take over from Zdeněk Tůma when he resigns as governor in June, say commentators
ECB's Bini Smaghi says executive pay inefficient
European Central Bank executive board member Lorenzo Bini Smaghi says executive salaries don't reflect performance, calling for broader international solution