Central Banks
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
Swiss banks return to profit: SNB
Swiss National Bank report finds banks in Switzerland recorded moderate profits last year following heavy losses in 2008
PBoC’s Du promoted to deputy governor: reports
People’s Bank of China has promoted assistant governor Du Jinfu to deputy, according to news reports; Du replaces Su Ning, who is past official retirement age
Central Bank of Peru - Annual Report (2009)
Peruvian central bank's 2009 Annual Report shows country recorded modest growth
China bubble unlikely to derail recovery: St Louis Fed's Bullard
St Louis Federal Reserve president James Bullard says concerns over bubble in China are over exaggerated
Ireland's Honohan outlines central bank's failures
Irish central bank governor Patrick Honohan cites failures in bank management for poor response to crisis in central bank review
CentralBanking.com panel: ECB’s response to Greek crisis too slow
Mike Williams, Paul Mortimer-Lee, and Phil Davis say the ECB should have moved more swiftly to tackle the fiscal problems in Greece
Former Bank chief economist to chair new banking commission
Sir John Vickers named head of Independent Commission on Banking that will decide the future of British lenders
Top economists call for central banks to oversee financial stability
Leading thinkers including former Federal Reserve Board governor Frederic Mishkin say central banks should watch financial stability; set of crisis prevention proposals include limits on bankers’ pay
Fed could win fight on monetary policy audit: reports
Media reports saw lawmakers in Congress's lower house could relent on forcing monetary policy decisions to be audited, as lawmakers work to forge swift agreement
Spanish banks’ reliance on ECB hits record levels
Data published by Spain’s central bank shows the country’s banks exhibiting an increasing level of dependence on the eurosystem, officials dismiss talk of bailout
Markets unfazed by Moody’s Greek walloping
Bulk of European bourses gain despite rating agency’s four notch downgrade of Greek sovereign debt; analysts link calm to tardiness of downgrade and renewed risk appetite
Bank’s Posen stoutly defends ECB bond purchases
Bank of England rate-setter Adam Posen slams critics who claim bond purchases will impinge upon central bank’s independence; says given low interest rates, bond purchases are essential monetary policy tool
RBA minutes show central kept rates unchanged over euro fears
The Reserve Bank of Australia’s board kept rates on hold at 4.5% amid uncertainty over Europe’s fiscal position
Bank of Portugal: calendar effects valuable data source for ATM patterns
A Bank of Portugal study on ATMs finds calendar effects provide useful understanding of consumer habits when undertaking cash withdrawls
RBA’s Battellino: banking sector key to funding deficit
Reserve Bank of Australia deputy governor Ric Battellino says banks play key role in intermediating funding to economy
HKMA flags potential for asset-price bubble from renminbi appreciation
Hong Kong Monetary Authority study suggests currency’s appreciation may have significant effects on asset prices
Sarb’s Mokate to exit after not securing new contract
South African Reserve Bank deputy governor Renosi Mokate to leave central bank after her five-year term expires
Bank of Japan details direct lending programme
Central bank outlines $33 billion quasi-fiscal programme to support economic growth; analysts say measure is a political gesture