Central Banks
Swiss tighten liquidity rules for biggest banks
Swiss Financial Market Supervisory Authority and the Swiss National Bank clamp down on UBS and Credit Suisse through stricter liquidity regime
Fund calls for two taxes on banks
Leaked IMF interim report suggests a broad levy, and a profits and salaries tax as contingency against the risk of future government bailouts; rejects Tobin tax idea
France names top brass for new financial regulator
Deputy general secretaries for Autorité de Contrôle Prudentiel announced
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
Weber denies mooting €80 billion figure for Greek bailout
Bundesbank president Axel Weber says the figure came from previous Greek estimates
The forces of darkness overwhelm bank reform
Banks’ lobbying and politicians’ arguments against the Dodd regulatory reform bill are lamentable, Robert Pringle writes
IMF: local currency lending cushioned crisis blow
IMF study shows increased domestic currency lending led to relatively strong access to credit in American countries following credit crunch
Caruana: integration essential to global framework
Bank for International Settlements general manager Jamie Caruana draws on importance of financial integration in forming new global framework for financial system
Trichet bids farewell to Skrzypek
ECB president Jean-Claude Trichet offers condolences at Skrzypek funeral
Buba's Weber says Greece will need up to €80 billion: reports
Bundesbank president Axel Weber reportedly tells German parliamentary group Greek bailout costs could soar
Canada scraps commitment to hold rates; signals hike
Bank of Canada drops conditional commitment to hold overnight rate at 0.25%; pledge one of a number made by central banks to soothe markets’ nerves
India hikes again as food price inflation catches on
Reserve Bank of India raises both repo and reverse repo rates by 25 basis points as headline inflation stops just short of 10%, draws $1.25 trillion out of system
BIS: monetary policy should factor in oil-price shocks
Bank for International Settlements research identifies strong role for monetary policy during oil shocks
Iceland's Guðmundsson laments lack of progress in regulation
Icelandic central bank governor says the promised regulatory overhaul has yet to transpire and institutions still do not have all necessary information to prevent a collapse
Reddy: Fiji has recovered
Reserve Bank of Fiji Governor Sada Reddy says country has made progress with balance of payments challenges
ECB’s Stark: fiscal burden a daunting challenge
ECB board member Jürgen Stark draws on risks of failing to reach a quick solution to Europe’s fiscal problems
Finland's Salo to step down
Bank of Finland board member to depart in October
SF Fed's Yellen says low rates appropriate
San Francisco Federal Reserve president says Fed can rely on interest on reserves to keep balance sheet large
Bank of Finland – Annual Report 2009
Figures for 2009 show profits up by 5%
Greece takes grudging step towards bailout
Greek government initiates procedures concerning proposed $40 billion rescue with eurozone and IMF, problems anticipated in joint effort
Thailand likely to postpone hike as protests turn bloody
Bank of Thailand will put off rate normalisation till June in order to soothe markets rattled by clashes between anti-government protestors and army, say analysts
Sheikh Hamed replaces brother as Adia managing director
Sheikh Hamed bin Zayed al-Nahyan takes over Sheikh Ahmed’s role at helm of Abu Dhabi Investment Authority
FSA names new consumer education chief
Supervisor picks pensions regulator head Tony Hobman to lead new consumer financial education body
Ndung’u calls for new reforms in MFI scheme
Kenyan governor Ndung’u draws up plans to enhance MFI’s incorporation