Central Banks
Singapore risk management
ARTICLE - G10 central bank study says that consolidation has heightened possibility of systemic risk. Central banks of G10 countries recently released a joint study on the impact of consolidation on financial risk, payment systems and monetary policy,…
IMF press conference in London
UK - At 10am UK time today, 20 July, Garry Schinasi chief of the IMF's Capital Markets and Financial Studies Division spoke at a press conference held at the Bank of England.
Non-bank Chinese institutions need funding
CHINA - China's central bank wants to draw private capital into investing in hundreds of cash-starved non-bank financial institutions to boost their financial strength, according to China Securities.
Korea needs to monitor emerging markets
SOUTH KOREA - BOK Gov. Korea should pay close attention to developments in Latin American markets to prevent shockwaves reaching the peninsula, Bank of Korea (BOK) Gov. Chon Chol-hwan said on 18 July.
Russian major bank ratings improve
RUSSIA - Fitch, the international rating agency, has changed the Outlook to Positive from Stable assigned to the Long-term ratings of 'B' of the Savings Bank of the Russian Federation (Sberbank) and Vneshekonombank (VEB). The banks' Short-term,…
Kenyan c bank chief laments rising interest rates
KENYA - The Central Bank of Kenya said on 18 July its efforts to restructure the government's debt were on track but lamented its inability to keep interest rates down due to a squeeze in government finances.
Bank of Mexico - Annual Report 2000
ANNUAL REPORT - The Bank of Mexico has published its Annual Report for the year ended 2000.
Debt Workouts For Corporates, Banks And Countries
SPEECH - David Clementi, Deputy Governor of the Bank of England has spoken at the INSOL International Sixth World Congress at the Hilton Metropole Hotel in London today, 19 July. He spoke about common themes to debt workouts for corporates, banks and…
Horst Kohler on African Economic Development
SPEECH - International Monetary Fund Managing Director Horst Kohler has given an address at the United Nations Economic and Social Council, Geneva, 16 July.
Putting Africa Front and Center
SPEECH - Remarks to the United Nations Economic and Social Council by James Wolfensohn, President of The World Bank Group, Geneva, Switzerland, 16 July.
National Bank of Hungary - Annual Report 2000
ANNUAL REPORT - The National Bank of Hungary has published its Annual Report for the year ended 2000.
Philippine bank expands dollar hedging facility
PHILIPPINES - The Philippine Central Bank said today, 19 July, its policy- making Monetary Board has approved the expansion of coverage under the currency risk protection program, a hedging facility managed by the monetary authority.
Eurostat launches online economic database
UK - The European Union's statistical office Eurostat has launched a "Euro-indicators" subscription database aimed at economists and other professionals, some of whom complain that detailed data are hard to obtain.
ECB leaves interest rates unchanged
GERMANY - The European Central Bank (ECB) left eurozone interest rates unchanged, despite evidence of an economic slowdown.
World Bank questions US plan for the poor
ITALY - On the eve of the G8 summit of world leaders in Genoa, a potentially embarrassing row has broken out between President Bush and other world leaders over how to best help the poor.
Bahrain Monetary Agency - Annual Report 2000
ANNUAL REPORT - The Bahrain Monetary Agency has published its Annual Report for the year ended 2000.
Central Bank of Brazil - Annual Report 2000
ANNUAL REPORT - The Central Bank of Brazil has published its Annual Report for the year ended 2000.
International Capital Markets - IMF Annual Report
RESEARCH - The International Monetary Fund (IMF) has published the annual International Capital Markets report - World Economic and Financial Surveys - Developments, Prospects, and Key Policy Issues. It was prepared by the research department of the IMF…
Testimony of Chairman Alan Greenspan
SPEECH - Alan Greenspan, Chairman of the Federal Reserve Board, has given testimony today, 18 July, before the Committee on Financial Services, U.S. House of Representatives. His testimony is the Federal Reserve Board's semiannual monetary policy report…
Central Bank of the UAE - Annual Report 2000
ANNUAL REPORT - The Central Bank of the UAE has published its Annual Report for the year ended 2000.
Bank of Uganda introduces new cheques
UGANDA - Bank of Uganda (BOU) has announced the introduction of new cheques in a bid to standardise and improve the cheque operation system.
UK rates may head higher
UK - The Bank of England has given its clearest indication yet that interest rates may start to climb again in the near future.
Meyer takes aim at the Greenspan legacy
US - Kansas City Fed President Thomas Hoenig, who broke a recent pattern of Federal Open Market Committee unanimity by voting against a half-percentage-point rate cut on May 15, is not a real FOMC dissident, reports Dow Jones news.
Fed Res Bank of Minneapolis - Annual Report 2000
ANNUAL REPORT - The Federal Reserve Bank of Minneapolis has published its Annual Report for the year ended 2000.