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Russia needs unified supervisory rules -Motorin

According to Russia' deputy finance minister Mikhail Motorin, it is necessary to establish a supervisory system that would operate according to unified rules and control activities of the Federal Securities Commission, insurance companies, and private…

Gold as part of diversified investment plan

Including gold in a diversified portfolio can improve investment performance and make the investment better able to cope with shocks to the system. World Gold Council institutional investment head Dr Robert Weinberg said gold can improve investment…

RBNZ wants words to talk louder than numbers

New Zealand's Reserve Bank Wednesday announced changes to the format of its quarterly monetary policy statements, underscoring its desire to shift public focus of its monetary policy away from the short to the medium term.

HKMA urges Hong Kong banks to go green

Hong Kong's quasi central bank Wednesday called on the city's banks to sign a United Nations environmental awareness statement, and to consider producing their own formal environmental policy statements.

Banks await RBI governor speech at forex meeting

Indian foreign exchange market players are eagerly waiting to see if the Reserve Bank of India makes any direct or indirect comments on the foreign exchange markets and interest rates at the 21st Asia-Pacific Forex Congress.

House and BSP agree on taxable income

The Philippines Bangko Sentral has reached an "agreement in principle" with the House of Representatives over its taxation status in the Revised Central Bank Act currently being deliberated on by Congress.

ECB has own idea of optimal fx reserves-Issing

European Central Bank (ECB) member Otmar Issing said he felt the amount of foreign reserves held in the Eurozone was well within the range of estimates, but was evasive on whether this constituted an optimal level.

Vietnam bank governor answers inquiries

Vietnam's state bank governor Le Duc Thuy answered inquiries of National Assembly deputies related to bad debts, restructuring the joint-stock commercial bank system, and the use of cash.

Bank of England warns on tax cuts

The Bank of England, the UK central bank, has warned that it is premature to rule out further interest rate rises and threatened an immediate response if the government makes big pre-election tax cuts.

Balcerowicz closer to becoming Polish c.bank chief

Leszek Balcerowicz, the architect of Poland's economic reforms after the 1989 fall of communism, looks increasingly certain to become the new chief of the country's central bank, politicians said on Tuesday.

ECB to mull raising M3 target to 5%

Bundesbank President Ernst Welteke said on Tuesday that the European Central Bank would discuss raising the reference value for M3 monetary growth to 5% from 4.5% at its December 14 meeting.

CBR deputy says may be changes in monetary policy

The Central Bank of Russia may introduce changes to major directions of the monetary policy, stated Georgy Luntovsky, the deputy head of the central bank, at today's press conference in Nizhny Novgorod.

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