Czech National Bank (CNB)

Lobbying blamed for supervisory inaction in EU

The failure of some European supervisors to act in the years building up to the crisis was due to fragmentation, a lack of independence and pressure from the private sector, Miroslav Singer, a vice governor of the Czech National Bank, has claimed.

Czechs criticise De Larosiere report

The De Larosiere report fails to take account of the need for one regulator to cover supervision of all sectors of the financial market, says a position statement from the Czech National Bank.

Czechs name new communications head

Marek Petrus, now head of research at the Prague office of Egon Zehnder, a consultancy, is to take over from Pavlina Bolfova as the Czech National Bank's communications head at the start of next month.

Czechs say fighting crisis a priority for EU reign

The Czech Republic will strive to enhance the transparency and stability of the European Union's (EU) financial system during its six-month presidency of the common market, Prague said on Tuesday.

Norway slashes rates on "major shocks"

Norges Bank has followed the Riksbank's lead in chopping 175 basis points off its key rate. Exposure to "new major shocks" sparked the move, which leaves the central bank's key rate at 3%. Elsewhere, three other central banks cut their key rate by 50…

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