Europe
Asian economies not autonomous from Europe: IMF's Shinohara
Fund deputy managing director Naoyuki Shinohara touches on lessons from the crisis and how shocks in Europe reverberated in Asia
Ten legal gaps Europe’s regulators must close
René Smits identifies ten key issues that European financial legislators must consider when constructing the post-crisis regulatory framework
Mix of bad luck and policy fuelled credit boom in Eastern Europe
IMF research finds both bad luck and poor policymaking led to credit boom in new EU member states
Brussels calls for European ratings supervisor
European Commission proposes new body to oversee all credit ratings agencies operating in the European Union; security issuers must provide information to all agencies to boost competition
Barroso moots European ratings agency
European Commission president's calls echo those of Michel Barnier; says proposals will be released in September
Portugal's Constâncio: markets cannot self regulate
Bank of Portugal governor Vítor Constâncio discusses new vision of European regulation
Brussels backs bank tax to fund new resolution network
European Commission calls for a network of resolution funds to bear cost of winding down firms; cost covered through levy on lenders
Eurozone crisis weighs on Swiss exit plans: SNB's Jordan
Swiss National Bank deputy head Thomas Jordan says normalisation of monetary policy hampered by eurozone debt crisis
Trichet lays first stone at ECB’s new HQ
ECB president marks the start of building work at a ceremony in Frankfurt
Italy amends laws on capital gains to ease sovereign debt pressure
New laws imposed on capital losses by the Bank of Italy signals continued fragility in European markets
Europe to place CDS markets under spotlight: Barnier
European commissioner Michel Barnier says legislation in works requiring credit default swaps to be registered and made fully transparent; follows criticism of investors from European leaders
Ten issues for regulators to consider
René Smits devises ten key issues that European financial legislators must consider when constructing the post-crisis regulatory framework
Interview: Peter Praet
Fortis’s collapse all too well illustrated the difficulties in saving cross-border European banks. But the ideal solution, a European crisis resolution authority, remains a distant dream. However, there is an existing, yet perhaps unusual, candidate from…
NBB’s Praet backs DG Competition for EU resolution authority
National Bank of Belgium’s Peter Praet says Directorate General for Competition could play credible role in resolving failed banks
Banks should not rely on CDS spreads for credit risk
National Bank of Belgium study highlights a number of shortfalls in policymakers’ use of CDS spreads as an indicator for bank risk
Bank of Israel - Inflation Report Q1 2010
Bank of Israel report shows interest rates likely to continue rising
Bank of Japan: financial integration stronger in developed markets
Bank of Japan paper finds financial integration more advantageous to developed countries
Bank of Italy: debt-saddled Italian firms struggle to compete in Europe
Bank of Italy paper puts low productivity of non-financial firms in Italy to inherently high indebtedness in the country
IMF: Russian housing market vulnerable to external shocks
IMF paper shows house prices in former Soviet countries are vulnerable to foreign capital inflows in open economy model
BOE policy on hold on downside risks in Europe
Bank of England minutes shows its Monetary Policy Committee left rates on hold amid continued economic uncertainty in Europe
Trichet bids farewell to Skrzypek
ECB president Jean-Claude Trichet offers condolences at Skrzypek funeral
EU finance chiefs to mull creditor haircuts
European finance ministers will discuss proposals to dock uninsured creditors and adopt instruments that convert debt to equity in distress at informal meeting on Saturday
Central bank net gold sales fell 80% in 2009
Slowdown in European sales and India's purchase from IMF lead net sales to slump to 41 tonnes says research body
IMF stockpiles funds for crisis resolution
Fund prepares for the worst with $500 billion in extra funds from a standing borrowing arrangement with selected members