Regulation
ECB seeks bigger role in oversight of banks
GERMANY - The European Central Bank is aiming to reshape bank oversight in the European Union by giving itself a more prominent role.
Australia's res bank updates banks on terror links
AUSTRALIA - The Reserve Bank of Australia Friday updated financial institutions on the people identified by the United Nations and the U.S. as linked to terrorism.
Swiss regulator orders audit for Israeli bank unit
SWITZERLAND - The Swiss Federal Banking Commission said Tuesday it has concluded its investigations related to the country's money laundering case against Peru's former spy chief Vladimiro Montesinos and has ordered a special audit of Bank Leumi Le…
EBRD: Russian banking reforms not enough
Russia has been slow in reforming its banking system and a key test will be how new enforcement powers given to the central bank are used, the European Bank for Reconstruction and Development (EBRD) said in a report on Tuesday.
China lifts banking barriers to entry
The People's Bank of China has announced a programme for the opening of China's banking sector following the country's accession to the WTO.
Speech by Christian Noyer of the ECB
SPEECH - Speech by Christian Noyer, Vice-President of the European Central Bank, at the Foreign and Commonwealth Office, London, 12 November.
Tight regulations for bank payments in Azerbaijan
AZERBAIJAN - In 2002, the National Bank of Azerbaijan (NBA) intends to draw in tight regulations for banking payments, said Elman Rustamov, Head of the National Bank of Azerbaijan. He said it is planned to utilize radical measures.
Banks in the US tighten lending standards
US - Reflecting the shaky US economy, banks have been tightening lending standards even as demand for loans continues to drop, according to the Federal Reserve's latest survey of loan officers.
ECB's Noyer - Governing council may need change
UK - European Central Bank Vice President Christian Noyer said Monday that the ECB governing council may need to be reformed when accession countries from southern and eastern Europe eventually adopt the single currency.
Grenville's successor at RBA?
Reserve Bank of Australia assistant governor Glenn Stevens is the leading candidate to succeed Stephen Grenville as deputy governor, according to sources close to the Reserve Bank central bank.
IMF demands investigation of Asian crisis loans
After two years and two investigations have failed to produce a single prosecution or return a single rupiah, the IMF has demanded a new investigation into alleged corruption, reports the Jakarta Post.
Central Bank of UAE asks for assets to be frozen
In a circular to the United Arab Emirates's 47 national and foreign banks, the Central Bank today requested that the assets of 30 institutions be immediately frozen.
Speech by Dr Wellink of the Nederlandsche Bank
SPEECH - Speech by Dr. A.H.E.M. Wellink, President of the Nederlandsche Bank, on the occasion of the Russia-Netherlands Economic Forum at The Hague on 29 October.
A Look at China's Financial Reform
RESEARCH - A paper submitted to CentralBankNet by Wu Chang Ming, senior economist at the People's Bank of China, currently on secondment at the Reserve Bank of New Zealand.
Niggles with new euro notes
NETHERLANDS - Dutch officials confirmed yesterday that 250,000 euros was snatched by a masked man from a bank in Amstelveen, near Amsterdam, shortly after a consignment was delivered on Monday. Five previous robberies in recent months, two in Italy and…
$10bn loan for Turkey goes through
US - The IMF yesterday finalised a package of $10bn in new lending for Turkey. Arguing that it needs the loan to cover the fall off in tourist revenue and the effects of a flight to quality following September 11, Turkey had asked for $12bn.
Bank of Poland under fire
POLAND - A Legislative tussle puts central bank's independence into question.
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - Remarks by President Santomero of the Federal Reserve Bank of Philadelphia before the Frontiers in Services Conference, Bethesda, MD, 26 October.
Fed's Santomero - Bank regulation may be a benefit
US - In response to the rhetorical question "does bank regulation help bank customers?" Anthony Santomero, president of the Federal Reserve Bank of Philadelphia, said "Sometimes yes. Sometimes no. It all depends."
Brown's proposals for reform of the IMF
UK - UK finance minister Gordon Brown says the IMF should be reformed and given more scope to pass judgement on member countries' economies.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Address by Horst Kohler, Managing Director, International Monetary Fund, St. Michael, Barbados, 5 November.
Speech by the Vice-President European Central Bank
SPEECH - Speech by C. Noyer, Vice-President of the European Central Bank, at the 30th Anniversary of the Association of Foreign Banks' Representatives, Frankfurt, 8 November.
EU accepts world trade deal
DOHA - A new round of global trade negotiations is moving closer to be launched, as the six-day ministerial meeting in Doha draws to a close.
Brazil's cen bank workers to strike on Wed - union
BRAZIL - Workers at Brazil's Central Bank in Brasilia say they plan to go on a 24-hour strike from midnight Tuesday, joining protests that have been interrupting the bank's state branches over the past week.