Regulation
ADB keen to help Manila's money laundering rules
PHILIPPINES - The Asian Development Bank, or ADB, is keen to help the Philippines draft rules to implement effectively Manila's new law against money laundering.
Russia's plan to combat money laundering
RUSSIA - The Russian government has announced it plans to set up a financial watchdog as part of a broader effort to cut out financial crime.
Bank of Spain criticised by anti-corruption office
SPAIN - The Spanish anti-corruption prosecution office has criticised the Bank of Spain for not helping it in the case affecting the private bank operation BBVA Privanza in the tax haven of Jersey.
Buba declines comment on job cuts report
GERMANY - The Bundesbank on Wednesday declined to comment on a newspaper report it would have to slash 6,000 jobs or around a third of its workforce under a reform aimed at streamlining its structure.
NBU appoints Sharov to its int'l relations dept
UKRAINE - The National Bank of Ukraine has appointed Professor Oleksandr Sharov to replace Oleksandr Kireiev as the director of its international relations department, the National Bank of Ukraine's press service has announced.
Sweden's Riksbank to sell Tumba Bruk
SWEDEN - Sweden's central bank, Sveriges Riksbank, has signed a letter of intent with Crane & Co. (CR) of the U.S. regarding the sale of AB Tumba Bruk.
Indonesia's Sabirin convicted in Bank Bali case
INDONESIA - Indonesia's central bank governor Sjahril Sabirin was yesterday, Wednesday, convicted of fraud for his role in the 1999 politically-charged Bank Bali scandal that led to the downfall of former president B J Habibie.
EU commission likely to propose ECB board reforms
ARTICLE - The impetus for a reform of the European Central Bank's Governing Council to prepare it for EU enlargement will almost certainly have to come from Brussels as agreement among existing ECB members will be problematic, a source close to the issue…
Philippine c bank to scrutinise money changing ops
PHILIPPINES - The Philippine central bank has said that it will closely monitor small money changing operations to plug a possible loophole in the country's new anti-money laundering legislation.
Charles Goodhart appointed to Bank of England post
NEWS RELEASE - Appointment at The Bank of England.
ECB voting reform urgently needed economists claim
UK - The way in which the European Central Bank sets interest rates needs to be reformed urgently in order to prepare for enlargement of the European Union, a group of leading economists said.
Egypt names deputy c bank head as new chief
EGYPT - Egypt on Tuesday named Deputy Central Bank Governor Mahmoud Abu el-Ayoun as head of the central bank, Egypt's official state-owned Middle East News Agency (MENA) said.
PWC to carry out Ukraine national bank audit
UKRAINE - The audit of the National Bank of Ukraine in 2001 will be done by the PriceWaterhouseCoopers company. Such was the decision by the NBU board, NBU board chairman Anatoly Halchynsky is quoted as saying.
All taken in Goodhart
UK - Charles Goodhart, the London School of Economics professor of banking and finance, is to return to the Bank of England at the beginning of next year.
Speech by Edward Gramlich of the Federal Reserve
SPEECH - Remarks by Governor Edward M. Gramlich, of the Federal Reserve Board, at the CRA and Fair Lending Colloquium, Boston, Massachusetts, 23 October.
Dallas fed board chairman and dep reappointed
US - The Federal Reserve Board of Governors has reappointed H. B. Zachry chairman and Patricia Patterson deputy chairman of the Federal Reserve Bank of Dallas board of directors for the year 2002, beginning 1 January.
Economists say King should prepare for BoE top job
ARTICLE - Wanted from Spring 2003: a safe pair of hands to steer British monetary policy through economic storms and likely turbulence over European monetary union.
Polish PM - Govt won't curb c bank independence
POLAND - Polish Prime Minister Leszek Miller pledged Thursday 25 October in his maiden policy address to parliament that his new government will take no steps to curb the independence of the central bank and its rate-setting Monetary Policy Council, or…
Parliament delays 'fit and proper' test for BI
INDONESIA - The Commission IX of the House of Representatives finallydelayed the fit and proper test for Bank Indonesia's Deputy Governorcandidates due to limited time and heavy schedules of the boardmembers of the Budget Sub-Committee.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - A lecture presented before The Institute of Governmental Affairs, University of California, Davis, California, 18 October, by William Poole, President of the Federal Reserve Bank of St. Louis.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Chairman Alan Greenspan, before the National Council on Economic Education, Chicago, Illinois (via videoconference) 26 October.
New Zealand Reserve Bank sells Auckland building
NEWS RELEASE - The Reserve Bank of New Zealand has sold its building located at 67 Customs Street, Auckland.
Emergency meeting on terrorist funds
US - An international taskforce is to hold an emergency meeting in Washington to decide what can be done to trace and block terrorist funds.
Soros: Global economic report criticised at launch
REPORT - Billionaire investor George Soros Thursday launched the draft of a "Report on Globalization" that he offered as his blueprint for a fairer and more stable global financial system. He was given a rough ride by some big hitters in the world of…