Regulation
Fed best at policy communication? Not necessarily
UK - If you thought the U.S. Federal Reserve was the paradigm of central bank transparency while the European Central Bank struggled to communicate policy, think again. This comes from a recent report entitled "How Do Central Banks Talk?" published by…
Stanley Fischer - Farewell To the Staff
SPEECH - Speech by Stanley Fischer of the International Monetary Fund at the IMF Atrium, Washington, D.C., 1 October.
London remains dominant financial centre - Report
LONDON - London has retained its dominance as a global financial centre despite the introduction of the euro, according to figures published yesterday by the Bank for International Settlements.
UK accused of being 'money launderers' paradise'
UK - Britain still offers a safe haven for terrorist money and the authorities are doing virtually nothing about it, according to a damning report by a French MP.
Duma support foreign audit of Russian central bank
RUSSIA - The Duma Banking Committee has approved provisions, "On the organisation of audits of the annual financial statement of the Central Bank."
Thai central bank dep gov may leave Thirachai eyed
THAILAND - Thai central bank Deputy Governor Tanya Sirivedhin, the last of the top executives to have served prior to the July 1997 float of the baht, will resign, "The Nation" newspaper reports in Thailand, citing an unnamed Finance Ministry source.
Speech by the governor of the Bank of Latvia
SPEECH - Einars Repse, Governor, Central Bank of Latvia, spoke at the Conference "Banking and Finance in the Baltics 2001" Riga, Latvia, 19 September.
Bank of France printing employees continue strike
FRANCE - Employees at the Bank of France's printing plant at Chamalieres in the Puy-de-Dome department yesterday continued their strike observed since 12 September.
Moldova bank president confirms new policy
MOLDOVA - The president of the National Bank of Moldova has confirmed a new policy concerning the consolidation of the banking system of the republic.
BSP says role in AMC creation limited
PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the Philippine's central bank, yesterday, Monday 8 October, said its plans for creating an independent special purpose vehicle to handle banks' bad assets are limited to providing technical advice and…
Pakistan money-laundering clampdown
PAKISTAN - The Pakistani Government is urging its expatriates working in the United Arab Emirates to send their wages home through legitimate banking channels rather than via informal means linked to money-laundering.
Global push for money laws
US - The world's leading industrial countries are to put pressure on offshore financial centres to clamp down on funds which could be used to pay for attacks like last month's suicide hijackings in America.
Former rep. pleads guilty to stealing funds
USA - A former Massachusetts congressman and director of the Federal Reserve Bank of Boston has pleaded guilty to stealing more than $200,000 from the Hawthorne Hotel in Salem, the Federal Deposit Insurance Corp. Inspector General's office announced…
Reserve freezes accounts with bin Laden connection
AUSTRALIA - Australia's Reserve Bank has released a list of over 200 individuals and groups whose assets will be frozen if held in Australia.
Brazil c bank says report figures are "incorrect"
BRAZIL - Brazil reacted quickly to a Standard & Poor's report released this week, which warned of the growing risk of Brazil and stated that the government needs US$80 billion to finance its balance of payments in 2002.
Speech by Dr. Reddy Dep Gov, Reserve Bank of India
SPEECH - The Second Foundation Day Lecture by Dr. Y.V. Reddy, Deputy Governor, Reserve Bank of India, at Indian Institute of Management at Indore on 3 October. Speech title, Autonomy of the Central Bank: Changing Contours in India.
Central banks autonomy under global pressure
INDIA - Even though central banks may gain independence from their respective Governments, they may tend to be circumscribed by the compulsions of the international financial community, according to Dr Y.V. Reddy, Deputy Governor, Reserve Bank of India.
Unattended bag sparks bomb scare at MAS Building
SINGAPORE - It was not business as usual down at the MAS Building in Shenton Way after an apparent bomb scare led to parts of the building being cordoned off.
Bank of France printing employees strike to 5 Oct
FRANCE - On October 3 printing employees at the Bank of France at Chamalieres (Puy-de-Dome), on strike for three weeks, unanimously decided to continue action until 5 October.
Speech by Dr Y.V. Reddy of Reserve Bank of India
SPEECH - Inaugural Address by Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India, at Seminar on The Future of Government Securities Market in India organized by Primary Dealers Association of India, at Bangalore on 22 September.
Brussels seek breakthrough on financial regulation
BELGIUM - The European Commission will try to break a deadlock today in negotiations on the introduction of tough measures against money laundering, which have so far been resisted by the European parliament.
Japan moves to step up bank client checks
JAPAN - Japanese financial authorities are set to propose legislation that will force banks to strengthen background checks on customers in the wake of the 11 September terrorist attacks on the US.
Moves to curb cash laundering at bureaux de change
UK - Britain is the last European Union country not to regulate bureaux de change, which UK ministers believe act as a conduit for dirty money.
Bank of Finland plan to nominate new board members
FRANCE - Bank of Finland plans to nominate two new members for its board of directors.