Regulation
Greenspan urges teachers, students to use Web site
UNITED STATES - If Federal Reserve Chairman Alan Greenspan has his way, the nation's school children will soon be adding monetary policy to their regular courses on reading, writing and arithmetic.
Fed chairman Greenspan to testify to Congress
US - US Federal Reserve Chairman Alan Greenspan will testify before the congressional Joint Economic Committee on Wednesday 17 October.
Philippine central bank orders banks to prepare
PHILIPPINES - The central bank has required banks to submit a contingency plan within 30 days to contain possible risks arising from the terrorist attacks in the US last month, central bank deputy governor Alberto Reyes said.
Brazilian regulators make the right move
BRAZIL - Brazil's central bank has done its share of manoeuvring to stem the damaging plunge of the country's currency this year.
House to choose BI deputy governors next month
INDONESIA - The House of Representatives will choose new deputy governors for Bank Indonesia in the second week of October, ending the vacuum which has left the three positions empty since early this year.
Russian government approve banking reform strategy
RUSSIA - The Russian government approved, in broad outline, a banking reform strategy in Russia on 27 September.
Central bank attempts to improve capital market
CHINA - People's Bank of China Governor Dai Xianglong said the ongoing crackdown on illegal transfers for stock purchases is part of a strategy to improve the local equities market, China Daily reports Friday 28 September.
BI governor surrenders passport
INDONESIA - Bank Indonesia governor Sjahril Sabirin handed over on Tuesday 25 September his passport to the Directorate General of Immigration in response to the government regulation that bans crime suspects from travelling overseas.
Ten firms submit material for audit tender, Russia
RUSSIA - Ten audit firms have submitted additional materials for participation in a tender to perform an annual audit on the Central Bank of Russia for 2001, deputy head of the State Duma budgetary committee, Ashot Yegiazaryan, told Interfax.
Basel Committee Working Paper
RESEARCH - Basel Committee on Banking Supervision. Working Paper on the regulatory treatment of operational risk. Bank for International Settlements, September 2001.
Basel Committee Working Paper on pillar 3
RESEARCH - Basel Committee on Banking Supervision. Working Paper on Pillar 3 - Market Discipline. Bank for International Settlements, September 2001.
Offshore banks warned over controls
UK - Offshore financial centres, which include the Channel Islands and the Isle of Man, face a "bleak future" unless they improve anti-money laundering controls in the wake of the terrorist attacks in the US, Britain's main financial regulator warned…
Russia's Geraschenko to step down in a year's time
RUSSIA - Russian financiers were in lively discussion of the probable resignation of Central Bank Chairman Viktor Geraschenko. Until now, Geraschenko always smiled when asked to confirm or deny rumors concerning his impending resignation. On 20 September…
RBNZ appoints new forecasting manager
NEW ZEALAND - Bernard Hodgetts, who occupied the post of chief economist, is leaving the ANZ Banking Group (NZ) Ltd to take up a role at the Reserve Bank of New Zealand.
Bundesbank chief backs tighter scrutiny
Germany's Bundesbank put its weight behind Berlin's efforts to combat money laundering and tighten up scrutiny of potential terrorist accounts on Tuesday, in spite of possible infringements of bank secrecy.
Tokyo seeks US support to curb yen rise
Senior Japanese officials yesterday hinted that Tokyo was stepping up its efforts to win tacit US support for measures to prevent the yen from strengthening in the aftermath of last week's terrorist attacks in the US.
RBNZ reminder re economic sanctions
NEWS RELEASE - The Reserve Bank has written to banks and financial institutions reminding them of their obligations in regard to United Nations sanctions that apply in New Zealand.
Fin regulators plan public meet on privacy notices
US - Eight financial regulators announced plans Monday 24 September for an all-day meeting on privacy notices under new banking laws.
Greenspan to meet with Senate panel
US - Federal Reserve Chairman Alan Greenspan plans to hold a closed-door meeting Tuesday 25 September.
G7 respond to Bush's call to freeze accounts
US - Washington's G7 partners have begun to respond to President George Bush's call yesterday to freeze financial accounts of a list of suspected terrorist organisations and individuals linked to them.
Update on the Basel Accord
REPORT - Update on work on the New Basel Capital Accord published September 2001.
Japan's regulators try to resolve banks' bad loans
JAPAN - In recent years, Japan has repeatedly frustrated foreign investors with its failure to resolve its decade-long bad loan mess.
Basel plan on capital may quiet criticisms
US - Regulators working on a revision of international bank capital rules announced Friday 21 September that they will back off a number of proposals that the industry has criticised.
Financial regulators set for action
US - Following last week's terrorist attack, US financial regulators are set to clamp down.