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BoE's Dale: housing to impact banks

The deterioration in the housing market is likely to impact banks' balance sheets, leading them to tighten further the supply of credit, said Spencer Dale, the chief economist and a member of the Monetary Policy Committee (MPC) of the Bank of England.

Mboweni: reserve growth must go on

The central bank does not regard the current level of foreign exchange reserves as excessive, given the economy's high current-account deficit, said Tito Mboweni, the governor of the South African Reserve Bank.

Thailand can weather the storm

Thailand's banks are strong enough to weather the current global turmoil, said Bandid Nijathaworn, a deputy governor of the Bank of Thailand.

Tumpel-Gugerell: we need a European SEC

Europe's needs to get its house in order to be prepared for the global challenges related to the infrastructure for securities, said Gertrude Tumpel-Gugerell, a member of the executive board f the European Central Bank.

Draghi: widen scope of monetary policy

Monetary policy should aim at a greater symmetry throughout the cycle and cannot afford to neglect innovations affecting the structure of the financial system, said Mario Draghi, the governor of the Bank of Italy.

Tumpel-Gugerell on SEPA for cards

Once SEPA for credit transfers and direct debits are in place, the European Payments Council will devote its full energy on to a harmonised and integrated cards market, said Gertrude Tumpel-Gugerell, a member of the executive board of the European…

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