Banks
Chaps can cope with payments outages
If a financial institution is unable to make - but able to receive - payments, Chaps, the UK's large-value payment system, will ensure that settlement banks stop making payments to the institution, reducing systemic risk, new research from the Bank of…
Fiji's Reddy calls on banks to offer microfinance
There is no reason why all banks cannot provide microfinance, said Sada Reddy, the governor of the Reserve Bank of Fiji.
Core business for core financial institutions
Core financial institutions should not be allowed to undertake excessively risky positions such as naked short-selling, says a draft report from a UN commission.
CEE central banks' reaction mixed on Latvia
The views of officials from other Central and Eastern European central banks on this week's escalation of Latvia's currency crisis are mixed.
Denmark urges banks to accept government offer
The National Bank of Denmark said on Thursday that almost half of its largest banks could go bust if they do not sign up to a government-funded initiative.
Germany's Merkel attacks central banks
Angela Merkel, the chancellor of Germany, on Tuesday criticised the unconventional measures taken by central banks around the globe and called on them to revert to sane and independent monetary policy.
Finland's Hakkarainen: retail payments not core
Central banks should not provide retail-payment services themselves, said Pentti Hakkarainen, the deputy governor of the Bank of Finland.
The Nederlands Bank - Annual Report 2008
In the years ahead, banks will reduce their dependence on short-term funding in the wholesale markets and focus more on serving domestic customers, says Nout Wellink, the president of the Dutch central bank in its latest Annual Report.
Norway's Qvigstad: banks need more capital
Banks need more capital to improve access to funding and to be more robust, said Jan Qvigstad, the deputy governor at the Norges Bank.
Banks back to deposit funding - Norway's Gjedrem
Deposits must again take precedence as the largest funding source for banks, said Svein Gjedrem, the governor of the Norges Bank.
Fed outsources in-house cheque images system
The Federal Reserve has decided to migrate its archive of cheque images to a private provider in an effort to reduce costs.
Governance role to shift in crisis aftermath
Central bank governance is set to change in the aftermath of the financial crisis as institutions' roles adapt, a report out Monday has said.
ECB's Papademos: injections staved off collapse
The expansion of liquidity to the eurozone's banks since August 2007 has ensured that a systemic crisis was averted, said Lucas Papademos, the vice president of the European Central Bank.
Canada's mortgage market imperfectly competitive
Canada's residential mortgage market is imperfectly competitive, a paper published by the country's central bank posits.
Banks right to lend cautiously: BoE's Barker
The British government's strategy of encouraging British banks to lend received a setback on Wednesday after Kate Barker, a member of the Bank of England's Monetary Policy Committee (MPC), said that she could understand their reluctance to lend.
India wants to attract overseas bankers
Highly-skilled people from abroad are now available at a reasonable cost in view of employment cuts abroad and may propel India towards high-speed growth in all the sectors, said Shyamala Gopinath, the deputy governor of the Reserve Bank of India.
G20 working group: development banks must lend now
Multilateral development banks and other international financial institutions should step up their counter-cyclical efforts to offset capital flight from emerging markets, says a report from a working group prepared for the G20 London summit.
Bernanke: emergency aid will be repaid
The Federal Reserve's support facilities for specific institutions carry more risk than traditional central bank liquidity support, but we nevertheless expect to be fully repaid, said Ben Bernanke, the chairman of the central bank.
G20 group: more supervisory colleges needed
Regulators should collaborate to establish supervisory colleges for all major cross-border financial institutions, says a report from a working group prepared for the G20 London summit.
Spain's Ordoez: politics is costly
Involving savings banks in the political debate makes it immensely difficult to find flexible and effective solutions, said Miguel Ordoez, the governor of the Bank of Spain.
Soros urges G20 to agree on SDR reallocation
George Soros, one of the world's most renowned hedge-fund managers, has called on G20 leaders to endorse the reallocation of rich country's SDR quotas with the International Monetary Fund (IMF).
We won't let banks fail - Nigeria's Soludo
Chukwuma Soludo, the governor of the Central Bank of Nigeria, said on Monday that the central bank will not allow any of the domestic banks to fail.
European banks to drop interchange fees by 2012
The European Commission and the European Central Bank (ECB) have told European banks to get rid of interchange fees on direct debit transactions by 31 October 2012 under EU antitrust rules.
Shirakawa terms measures "extremely extraordinary"
The Bank of Japan's decision earlier this month to directly provide quasi-capital funds to banks through subordinated loans was an "extremely extraordinary" measure, Masaaki Shirakawa, the governor of the central bank, has emphasised.