Financial crisis
Fed backs down in Supreme Court battle with Bloomberg
Federal Reserve drops appeal against ruling forcing it to reveal names and details of banks that borrowed in crisis; move draws Fed’s involvement in two-year long battle to a close
Bolivia’s Tellería on central banks and regulation
Central Bank of Bolivia acting president Gabriel Loza Tellería says central banks must take part in prudential regulation; need new macroprudential mandate
Basel III could have softened crisis: BIS's Caruana
Bank for International Settlements general manager Jaime Caruana says crisis could have been very different had Basel III framework been in place
National Bank of Cambodia - Annual Report 2009
National Bank of Cambodia’s Annual Report for 2009 says southeast Asian economy expected to return to growth this year
IMF’s Portugal identifies key information gaps
IMF deputy managing director Murilo Portugal lays out areas for improvement in filling information gaps
FSoc to debate measures to toughen money market funds
US Presidential Working Group including Federal Reserve chairman Ben Bernanke and Treasury secretary Timothy Geithner proposes eight steps to prevent runs on money market funds
RBA’s Ellis: no single best organisational framework for regulation
Reserve Bank of Australia head of financial stability department Luci Ellis says regulators’ organisational structure less important than ability to respond to financial distress
RBI: external debts in India rising
Reserve Bank of India Monthly Bulletin shows external debts increased over the second quarter of 2010
Bail-ins win further support
Bail-in capital meets with favour from speakers at London School of Economics conference
Take more proactive role in macroprudential policy, DSK tells Asia
IMF managing director Dominique Strauss-Kahn says emerging markets should lead by example and complement strong recovery with sound macroprudential policies
Academics embark on €1.8m project to predict crises
European Union-funded project will see economists, computer scientists and physicists cooperate in bid to improve financial forecasting
IMF: currency crises studies inaccurate
Fund research finds earlier studies on currency crises fail to identify volatile market fundamentals
Monetary policy cannot correct over-leveraging: Bank’s Miles
Higher interest rates will not prevent build-up of debt, which amplified effects of recent crisis, says Bank of England rate-setter David Miles
RBNZ reports NZ$111m loss
Reserve Bank of New Zealand makes loss after appreciation in New Zealand dollar, slashes dividend payment to government
ECB: monetary policy could have prevented the crisis
European Central Bank study finds low benchmark rate had significant role in lax lending standards before crisis
T&T solves remittances anomaly
Central Bank of Trinidad and Tobago study explains drop in remittances to developing world
Estonia expects to undershoot growth
Bank of Estonia Economic Review forecasts decline in growth despite improvements in labour productivity
RBA’s Ellis warns of complacency over new Basel rules
Reserve Bank of Australia head of financial stability Luci Ellis calls for diligent policing of financial markets; says Basel rules are insufficient protection
Basel Committee demands more rigorous governance standards
Basel Committee on Banking Supervision issues new corporate governance principles for banks; calls for independent chief risk officer
BaFin's Sanio: no fix for cross-border failure
Jochen Sanio says supervisors nowhere near to solving “key issue” highlighted by crisis; flags lack of communication on Lehman Brothers
Too big to fail solution essential, says Weber
Bundesbank president Axel Weber says financial system will be unsafe unless too big to fail problem is solved
Bernanke stresses importance of financial education
Federal Reserve chairman Ben Bernanke says financial literacy is important part of school curriculum
Polish banking sector curbed growth in crisis
National Bank of Poland study shows banking sector played significant role in economic slowdown during financial crisis
No alternative to bail-in capital: Bank's Tucker
Bank of England's Paul Tucker attacks bankers' concerns that bail-in capital will rattle investors; Sweden's Ingves says conversions achievable