Risk
Barclays chief hits out at watchdogs
UK - The head of banking giant Barclays has warned City watchdogs against imposing overzealous regulation, or risk seeing financial services business lost abroad.
Banks review systems for managing risk
UK - Risk managers at banks in Britain and Ireland are re-examining defences against rogue traders following the loss of $750m (£532m) by Allied Irish Banks last week.
Speech by Koh Yong Guan, MD of the MAS
SPEECH - Koh Yong Guan said in the speech that the central bank is issuing an industry consultative paper on "credit portfolio stress testing," and the feedback from this will be used to formulate the guidelines. "Financial institutions in Singapore can…
Poland deploys technology in reserve management
POLAND - Trema today announced that the National Bank of Poland has selected Finance KIT, Trema's straight-through processing treasury, risk and asset management solution, to automate its reserve management in preparation for Economic and Monetary Union…
NZ's Brash - Encouraging signs from US
NEW ZEALAND - Reserve Bank of New Zealand Governor Donald Brash said Friday that there are "encouraging" signs of improvement from the U.S. but Japan remains the biggest risk to the local economy.
Speech by J Alfred Broaddus Richmond Fed President
SPEECH - In the speech 'Thoughts on the Economic Outlook for 2002' Broaddus said that the Fed's policy moves to date have been "significant" and will help with the economic recovery.
IMF Working Paper - Contagion and Shifting Risk
RESEARCH - IMF Working Paper - Pure Contagion and Investors Shifting Risk Appetite: Analytical Issues and Empirical Evidence by Manmohan Kumar and Avinash Persaud, September 2001.
US Fed issues revisions to payments system risk
US - The Federal Reserve Board on Tuesday issued revisions to its policy statement on payments system risk that it said "should alleviate liquidity pressures" that were identified during a broad review of the policy.
Eurozone economy 'is on the brink of recession'
ARTICLE - The eurozone economy may shrink in the fourth quarter of this year, and there is a risk of outright recession, according to the latest growth indicator produced for the Financial Times, FT Deutschland and Les Echos.
Risk Management Practices and Regulatory Capital
REPORT - The Joint Forum Risk Management Practices and Regulatory Capital Cross-Sectoral Comparison, November 2001.
RBI nominee directors to handle risk management
INDIA - Following adverse criticism in the Lok Sabha of the role of RBI and government directors on bank boards, the ministry of finance has decided to concentrate on risk management skills of nominee directors of Reserve Bank of India and the government…
ECB Welteke sees euro zone recovery "rather soon"
DENMARK - Bundesbank President Ernst Welteke on Monday voiced cautious optimism that the euro zone economy would recover relatively soon and reiterated recent monetary developments did not pose an inflation risk.
Speech by M R P Devakula, Bank of Thailand, 12 Oct
SPEECH - Opening Remarks by Governor M.R. Pridiyathorn Devakula of Thailand's central bank at Market Risk Management Techniques for the BIS Capital Regime Seminar, United Nations Conference Center, Bangkok, 12 October 2001.
Bank of Japan Monetary Policy Meeting
REPORT - Bank of Japan Monetary Policy Meeting, 29 October. Outlook and Risk Assessment of the Economy and Prices (October 2001).
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Remarks by Governor Laurence H. Meyer, at the Bank Administration Institute's Conference on Risk Management, New York, NY, 15 October.
Meyer: Basel rules take time, need bank support
US - New rules on risk management and bank capital standards will take longer to set up than either banks or regulators want but they are too complicated to rush, Federal Reserve Governor Laurence Meyer said in a speech on Monday 15 October.
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 President Santomero of Philadelphia Fed
SPEECH - Remarks presented by President Santomero of the Federal Reserve Bank of Philadelphia before the Ninth Conference on Pacific Basin Finance, Economics and Accounting, Rutgers University, New Brunswick, NJ 21 September.
Risk deals unrestricted in Latvia
LATVIA - The Latvian Finance and Capital Market Commission on 28 September lifted previous restrictions on Latvian bank's risk deals with residents of Estonia and Lithuania, reported the commission.
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.
Speech by William Poole on economic prospects
SPEECH - Speech by William Poole President of the Federal Reserve Bank of St. Louis, Risk Management Association, Evansville, Indiana 20 September.
Fed extends deadline on payment risks policy
US - The Federal Reserve Board extended until Nov. 16 the deadline for public comment on the potential longer-term direction of its policy on payments system risk.
Banks voice opinion they will ride out the turmoil
UNITED STATES - Banks were quietly confident yesterday that they could survive the financial market implications of Tuesday's attacks.
Thai MPC to evaluate c bank market actions
THAILAND - Thai central bank Deputy Governor Pakorn Malakul Na Ayudhya said 21 August that when the Monetary Policy Committee meets Aug. 29, it will look into risk management and standards for Bank of Thailand's activity in the foreign exchange, bond and…