Financial Stability
Sri Lanka launches new banknote series
Central Bank of Sri Lanka series in 20 years; new edition contains several new advanced security features and first SLRs5000 denomination
Commercial real-estate levelling off: Fed director
Federal Reserve’s director of banking supervision and regulation Patrick Parkinson strikes cautiously optimistic note on health of commercial real estate sector
Cut Bank’s vote on macroprudential body, say lawmakers
Influential parliamentary committee calls for Bank of England executive directors’ votes to be transferred to external members, citing amount of power vested in central bank
Duke defends Fed’s liquidity measures
Federal Reserve board member Elizabeth Duke says Fed bail-out was necessary for welfare of entire economy, not just banks
ECB provides liquidity bridge, not bailout: Papadia
European Central Bank’s director-general for market operations Francesco Papadia stresses central bank’s liquidity assistance only short-term, says new European rescue vehicles will ease market concerns
SNB’s Jordan: Switzerland can overcome economic challenges
Swiss National Bank governing board vice-chairman Thomas Jordan says Switzerland can master challenges brought on from economic crisis
Global recovery unbalanced, says IMF’s Strauss-Kahn
IMF managing director Dominique Strauss-Kahn concerned with unbalanced nature of global recovery
BIS reviews macroprudential literature
Literature review published by the Bank for International Settlements finds gaps in assessing the effectiveness of macroprudential tools, studying interaction with monetary policy
Estonia euro information campaign a success
Survey on euro adoption information campaign shows 97% of respondents were made aware of switch to single currency
ECB launches new statistics book
European Central Bank volume covers future of central bank statistics
Carry-trade inflows open to vicious circles, say Shin, Plantin
Centre for Economic Policy Research study shows interaction between capital inflows and monetary policy might destabilise carry trade
IMF paper identifies Brazilian interest rate regime switch
Fund study says Brazil’s relatively low interest rate level and lack of volatility are owing to regime changes
Central Bank of Egypt advises banks to close amid continuing protests
Some banks in Egypt close on Sunday and Monday on central bank guidance; Moody’s downgrades country on fears over political situation
Fed, Greenspan blamed for crisis by bulk of crisis commission
Six of ten members point finger at weak regulation and lack of awareness as to the goings-on in markets as causes of the crisis; four dissent, saying under-regulation claims overstated
RBNZ’s Bollard on international and domestic risks in 2011
Reserve Bank of New Zealand governor Alan Bollard identifies key risks to New Zealand economy in 2011
Paper fault has not damaged business, says defiant De La Rue
Banknote printer insists fault which has hammered share price and fuelled takeover spat with French rival has not blighted business; discussions with RBI “ongoing”
FCIC report: the major findings
Risk summarises the major conclusions from the commission report
Wellink calls on Africa to address sifis
Netherlands Bank president Nout Wellink calls on African region to take action against financial institutions that pose systemic threats
Ex-Vietnam governor linked to Securency bribery scandal
Payments from polymer-maker Securency alleged to have been channelled to fund education of former State of Bank of Vietnam governor Le Duc Thuy's child
Basel III should aim higher on capital targets: Bank research
Discussion paper published by Bank of England and co-authored by external rate-setter David Miles suggests Basel III common equity requirements are too low
LCH.Clearnet 'shocked' at Dodd-Frank capital requirement
Firm might not be able to live with 99% reduction in minimum capital requirement under Dodd-Frank Act, says chief executive
IIF’s Oudéa calls for G-20 taskforce for cross-border resolution
Institute for International Finance’s Frédéric Oudéa says G-20 taskforce will stir up political will for agreement on cross-border resolution
Strong US-Canadian financial linkages: Bank of Canada paper
Bank of Canada study finds strong evidence of spillover effect between financial conditions in the United States and Canada
Bank of England - Agents’ summary of business conditions (January 2011)
Bank of England’s January 2011 Agents’ summary of business conditions says severe weather conditions in December had negative impact on household spending