News
UAE central bank to upgrade UAESWITCH
The UAE Central Bank has announced the signing of a contract with S2 Systems to upgrade the UAESWITCH system.
Central bank officials criticise Israel's Klein
A report claims that the Bank of Israel has been shaken recently by an internal crisis which saw governor David Klein presented with a growing list of complaints from department heads.
Uganda's central bank suffers unprecedented loss
The central bank of Uganda says it made a loss of Shs 7.7 billion in the year to June 30 2003 as a result of low returns from its investments abroad.
Bank Negara unveils new anti-copy notes
Bank Negara Malaysia has unveiled its new RM10 notes which contain an anti-copy security feature in the form of a holographic strip on the front.
Eurozone inflation rate falls in December
The annual inflation rate for the 12-nation eurozone fell to 2.1 per cent in December from 2.2 per cent the previous month, according to an initial estimate by Eurostat data agency released on Monday 5 January.
Italy plans new financial regulator
Italian finance minister Giulio Tremonti has said he wants a new financial regulator which will have authority over whole spectrum of financial services to reduce risks of another Parmalat-type scandal.
Mosul Central Bank rebuilding begins
Work has begun to rebuild Mosul Central Bank, destroyed in the Iraq war.
Former deputy governor of BoE knighted
David Clementi, former deputy governor of the Bank of England has been awarded a knighthood on the New Year honours list.
Greenspan congratulated for good year's work
Alan Greenspan, chairman of the Federal Reserve and his colleagues havebeen praised for their work in 2003 by private economists in a survey.
BoE in court over handling of BCCI
The Bank of England finds itself in court over its handling of the Bank of Credit and Commerce International, which collapsed in 1991. But journalists should think twice before waxing self-righteous and indignant.
Bank of England falls prey to e-mail hoax
Hundreds of thousands of hoax e-mails have bounced back to the Bank of England. The e-mail asks recipients to download an attachment confirmed to hold a virus.
Russia's new attack on money-laundering
The Central Bank of the Russian Federation is working on an 'early warning system' against money-laundering.
Drink-driving Duisenberg faces fine
Wim Duisenberg, the former president of the European Central Bank, tested two times over the legal limit when stopped by Amsterdam police for a breathalyser test. He is now due to appear in court.
Europe and the dollar
If the dollar retreat of 2003 turns into the rout of 2004, what will be the options facing policy makers? Soundings among Europe's senior central bankers suggest American officials are making a big mistake if they assume that in a dollar crisis they will…
China hints at looser dollar peg
China's central bank new description of its exchange rate policy hints at plans to allow greater movement against the US dollar.
Interview with Mexico's Ortiz
Guillermo Ortiz, the governor of Mexico's central bank, has warned that the failure to introduce needed reforms will limit economic recover.
Duisenberg at a discount
Despite a splendid send-off in October, including a blizzard of awards from European countries, the image of Wim Duisenberg, the former president of the ECB, is starting to fade, CentralBankNet can exclusively reveal.
2002 statistics for CPSS countries payment systems
This annual BIS publication provides data on payments and payment systems in the CPSS countries: Belgium, Canada, France, Germany, Hong Kong SAR, Italy, Japan, Netherlands, Singapore, Sweden, Switzerland, United Kingdom and the United States.
Minutes of BoJ monetary policy meeting
The Bank of Japan monetary policy board met on November 20 and 21. The members agreed that the economy was starting to recover gradually and voted unanimously to maintain the current guideline for money market operations with the target range of "around…
Is There a Digital Divide?
The new edition of the San Francisco Fed's "Economic Letter" asks whether the region enjoys an advantage over the rest of the US in terms of the digital literacy of the population.
FMC on the Bush Fed, capital flows & Beige Book
The Financial Markets Centre, an independent non-profit reserach centre which studies the work of the Federal Reserve has released three new papers, on the Fed during the "Bush II" era, the impact of the US capital account deficit, and an analysis of the…
Hong Kong measures its banking supervision
The Hong Kong Monetary Authority (HKMA) has released its annual assessment as to how how well local banks are meeting the Banking Code. According to the HKMA Hong Kong banks are nearly fully compliant.
Yam reviews financial stability arrangements
In his weekely web column, Joseph Yam, chief executive of the Hong Kong Monetary Authority reviews how the HKMA monitors financial stability through its new regular "Financial Stability Report".
Putting the square mile to the test
Now that the Bank of England can no longer be seen as the champion of the City to government, will London lose out as a financial centre? The Centre for the Study of Financial Innovation (CFSI) held a meeting of interested parties earlier this month to…