Luxembourg
Mersch gets green light from ECB to join executive board
European Central Bank’s governing council delivers opinion on appointment of Luxembourg candidate to top board; process of Yves Mersch’s selection still far from complete
Luxembourg nominates new central bank chief
Replacement must be found for Yves Mersch before he moves to European Central Bank; new director-general nominated from finance ministry
'Little headway' made towards deepening integration in Europe, says Buba’s Dombret
Bundesbank executive board member Andreas Dombret says member states should lose fiscal policy sovereignty if they breach predefined deficit and debt limits under new fiscal compact
Interview: Gerard Hartsink
European Payments Council chairman Gerard Hartsink tells Yusuf Yassin he welcomes the decision to set end-dates for Sepa migration, but says concerns about the regulation, raised in October, remain
Luxembourg launches new central securities depository
Central Bank of Luxembourg prepares for adoption of Target2-Securities with launch of new central securities depository LuxCSD
BIS’s Caruana urges completion of regulatory reform agenda
Bank for International Settlements general manager Jaime Caruana highlights a number of challenges facing national authorities in implementing critical reforms
Malaysia’s Zeti urges more reforms to Islamic financial system
Bank Negara Malaysia governor Zeti Akhtar Aziz calls for further development of cross-border framework in Islamic financial system
Mersch on Basel III liquidity proposals
Central Bank of Luxembourg governor Yves Mersch says Basel III bank liquidity proposals will prevent build-up in liquidity risk
Mersch calls for clear government fiscal strategy
Central Bank of Luxembourg president Yves Mersch says sending clear message to restore fiscal sustainability is key to economic recovery
Central Bank of Luxembourg: banks pass stress tests
Central Bank of Luxembourg study shows local banks’ tier one capital buffers are sufficient to weather macroeconomic shocks
Pay cuts in Luxembourg rare
European Central Bank assesses the degree of wage flexibility in Luxembourg
Bundesbank makes biggest profit since 2001
The Bundesbank posted €6.3 billion ($8 billion) profit last year, it emerged on Tuesday.
ECB officials signal reluctance to cut to zero
Two senior officials at the European Central Bank (ECB) have indicated that the Frankfurt-based institution remains reluctant to follow the Federal Reserve's lead in cutting rates to near zero.
Price plunge won't herald deflation: ECB's Mersch
Though a fall in the price index at some point in 2009 is likely, such a slump should not be seen as a harbinger of deflation, Yves Mersch, the governor of the Central Bank of Luxembourg and a member of the European Central Bank's (ECB) Governing Council…
European authorities rescue Dexia
The Belgian and Luxembourg authorities on Tuesday presided over their second bank bailout in as many days, rescuing Dexia, the world's largest lender to local government, along with their French counterpart.
Benelux authorities part nationalise Fortis
The governments of Belgium, Luxembourg and the Netherlands have bought sizeable stakes in Fortis, Belgium's biggest lender, after capital fears triggered a cull in shares.
ECB comments push euro to fresh high
The euro surpassed the $1.60 mark for the first time in its history after European Central Bank (ECB) officials said they would act to contain rising inflation.
Strauss-Kahn complains of "overly powerful" ECB
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, has said that the lack of a political counterweight for the European Central Bank (ECB) has made the institution too powerful.
Subprime writedowns could total $400 billion: G7
Central bankers and finance ministers from the group of seven most powerful economies now believe subprime-related writedowns could far exceed previous estimates, Peer Steinbruck, Germany's finance minister, revealed.
Cyprus and Malta join gold agreement
Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.
Speculation of ECB cut builds on Mersch comments
Comments by Yves Mersch, a member of the European Central Bank's (ECB) governing council, have fuelled speculation that the central bank is set to adopt a more dovish monetary policy stance.
Decision supports ECB on counterfeit check
The European Central Bank (ECB) won backing from a French court on Wednesday for the right to use a method to detect fake notes.
EU and China agree measures on "severe" movements
A meeting between Jean-Claude Trichet, the president of the European Central Bank, and his Chinese counterpart, Zhou Xiaochuan, has resulted in the People's Bank of China saying it will co-operate with the EU to avoid "severe" fluctuations in exchange…
Liquidity risk is top issue: Luxembourg's Mersch
In the wake of the recent banking crisis, the most important regulatory issue is ensuring that the liquidity risk relating to complex structured products is adequately assessed, according to Yves Mersch, the governor of the Central Bank of Luxembourg.