Articles by Central Banking Newsdesk
ECB’s Bini Smaghi: contagion must be contained through rules-based approach
European Central Bank member Lorenzo Bini Smaghi says countries should stop paying lip service and instead adopt a rules-based approach to stopping contagion
Margaret Cole joins UK FSA Board
Financial Services Authority promotes Margaret Cole to board as managing director of enforcement and financial crime
Banks upped exposure to troubled eurozone states in first quarter: BIS
Bank for International Settlements says first quarter figures show exposure to Portugal, Greece and Spain grew, in spite of default worries
Afghanistan’s Fitrat says Kabul Bank no longer in danger: reports
Bank of Afghanistan governor Abdul Qadeer Fitrat claims beleaguered Kabul Bank is out of danger, despite continued run on bank, reports say
Adia appoints new chief economist
Chief economist Ted Chu joins Abu Dhabi’s sovereign wealth fund from General Motors
ECB documents success of eurozone retail payment systems
European Central Bank releases comprehensive overview of the payments systems, including underlying concepts and the role of the central bank; book notes success of Step1 commercial payment system
Israel justifies rate hold
Bank of Israel minutes flag economic uncertainty as factor behind Governor Stanley Fischer opting to hold rates
IMF: policymakers benefit from data standards initiatives
Fund study says IMF data standards initiatives benefit quality of economic forecasts and subsequent policy decisions
BoE’s Haldane: China must not overshoot on financial reform
Bank of England executive director Andrew Haldane says China must continue to promote patience while harnessing impatience
Bank of Israel: FX intervention forced shekel depreciation
Bank of Israel study says ad hoc purchases successfully depreciated the value of the shekel against the US dollar
ECB’s González-Páramo highlights flaws in collateral framework
European Central Bank executive board member José Manuel González-Páramo acknowledges risks in central bank’s willingness to accept broad range of collateral
Settlement system gets go-ahead from RBNZ
Reserve Bank of New Zealand and Securities Commission give “statutory backing” country’s third settlement system; system a joint venture between central bank and stock exchange operator
Banks need more time to reform pay standards: IIF
Institute of International Finance says lenders need more than year to bring pay standards in line with Financial Stability Board’s principles; regulators must speed up coordination efforts
Trichet to be first head of European Systemic Risk Board
European Central Bank president Jean-Claude Trichet will chair continent’s new systemic risk board until the end of his term; proposal reflects compromise between parliament and national governments
Cleveland Fed: Foreclosure lowers home prices by 1.6%
Cleveland Federal Reserve paper finds effects of foreclosure on house prices larger than previously thought
NY Fed: Education promotes regional development
College-educated people spur economic growth, New York Fed research finds.
Inflation targeting survived crisis test: Norway’s Qvigstad
Norges Bank deputy Jan Qvigstad says increased transparency has been very valuable
Islamic banks affected differently by crunch: IMF
IMF research finds Islamic banks outperformed conventional rivals in 2008, but trend was reversed following year
Fuld and Fed’s Baxter at odds over Lehman failure
Ex-Lehman Brothers’ chief Dick Fuld blames Federal Reserve for failure of investment bank; New York Fed general counsel Thomas Baxter says central bank could not have provided liquidity lifeline
Bernanke: Fed won’t rule out leaning against wind
Regulation should be “first line of defence” against bubbles, but FOMC is monitoring financial imbalances
Central Bank of Turkey – Inflation Report (Q3 2010)
Central Bank of Turkey says recent figures have shown high inflation towards the end of 2009 to be a blip
Trichet advocates debt reduction to avoid “lost decade”
European Central Bank president Jean-Claude Trichet warns of potential perils facing Europe
NY Fed: capital structure best left to the market
New York Fed research supports view that some degree of leverage may ensure appropriate bank behaviour
Buba calls for Sarrazin to be sacked over racist comments
Bundesbank executive board votes unanimously in favour of removing Thilo Sarrazin; central bank takes firm line after Sarrazin’s anti-Semitic remarks spark outrage