Articles by Central Banking Newsdesk
Monetary policy not responsible for land price bubbles: Minneapolis Fed’s Kocherlakota
Minneapolis Federal Reserve president Narayana Kocherlakota disputed claims that land price bubbles are a consequence of loose monetary policy
Trichet on ESRB mandate
European Central Bank president Jean-Claude Trichet outlines vision for European Systemic Risk Board
Fed wants right to choose which nonbanks pose systemic threat
Federal Reserve rule proposes that it will have discretion to determine whether nonbank financial firms come under Financial Stability Oversight Council’s watch on case-by-case basis
Spain should consider regulatory overhaul: FSB peer review
Financial Stability Board peer review calls for Spanish authorities to consider new regulatory structure once market turmoil has subsided; separate review of Italy also published
Czech President names new rate-setter
Czech economist Lubomír Lízal to replace Robert Holman on Czech National Bank rate-setting committee; bank board member Pavel Řežábek reappointed for second term
Buba’s Weber says EU agreement on fiscal sanctions lacks ambition
Bundesbank president Axel Weber says reforms of Stability and Growth Pact lack ambition and leave too much room for political discretion
Tackling fiscal deficit a priority: Shirakawa
Bank of Japan governor Masaaki Shirakawa says Tokyo must not allow fiscal deficit imbalance to persist just because it has not yet been punished in bond markets
Bank of Israel justifies rate hike
Bank of Israel minutes of discussion with narrow and broad forum explain reason behind interest rate hike for February
Economics must be more practical: Barbados’s Worrell
Central Bank of Barbados governor DeLisle Worrell calls for more practical approach in economic literature
Bank of Canada paper on mortgage discount rates
Bank of Canada study shows mortgage lenders discriminate against those with less favourable spending patterns
Bank of Finland reforms research unit
Bank of Finland takes on permanent research staff as part of change in internal research unit
Crisis will not push SWFs to mull long-term shift: WikiLeak
Leaked diplomatic cable shows sovereign wealth funds rushed to liquid assets in immediate aftermath of crisis, but experts did not expect long-term portfolio shift
SEC names new general counsel
Securities and Exchange Commission appoints deputy general counsel for litigation and adjudication Mark Cahn to head regulator’s law department
Unemployment rate will take several years to normalise: Bernanke
Federal Reserve chairman Ben Bernanke expects unemployment rate to take several years to return to normal levels
RBA - Monetary Policy Statement (February 2011)
Reserve Bank of Australia February 2011 Monetary Policy statement expects Cyclone Yasi to disrupt growth in early 2011
Screening distant borrowers presents challenges: Netherlands Bank paper
Netherlands Bank study examines effectiveness of lending to distant borrowers during crises
Securitisation limits debt renegotiations: Chicago Fed paper
Chicago Federal Reserve study says mortgage securitisation reduces likelihood of renegotiating debt and raises probability of foreclosures
No new deal on bailout: Trichet to Dublin
European Central Bank president Jean-Claude Trichet says Irish politicians should not attempt to renegotiate terms of the EU-IMF bailout; opposition leaders critical of ECB’s role
NY Fed adds two primary dealers
MF Global and Société Générale Americas Securities join New York Fed’s cadre of primary dealers
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
FDIC names new general counsel
Federal Deposit Insurance Corporation selects special adviser Michael Krimminger to head legal division
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
Canada’s Macklem calls on firms to raise investment
Bank of Canada senior deputy governor Tiff Macklem says Canadian businesses will need to up their investment spending to compete in global market