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Philippine Bank will strictly enforce Forex rules

PHILIPPINES - In a stern warning to banks deemed responsible for several days of volatility in the peso market, the Philippine Central Bank said today, 23 July it will strictly implement existing sanctions against violators of foreign exchange rules,…

IMF International Capital Markets Report, 2001

CENTRALBANKNET'S SPECIAL REPORT - We have only to look back over the events of the past two weeks to see just how dramatically sentiment has shifted in the past year. Argentina is in the spotlight again; Turkey never far out of it. Will the global…

Russian major bank ratings improve

RUSSIA - Fitch, the international rating agency, has changed the Outlook to Positive from Stable assigned to the Long-term ratings of 'B' of the Savings Bank of the Russian Federation (Sberbank) and Vneshekonombank (VEB). The banks' Short-term,…

Korea needs to monitor emerging markets

SOUTH KOREA - BOK Gov. Korea should pay close attention to developments in Latin American markets to prevent shockwaves reaching the peninsula, Bank of Korea (BOK) Gov. Chon Chol-hwan said on 18 July.

Non-bank Chinese institutions need funding

CHINA - China's central bank wants to draw private capital into investing in hundreds of cash-starved non-bank financial institutions to boost their financial strength, according to China Securities.

IMF press conference in London

UK - At 10am UK time today, 20 July, Garry Schinasi chief of the IMF's Capital Markets and Financial Studies Division spoke at a press conference held at the Bank of England.

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