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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.
Singapore risk management
ARTICLE - G10 central bank study says that consolidation has heightened possibility of systemic risk. Central banks of G10 countries recently released a joint study on the impact of consolidation on financial risk, payment systems and monetary policy,…
MAS speech - Credibility, Confidence, Dynamism
SPEECH - Keynote Address by DPM Lee Hsien Loong, Chairman MAS, at MAS 30th Anniversary Conference, 20 July.
30th Anniversary of MAS - prime minister speech
SPEECH - Prime Minister of Singapore, Goh Chok Tong at the Monetary Authority of Singapore's (MAS) 30th Anniversary Dinner, 20 July.
BoJ urges move on measurement of bad loans
JAPAN - The Bank of Japan has discreetly urged the Financial Supervisory Agency, the main regulator in Japan, to develop better methods for measuring questionable bank loans, writes the Financial Times in London, 19 July.
World Bank questions US plan for the poor
ITALY - On the eve of the G8 summit of world leaders in Genoa, a potentially embarrassing row has broken out between President Bush and other world leaders over how to best help the poor.
ECB leaves interest rates unchanged
GERMANY - The European Central Bank (ECB) left eurozone interest rates unchanged, despite evidence of an economic slowdown.
Eurostat launches online economic database
UK - The European Union's statistical office Eurostat has launched a "Euro-indicators" subscription database aimed at economists and other professionals, some of whom complain that detailed data are hard to obtain.
Philippine bank expands dollar hedging facility
PHILIPPINES - The Philippine Central Bank said today, 19 July, its policy- making Monetary Board has approved the expansion of coverage under the currency risk protection program, a hedging facility managed by the monetary authority.
Bank of Canada names deputy gov of finance markets
CANADA - Sheryl Kennedy has been asked to serve as deputy governor of financial markets for Bank of Canada.
National Bank of Hungary - Annual Report 2000
ANNUAL REPORT - The National Bank of Hungary has published its Annual Report for the year ended 2000.
Central bank Cooperation planned
POLAND - The National Bank of Poland (NBP) has officially signed cooperative agreements with its French and Italian counterparts at a ceremony in Warsaw.
Singapore MAS to hold 30th anniversary conference
SINGAPORE - The Monetary Authority of Singapore (MAS) will host a central bankers' conference tomorrow, 20 July to mark its 30th anniversary, the central bank said in a statement on Wednesday 18 July.
Putting Africa Front and Center
SPEECH - Remarks to the United Nations Economic and Social Council by James Wolfensohn, President of The World Bank Group, Geneva, Switzerland, 16 July.
Horst Kohler on African Economic Development
SPEECH - International Monetary Fund Managing Director Horst Kohler has given an address at the United Nations Economic and Social Council, Geneva, 16 July.
The Brazilian Supervisory Framework - Developments
RESEARCH - Brazil's central bank, Banco Central Do Brasil, has recently published a paper tiltled 'Recent Developments in the Brazilian Supervisory Framework - Consolidated Supervision in Brazil.'
Debt Workouts For Corporates, Banks And Countries
SPEECH - David Clementi, Deputy Governor of the Bank of England has spoken at the INSOL International Sixth World Congress at the Hilton Metropole Hotel in London today, 19 July. He spoke about common themes to debt workouts for corporates, banks and…
Bank of Mexico - Annual Report 2000
ANNUAL REPORT - The Bank of Mexico has published its Annual Report for the year ended 2000.
Thai bank agrees with cabinet time zone shift idea
THAILAND - The Thai cabinet intends to accelerate economic growth by turning clocks forward one hour, to bring Thai time in line with regional economic powerhouses such as Singapore, Malaysia and Hong Kong, the Bangkok Post reported Wednesday. Thailand's…
Bank of Italy merger veto curbs ambitions of banks
ITALY - Bank of Italy Governor Antonio Fazio's continued opposition to mergers between leading Italian banks is proving to be a big drag on the sector as domestic mergers and acquisitions are the only way Italian banks can grow to catch up with larger…
C Bank - Favoured firms made $bn in Milosevic era
YUGOSLAVIA - Yugoslav companies given special privileges during the rule of Slobodan Milosevic creamed off more than 8.3 billion German marks ($3.66 billion) in extra profits, the central bank said on 18 July.
Meyer takes aim at the Greenspan legacy
US - Kansas City Fed President Thomas Hoenig, who broke a recent pattern of Federal Open Market Committee unanimity by voting against a half-percentage-point rate cut on May 15, is not a real FOMC dissident, reports Dow Jones news.
Russian bank reform - key topic at autumn session
RUSSIA - Minister for Economic Development and Trade of Russia, German Gref, after the traditional meeting of Russia s President Vladimir Putin with the m embers of the Cabinet in the Kremlin informs, that Putin demands that actions o f the Central Bank…