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Indonesia says postpones c.bank law debate to May
Indonesia said on Mar 14, 2001 it had postponed hearings on controversial central bank law changes, a move that could help break a deadlock in negotiations with the IMF.
ECB plans statement on banking supervision - paper
The European Central Bank plans to issue an official warning to governments not to curb the role of central banks in banking supervision, a German newspaper reported on Mar 14, 2001.
Academic to replace BOJ board 'hawk' Shinotsuka
A leading supporter of higher interest rates on the Policy Board of Japan's central bank is expected to be dropped when her term ends this month.
Brash says no rate cut could have sent NZ $ down
New Zealand's Reserve Bank Governor Don Brash said on Mar 14, 2001 that not cutting the official interest rate may have had the paradoxical effect of bringing easier monetary conditions through a lower exchange rate.
Fed Meyer backs reserve interest, Treasury against
Federal Reserve Governor Laurence Meyer on Mar 13, 2001 reiterated the Fed's support for legislation that would allow it to pay interest on the reserves that banks are required to maintain with the central bank.
Serdengecti appointed Turkish cbank governor
Turkey's president Ahmet Necdet Sezer approved on Mar 13, 2001 a decree regarding appointment of Sureyya Serdengecti as the central bank governor.
Gaby Fiszman made economic adviser to Israeli PM
New Israeli Prime Minister Ariel Sharon appointed on Mar 13, 2001, a Bank of Israel official as his economic adviser, a statement from his office said.
Greenspan to appear at Al Gore's journalist class
Federal Reserve Chairman Alan Greenspan is scheduled to appear before Columbia University journalism students on Mar 21, 2001 as a part of former vice president Al Gore's journalist course on covering national affairs.
Communist Laos admits failures in managing economy
The secretive communist Laotian government said on Mar 13, 2001 it had mismanaged the economy over the past five years, triggering hyperinflation and a tumbling currency.
MAS liberalises SGD swap rules for offshore banks
Following its recent decision to liberalise trading in Singapore dollar swaps, the Monetary Authority of Singapore said Mar 13, 2001 that effective March 1 it has allowed offshore banks to enter into currency swaps of any amount with non-banks.
Argentine cbank head asks judge to suspend probe
Argentina's Central Bank President Pedro Pou asked a federal judge on Mar 12, 2001 to stop a congressional commission investigating charges he turned a blind eye to money laundering from voicing its conclusion.
Thailand, Japan close to currency swap deal-paper
Thailand and Japan are close to concluding a bilateral currency swap agreement in the next few months as part of a regional arrangement to support Asian currencies in crisis, the Nation newspaper said on Mar 13, 2001.
Basel Accord major challenge for Asia banks-HKMA
Recent proposals aimed at strengthening the global financial system pose a major challenge for banks and regulators in Asia, the Hong Kong Monetary Authority said on Mar 13, 2001.
Lithuania boosts cbank independence in law
The Lithuanian parliament on Mar 13, 2001 approved amendments to the law on the central bank aimed at cementing its independence and giving the institution more freedom to shape monetary policy.
Effects of measurement error on the output gap-BoJ
RESEARCH PAPER - A new working paper "Effects of Measurement Error on the Output Gap in Japan" by Koichiro Kamada and Kazuto Masuda from the research department of the Bank of Japan discusses theoretically how measurement errors and quality changes in…
UK banks at fault over Abacha money laundering-FSA
RESEARCH REPORT - The UK Financial Servicies Authority has concluded an investigation into UKbanks' financial dealings with the deposed Nigerian leader, General SaniAbacha. The report is strongly critical of control failures at 15 UK bankswhich laundered…
Bank of England Quarterly Bulletin - Spring 2001
RESEARCH PAPER - The Bank of England has published the spring 2001 issue of the Quarterly Bulletin, the first issue to be published to a new timetable separated from the quarterly Inflation Report. There are four key articles, mainly dealing with the UK…
Head of Colombian cbanks defends his policies
The managing director of the Central Bank of Colombia, Miguel Urrutia, has denied in an interview that the bank is responsible for Colombia's economic crisis and 20.5 per cent unemployment.
Korea foreign currency transactions surged in 2000
Foreign exchange transactions by domestic financial institutions, including spot and futures markets, increased sharply in 2000 to $8.9 billion a day, up from $6.9 billion in 1999, the Bank of Korea said on Mar 11, 2001.
New and improved BIS website is launched
The Bank for International Settlements (BIS) announced on Mar 12, 2001 that its redesigned and improved website is now available at www.bis.org.
Reynders says he not pushing for a 'Mr Euro'
Belgian Finance Minister Didier Reynders said on Mar 12, 2001 he was not pushing to create a "Mr or Mrs Euro" to speak for the common currency and that controversal reform of the Eurogroup had been put on hold.
BoF forecast Finnish inflation above euro-zone avg
Finnish inflation would stay above euro-zone levels and buoyant domestic demand could feed price pressures though the overall inflation outlook had improved, the central bank said on Mar 12, 2001.
China probes bank loans in stock markets - paper
China's central bank has launched a probe into domestic banks which might have lent money for stock speculation, state media said on Mar 12, 2001.
BoF Fogelholm to head Finnish Bankers' Association
The Finnish Bankers' Association said on Mar 12, 2001 that Markus Fogelholm would replace retiring chief executive Matti Sipila in Sept 2001.