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US offers $250bn in capital, markets shrug
Washington's unveiling of a $250 billion plan to recapitalise its banking sector did little to soothe equity-market sentiment on Tuesday, with gains at the opening bell proving short-lived.
Financial integration in Asia
A recent collection of eight papers from the Bank of International Settlements focuses on regional financial integration in Asia.
FSA's Turner: we learned from Great Depression
We have learned from the Great Depression that in the face financial collapse, governments and central banks must take exceptional measures, said Adair Turner, the chairman of the UK's Financial Services Authority.
ECB's Bini Smaghi calls for regulatory overhaul
It is not sustainable to run different financial regulation and supervision policies, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
Why failed bank executives must go
Senior management of banks that require public assistance should be replaced, says Robert Pringle, the editor-in-chief of Central Banking journal.
EU agrees to re-capitalise banks
European Union (EU) officials on Sunday agreed to follow Britain's lead in pledging to inject sufficient capital into the region's battered banks.
Australia, NZ guarantee all deposits
Australia and New Zealand became the latest countries to guarantee all deposits over the weekend.
Britain re-capitalises banks, warns on bonuses
British authorities on Monday warned banks to review their compensation structures after pledging up to £37 billion ($64 billion) to re-capitalise some of the country's largest banks.
Markets rally on global bailout
Equity markets bounced on Monday on signs that coordinated action taken over the weekend had helped soothe investor sentiment.
US bailout to include "significant" equity stake
The US Treasury is likely to spend a very significant amount of the $700 billion at its disposal on recapitalising the US's battered banking sector, an official who will oversee the Troubled Asset Relief Plan (TARP) told an audience in London on Monday.
Bank of Estonia - Annual Report 2007
In 2007, Estonia started, after several years of exceptionally strong growth, moving towards a more stable and sustainable level of expansion, said Andres Lipstok, the governor of the Bank of Estonia, the latest Annual Report.
RBI's Subbarao: don't overlook us in crisis
Policy makers from developed countries need to take emerging markets and developing countries into consideration in their responses to the current turmoil, noted Duvvuri Subbarao, the governor of the Reserve Bank of India.
Valuation at the heart of crisis: Banque de France
Valuation issues lie at the heart of the financial turmoil, Banque de France stated in its latest Financial Stability Review.
Crisis has spared India: deputy Mohan
India has by-and-large been spared of the consequences of the fallout from the US subprime crisis, Rakesh Mohan, a deputy governor at the Reserve Bank of India, said.
BoJ minutes reveal thinking behind dollar funding
The minutes of the Bank of Japan's Monetary Policy Meeting on 18 September reveal discussions that led to the central bank introducing dollar fund-supplying operations against pooled collateral as a temporary measure.
Rosengren on aid to money market funds
Eric Rosengren, the president of the Boston Federal Reserve, argued that many assumptions about the financial system have proven to be seriously flawed.
Worldwide cuts are not enough
The coordinated cuts by six of the most powerful central banks could prove a useful step in improving market sentiment. But only if it is coupled with more action at both a national and international level, Avinash Persaud, the chairman of Intelligence…
IMF should monitor stability: Riksbank's Ingves
Stefan Ingves, the governor of the Riksbank, called for the International Monetary Fund (IMF) to be given a greater role in promoting financial stability.
Icelanders protest outside central bank
Icelanders have staged a protest outside the country's central bank reportedly calling for the resignation of the governor, David Oddsson.
India slashes reserve ratio by 150 basis points
The Reserve Bank of India on Friday lowered its reserve requirement ratio by 150 basis points in a bid to ease liquidity tensions brought on by the global turmoil.
DSK proposes "action plan" for crunch
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), on Friday urged governments to guarantee retail, interbank and money-market deposits.
Markets plunge, interbank rates rise despite cut
The unprecedented half-point coordinated rate cut by six of the most powerful central banks on Wednesday has done little to abate the panic in global equity and interbank markets.
FOMC September minutes: balancing risks
Both downside risks to growth and upside risks to inflation were a significant concern to the Federal Open Market Committee (FOMC), the minutes from the 16 September meeting reported.
On to the euro: Romania's Annual Report
The National Bank of Romania's Annual Report for 2007 marked the end of one era as the country joined the European Union and the start of a new one as the country prepares to join the euro.