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Tumpel-Gugerell: we need a European SEC
Europe's needs to get its house in order to be prepared for the global challenges related to the infrastructure for securities, said Gertrude Tumpel-Gugerell, a member of the executive board f the European Central Bank.
Norges's Gjedrem: rethink deposit guarantee
Reducing commercial bank deposit guarantees per customer would bring the Norwegian system more into line with guarantee schemes in other countries, said Svein Gjedrem, the governor of the Norges Bank.
Market pressure matters for capital
Market pressure was an important factor in the banks' capital build-up during the early 1990s, according to a new paper by the National Bank of Belgium.
Geithner skips FOMC meeting
Tim Geithner, the president of the New York Fed and the Federal Reserve System's chief crisis manager since the outbreak of the credit crisis, did not attend Tuesday meeting of the Federal Open Markets Committee (FOMC). Geithner stayed behind in New York…
Fed holds rates, room for future cuts
The Federal Reserve has defied market expectations for a cut, opting to keep interest rates on hold at Tuesday's monetary policy meeting.
Bank shake-up on both sides of Atlantic
As part of the dramatic and rapid alteration of the financial industry in recent days, Barclays has announced that it is interested in buying part of Lehman Brothers' investment banking business, while Lloyd's is in talks with HBOS about acquiring the…
Rupee recovers on RBI intervention talk
India's rupee recovered from a two-year low on Wednesday after the Reserve Bank of India announced measures to boost dollar supply and curb exchange-rate swings.
Central banks in third day of cash support
Central banks around the world continued for a third consecutive day to pump cash into global money markets on Wednesday.
Questions remain after historic Fed loan
The American government's decision to initiate a far-reaching rescue of American International Group (AIG) breaks a number of historic precedents and raises a number of fundamental questions about the role of government in the financial system.
EU candidate countries' financially stable
The financial systems of EU candidate countries Croatia, Macedonia and Turkey are in a good position to resist adverse shocks, according to a new paper from the European Central Bank.
Kenya's Ndung'u on regional integration efforts
Harmonisation of East African banking supervision and regulation is at the top of the agenda of regional central banks, said Njuguna Ndung'u, the governor of the Central Bank of Kenya.
China's Hu: subprime challenges reserve management
China's reserve management faces big challenges after the subprime crisis, said Hu Xiaolian, a deputy governor of the People's Bank of China.
Papademos: China should rethink monetary tools
China's battle against inflation requires enhancing the room for manoeuvre in monetary policy, said Lucas Papademos, the vice president of the European Central Bank.
Immigration and Germany's labour market
A recent paper from the Bank of Italy examines the impact of immigration to Western Germany in the 1990s on wages and unemployment.
Trends in large-value payments
New research from the Federal Reserve Bank of New York identifies global trends in large-value payments.
Brazil's Meirelles: tightening will continue
The Central Bank of Brazil is committed to bringing inflation to the 4.5% midpoint of its inflation target during 2009, said Henrique Meirelles, the governor of the central bank in a recent speech.
Trichet: new rules need international consent
New regulatory rules need to be agreed by regulators at the international level, said Jean Claude Trichet, the president of the European Central Bank.
Interview: Carlo Tresoldi
"Without intervention it will be difficult to meet the timescale of 2010 for migration to the new Single Euro Payments Area (SEPA) instruments," Carlo Tresoldi told Centralbanknews.com on Tuesday.
King sees high inflation remaining
Mervyn King, the governor of the Bank of England, expects inflation in the United Kingdom to remain "markedly" above the central bank's target well into next year.
China to be No.2 in payments
China could overtake the eurozone as the world's second biggest payments market early next decade, according to a new report.
Fed faces crunch call, market now prices in cut
Financial markets have dramatically adjusted expectations of the outcome interest-rate decision to be announced by the Federal Open Market Committee (FOMC) late on Tuesday.
Fed hosting crisis talks for insurance giant
The Federal Reserve Bank of New York is facilitating crisis talks between state insurance regulators, private sector investors and the management of American Insurance Group (AIG) to devise an emergency capital injection for the beleaguered insurance…
Banks scramble for fresh cash offers
For the second day running, central banks have pumped vast amounts of liquidity into overnight money markets, as interbank rates soared following the collapse of Lehman Brothers and heightened uncertainty over the health of the financial sector.
Interdependence requires payment overhaul
Central banks need to adjust their oversight of payment and settlement systems to the new reality of heightened interdependence in financial markets, said Haruyuki Toyama, a deputy director general at the Bank of Japan at SIBOS, an industry forum…