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Research finds East Asian ratings discrepancy
A significant discrepancy exists between agency ratings and market-based default risk measures for East Asian banks, according to a paper published by the Hong Kong Monetary Authority on Tuesday.
Yam hails innovation but urges caution
"The forces generated by financial innovation need to be properly harnessed," Joseph Yam, the chief executive of the Hong Kong Monetary Authority said on Monday.
SEC and FSA chiefs to discuss hedge fund rules
Paul Atkins, the commissioner of the US Securities and Exchange Commission, and Hector Sants, the chief executive of the UK Financial Services Authority, will meet with senior hedge fund professionals to ask if funds should be regulated and to see what…
National Bank of Macedonia - Annual Report 2006
Petar Goshev, the governor of the National Bank of Macedonia, judged 2006 a successful year for the central bank.
Norway raises rates
Norway's central bank surprised markets by hiking its benchmark rate 25 basis points to 5% on Wednesday.
Poland and Romania hold rates
The central banks of Poland and Romania decided on Thursday to leave their benchmark rates unchanged at 4.75% and 7% respectively.
Sudan to switch dollar reserves
The Bank of Sudan has said it is looking to replace its dollar reserves with euros and other currencies by the end of 2007 to lessen the impact of US sanctions.
New governance head at Norwegian oil fund
Anne Kvam, a legal director at paper producer Norske Skog, will replace Henrik Syse, as head of corporate governance at Norges Bank Investment Management, the Central Bank of Norway's sovereign wealth fund.
Further rapid growth in foreign exchange trading
The volumes of foreign exchange traded has grown by 65% over the last three years, the preliminary results of the Bank for International Settlement's (BIS) triennial survey reveal, with global daily turnover averaging $3.2 trillion in April 2007.
BoE bulletin reviews UK reaction to turmoil
The Bank's quarterly bulletin for the third quarter covers developments in sterling financial markets from June to September, which marked the beginning of the current bout of stress in the global financial markets.
Sentance links UK inflation with global economy
The openness of the UK economy makes inflation vulnerable to global forces in the short term said Andrew Sentance, an external member of the Bank of England's Monetary Policy Committee, on Monday.
Bank of Botswana - Annual Report 2006
Rising inflation was the biggest policy challenge the Bank of Botswana faced in 2006.
Riksbank's Ingves justifies openness
Stefan Ingves, the governor of the Riksbank, said on Monday that the central bank chose to adopt a transparent monetary policy framework in order to become a more democratic and efficient institution.
IMF warns against over-regulation following crisis
Jaime Caruana, the head of capital markets at the International Monetary Fund, on Monday urged financial regulators to avoid introducing a raft of rules in reaction to recent events in global money markets.
Currency reform set for delays - Nigeria's Soludo
Charles Soludo, the governor of the Central Bank of Nigeria, said reforms of its naira currency, set out in mid-August, are on hold until the central bank meets with the government.
Slovakia holds rates
The National Bank of Slovakia decided to keep its benchmark rate at 4.25% on Tuesday.
Dugan to replace Witteveen at joint forum
John Dugan, the comptroller of the currency in the US, will head the Joint Forum, a group of senior financial sector regulators, following the death of Dirk Witteveen, an executive director at the Netherlands Bank, earlier this month.
EU re-designs euro coin to exclude Turkey
The new design of the euro coin - set to be introduced next year in Slovenia, Malta and Cyprus - will not feature Turkey despite its inclusion in the original plans.
Politicians want more power to veto Bank
An enquiry into the crisis at Northern Rock by Treasury ministers is expected to result in calls for their colleague, the chancellor of the exchequer, to be able to overrule the Bank of England and the Financial Services Authority (FSA).
Some grim reading for bankers
A paper published by the European Central Bank has found the interdependence of lending decisions by national subsidiaries of global banks can lead to contagion.
Bank of Haiti - Annual Report 2005
Despite social and political turmoil, Haiti's economy grew by 1.8% over the 2004/05 financial year. Private sector investment increased by 5.6% in 2005, after contracting by about 14% the previous year.
Subprime was trigger not cause: Fed's Warsh
Kevin Warsh, a governor of the Federal Reserve, said on Friday that the subprime crisis sparked, rather than produced, the recent bout of money-market turmoil.
Argentina is "riding the storm": Redrado
Martin Redrado, the governor of the Central Bank of Argentina, said his country has dealt with the recent global market turmoil because of better macroeconomic management.
Germany is the ECB's biggest fan
Out of the five major Eurozone economies, it is Germany, the largest, that is most confident that the European Central Bank (ECB) fulfils its primary roles of managing inflation and encouraging growth.