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Cost of UK borrowing hits ten-year high
Banks borrowing sterling over a three-month period yesterday found the cost at a near-ten-year high as the major UK financial institutions sought medium-term funding to help them survive the financial volatility in the credit markets.
Thailand to hold risk management event
The Bank of Thailand said on Monday that this year's research event will cover 'Managing Financial Risks for the Coming Decade'.
Islamic finance growing fast - Malaysian governor
Tan Sri Dato' Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, said that the Islamic finance industry is expanding by 15% to 20% a year, with demand outstripping supply.
Central Bank of Libya - 2005 Annual Report
Legislation passed in 2005 has led to a more independent Central Bank of Libya. The Banking Law Number 1 allowed the central bank greater autonomy in deciding monetary and credit policy, and banking supervision.
Fed Board's Mishkin writes on housing crisis
In a timely paper, Frederic Mishkin, one of five current members of the Federal Reserve's Board of Governors, has emphasised the importance of the housing industry on the US economy. Mishkin said: "The housing market is of central concern to monetary…
Paramonova to leave Russian central bank
Tatiana Paramonova, first deputy chairman of the Central Bank of Russia (CBR), is to quit her office in September.
Gambia holds rates at 15%
The Central Bank of the Gambia said that an increase in food prices meant that it had to keep its benchmark rediscount rate at 15%.
Strauss-Kahn and Tosovsky vie for top IMF job
Dominique Strauss-Kahn, the former French finance minister, and Josef Tosovsky, the head of the Financial Stability Institute, are the only two candidates for the top job at the International Monetary Fund (IMF).
Bank-run claims "partially misleading": Bundesbank
The Bundesbank has said newspaper claims that Axel Weber, the president of the central bank, compared the current market turmoil to a classic bank run were "partially misleading".
IMES series covers Asian economic trends
The Institute for Monetary and Economic Studies at the Bank of Japan has published a discussion paper e-series covering a host of topical Asian issues.
Targeting is the best approach - Canada's Duguay
Pierre Duguay, a deputy governor of the Bank of Canada, said that the central bank would continue to use inflation targeting as part of its monetary policy.
Banknotes remain important - SA chief economist
Monde Mnyande, the chief economist of the South African Reserve Bank said that the ratio of coins and notes in circulation to gross domestic product has risen since 2004, after the ratio had declined steadily since the mid seventies.
Ryback moves to Korean regulator
William Ryback, the former deputy chief executive of the Hong Kong Monetary Authority, is to join the Financial Supervisory Service (FSS), Korea's market regulator.
Barclays revealed as BofE borrower
Barclays, a commercial bank, said Thursday that it was the bank that borrowed £1.6 billion ($3.2 billion) from the Bank of England's standing facility.
Parliament reads Singapore CB bill
The Parliament of Singapore conducted its first reading of the Monetary Authority of Singapore (MAS) Bill on 27 August.
Australia announces ATM reforms
The Reserve Bank of Australia said it will introduce reforms that will give the public more information on the cost of using ATMs.
Bernanke keeps markets guessing
In a wide-ranging review of the causes of the turbulence in financial markets and the role of housing finance in triggering it, Ben Bernanke, the chairman of the Federal Reserve, committed the Fed to take action as needed to promote financial stability.
Albanian governor promotes transparency
Ardian Fullani, the governor of the Bank of Albania, highlighted the central bank's efforts to create a more transparent monetary policy framework in a recent speech.
Role of regulator is changing - Sri Lankan deputy
Ranee Jayamaha, the deputy governor of the Central Bank of Sri Lanka, has said that regulators should take a more principles-based and risk focused approach towards rule making.
Notes on surviving illiquidity
The Cleveland Federal Reserve Board has published a paper that examines crashes and recoveries in illiquid markets.
Kyrgyz Republic - 2006 Annual Report
Financial supervision in the Krygyz Republic developed in 2006 as the central bank continued its implementation of the core principles of the Basel Committee for Banking Supervision.
Japan unaffected by Fed decision says Mizuno
Atsuki Mizuno, a member of the Bank of Japan's monetary policy board, said Thursday a Federal Reserve rate cut would not stop a possible Japanese hike.
Nigeria halts currency redenomination
The Central Bank of Nigeria has suspended its redenomination of the Naira at the request of the country's president, Alhaji Umaru Musa Yar'Adua.