Central Banking staff
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The future of UK regulation
In this speech, Dan Waters, director of Retail Policy at the Financial Services Authority, provides an overview of the main principles and applications of the authority's much-praised "principles-based" supervision.
Japanese consumers to keep economy floating
The International Monetary Fund predicts an economic expansion in Japan of 2.3% this year, followed by 1.9% in 2008.
Assessing financial soundness indicators
This paper analyses the relationship between selected macroeconomic and financial soundness indicators (FSIs) such as capital adequacy, asset quality and profitability.
A primer on Islamic finance
This IMF working paper provides a review of the current state of market development in Islamic finance and examines the legal and economic implications of shariah compliance.
Research on negative savings rates
This research by the New York Fed suggests that the macroeconomic risks and those to individual households' well-being, associated with negative personal savings rates are overstated.
Monetary policy and the labour market
This speech Irma Rosenburg, first deputy governor of the Swedish Riksbank, explores the relationship between monetary policy and the labour market.
Policy pitfalls in an asset-dependent world
In this week's edition of his weekly market commentary Morgan Stanley Chief Economist, Stephen Roach, says that American policymakers should stop blaming others for the global imbalances.
Too strong rupee?
This article from the International Herald Tribune suggests that calls are mounting on the Reserve Bank of India to stem the strengthening of the rupee.
IMF wants Dominican CB bill passed
A delegation of the International Monetary Fund to the Dominican Republic has pushed for the country's congress to pass a bill to recapitalise the central bank with $200m.
PBoC deputy weighs in on exchange rate battles
With the US and China engaged in talks over the latter's large trade surplus, Su Ning, the deputy governor of the People's Bank of China has said that the surplus has not been caused by the yuan-dollar exchange rate but that the country nonetheless…
BoE contemplated 0.5% rate hike
The Bank of England considered raising interest rates by 50 basis points at the Monetary Policy Committee meeting of 9-10 May, the meeting's minutes showed.
Thai CB cuts rates again
In an effort to revitalise the economy, Thailand's central bank has cut interest rates for the fourth time since the start of 2007, reducing the one-day bond repurchase rate from 4% to 3.5%.
Fed's Lacker: core inflation still too high
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said on 22 May that core inflation was still too high and rising expectations of future price pressures was a source of concern.
FSA's inaction on split caps chided
The UK's Financial Services Authority (FSA) has been criticised for closing a five-year investigation into the split capital investment trust scandal without taking action against any individuals or firms.
The outlook for the Indian economy
In the speech Dr Y.V. Reddy, the governor of the Reserve Bank of India, discusses macroeconomic performance, the financial sector, the short term outlook, and the challenges and strengths of the Indian economy.
Monetary operations in China
This Bank of Japan Working Paper suggests that the People's Bank of China's money market operations have been focused mainly on China-US interest rate differentials for the sake of stability in the Renminbi exchange rate after the July 2005 reform.
Governors matter - new paper
This new working paper from the Peterson Institute for International Economics looks at whether or not monetary policy expectations are affected by the appointment of a new central bank governor.
Central banks and economic research
In this speech, Jean-Claude Trichet, the president of the European Central Bank, emphasises the importance of research to the work central banks do.
What next from Chinese reserve managers?
These two articles analyse this week's announcement that the new agency managing part of China's $1.2 trillion in foreign reserves will buy a $3 billion stake in the American private equity firm, Blackstone Group LP.
Cyprus's Orphanides prioritises euro entry
The newly-appointed governor of the Central Bank of Cyprus, Athanasios Orphanides, has told the country's parliament that overseeing a smooth introduction to the euro in January is the central bank's number one priority.
Norwegian oil fund up 1.5%
Norway's Government Pension Fund - Global produced a total return on investment of 1.5% during the first quarter of 2007, which the Bank of Norway said was 0.09 percentage points above the benchmark set by the government.
New board for German regulator
A new board will govern BaFin, the German banking supervision agency, following an internal fraud scandal that gripped the agency in 2006.
Hedge funds to rebuff German regulators
According to reports, updated guidelines on best practice published by hedge fund industry associations on 22 May will not heed German calls for a full voluntary code of conduct for the industry.
A new RTGS system for Iraq
The Iraqi central bank has reportedly started with the implementation of a new electronic real-time gross settlement payment system.