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SARB Bank Supervision Dep't Annual Report 2003
The South African Reserve Bank on 15 July published its Bank Supervision Department Annual Report for the year ended 2003. The year was somewhat less turbulent for the South African financial system and banking sector than the preceding two years, the…
HKMA's Topping on latest perspective on Basel II
Speech by Simon Topping, Executive Director, Banking Policy, Hong Kong Monetary Authority at the City University of Hong Kong Professional Seminar on Latest Perspective on Basel II, 19 July 2004.
IMF's Prasad on growth and stability in China
In a speech on 'Growth and Stability in China: Prospects and Challenges' given on 17 April, Eswar Prasad of the IMF said what Chinese policymakers need is a potent set of tools to create the sort of economic transformation that would prepare China for…
Xiaoling on China & Africa as developing countries
In a speech on 'China and Africa as developing countries' given on 25 May, Wu Xiaoling of the People's Bank of China said China is the largest developing country in the world, and Africa is the continent with the largest number of developing countries…
OECD chief to visit Japan and discuss economy
The secretary general of the Organization for Economic Cooperation and Development, Donald Johnston, will start a five-day visit to Japan on Tuesday 20 July for talks with Cabinet ministers and business leaders on issues such as Japanese economy and…
Court hears BCCI claims 'implausible'
Lawyers for the Bank of England said on Monday 19 July that allegations that 22 of its officials acted with dishonesty when they allowed Bank of Credit and Commerce International SA to operate in the UK are "fundamentally implausible."
OECD urges Japan to keep up regulatory reform
Regulatory reform is already well under way in Japan but should be continued and strengthened if Japan is to reap all the opportunities of its current recovery, according to a new OECD report.
Bundesbank reports German economy picking up
Growth of the German economy, the biggest in the euro zone, is likely to have outpaced the first-quarter rate of 0.4% in the second quarter of the current year, the Bundesbank said on Monday 19 July.
Chicago Fed Letter, August 2004
The latest edition of the Chicago Fed Letter for August 2004, titled 'Economy to continue cruising along,' says the outlook for 2004 is for the US economy to have its best growth in seven years, growing at a rate above potential, and leading to a fall in…
Fed's Bies on risk management
In a speech on 'Using Enterprise-wide Risk Management to Effectively Execute Business Strategies' given on 16 July, Susan Schmidt Bies of the Federal Reserve said credit cards and bank overdraft protection are drawing the attention of regulators because…
Central Bank of Turkey - Annual Report 2003
The Central Bank of Turkey has published its Annual Report for the year ended 2003. Although the formation of a new Government partially alleviated the domestic political uncertainties, the worries over the Iraqi operation in March 2003 and the…
PBOC's Ning on China's economic development
In a speech on 'China's economic development and the current macroeconomic policy' given on 9 June, Su Ning of the PBOC said China's exchange rate reform is still underway. In light of China's current stage of economic development, performance of the…
MAS's Palmer on Basel II and beyond
In a speech on 'Basel II and beyond' given on 12 July, John Palmer of the Monetary Authority of Singapore said we should not look at the release of the final version of Basel II as the end of the process to set more risk-sensitive capital adequacy…
Retired bank grandees face grilling in BCCI trial
Monday 19 July marks the first day of the Bank of England's defence in the BCCI court case. The final judgement could still be two years away. Special CentralBankNet report.
Meyer's book lifts lid on life inside the Fed
Former Federal Reserve governor Laurence Meyer's new book reveals some insights on life inside the Fed. This review says Meyer was advised against saying anything in a speech that might move financial markets. In the book, Meyer writes that Chairman Alan…
Central bank staff may okay job action in Israel
The Bank of Israel labor union will meet next week to officially approve "lengthy strikes," Haaretz reported Friday 16 July. Central bank employees struck for one day last May.
Polish finance minister resigns to join IMF
Polish Prime Minister Marek Belka said that Finance Minister Andrzej Raczko was leaving the government for a post at the International Monetary Fund and would be replaced on Wednesday by the economist Miroslaw Gronicki, AFP reported Friday.
Eurozone inflation eases to 2.4% in June
Eurozone inflation fell slightly in June to 2.4 percent on a 12-month basis from 2.5 percent in May, final data from the EU's statistical office Eurostat showed on Friday 16 July.
Japan 'half way' to overcoming deflation
While deflation has shown signs of easing in Japan, rising raw material prices still haven't affected consumer goods, signalling that price declines will continue, Japan's Cabinet Office said in its white paper on the economy.
Trichet confident Asian growth remains on track
ECB chief Jean-Claude Trichet was in Singapore on Friday 16 July for a meeting with East Asia-Pacific central bank governors. Trichet said he is confident that the global interest rate environment remains benign and regional growth, led by China, is…
Brazil to propose central bank autonomy in 2005
Brazils government will present a proposal to grant the Central Bank autonomy by 2005, Finance Minister Antonio Palocci was quoted as saying in the Friday July 16 edition of the Financial Times.
Austria's Liebscher on Bretton Woods institutions
In a speech on 'The importance of the Bretton Woods institutions for small countries' given on 21 June, Klaus Liebscher of the Austrian National Bank said he is a firm believer in the value of the Bretton Woods Institutions for the global economy as a…
EMEAP - Eurosystem high level seminar in Singapore
Eleven Central Bank Governors from the Executives' Meeting of East Asia-Pacific (EMEAP), the President of the European Central Bank and twelve Governors from the Eurosystem National Central Banks held a joint high-level seminar in Singapore on 16 July.
BoJ's Monetary Policy Meeting Minutes, 14/15 June
The Bank of Japan released the minutes from its 14 and 15 June Monetary Policy Meeting on 16 July. Members said that many economic indicators released since the previous meeting were relatively strong for Japan, and agreed that the economy continued to…