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Bosnia, Turkey sign supervisory MoU
The central banks of Bosnia and Herzegovina and Turkey have agreed to share information on banks operating in both jurisdictions.
Beige Book flags improved expectations
The latest edition of the Federal Reserve's Beige Book, compiled from evidence gathered by the 12 regional Feds, notes that contacts from across the United States had said their expectations for the economy had improved.
Mexico to contribute more to IMF: Ortiz
Guillermo Ortiz, the governor of the Bank of Mexico, has said that the country will contribute more to International Monetary Fund (IMF) coffers in future.
Cyprus's Orphanides on inflation targeting
Inflation targeting has had a positive influence on policy even among central banks that have chosen not to adopt it, Athanasios Orphanides, the governor of the Central Bank of Cyprus, has said.
The equity premium and the volatility spread
The spread between historical and risk-neutral volatilities is seen as a function of the risk premium and of skewness by researchers at the Bank of Canada.
HKMC - 2008 Annual Report
The Hong Kong Mortgage Corporation, a state entity run out of the Hong Kong Monetary Authority's Exchange Fund, performed well in 2008 despite the crisis, the corporation's latest Annual Report states.
Lobbying blamed for supervisory inaction in EU
The failure of some European supervisors to act in the years building up to the crisis was due to fragmentation, a lack of independence and pressure from the private sector, Miroslav Singer, a vice governor of the Czech National Bank, has claimed.
Trade spillovers hit Baltics most
Trade channels dominate the transmission of cross-border spillovers to the Baltic States, a new paper from the International Monetary Fund reveals.
Fed emails point to BoA pressure on Merrill deal
Emails sent by Federal Reserve officials and subpoenaed by government investigators appear to back claims that Ben Bernanke pressurised Bank of America to go ahead with its takeover of investment bank Merrill Lynch after the bank attempted to back out of…
Efficient payment systems boost intermediation
Efficient payment systems increase financial intermediation and the availability of credit, new research from the Bank of England posits.
Lithuania's Sarkinas parries currency concerns
Reinoldijus Sarkinas, the governor of Bank of Lithuania, has said that the country's economy is on a much sounder footing than Latvia in an attempt to soothe fears that a devaluation by its Baltic neighbour would threaten regional stability.
Zuma names Mminele as new SARB deputy
Daniel Mminele will become a deputy governor at the South African Reserve Bank at the beginning of next month.
Fed's supervision head to step down
Roger Cole, the director of the Federal Reserve's division of banking supervision, and regulation is to retire after 30 years at the central bank.
Norges Bank - Annual Report 2008
Norges Bank has recently introduced a new settlement system, notes the central bank's latest Annual Report.
Argentina halts some dividend payouts - report
The Central Bank of Argentina has reportedly asked some banks to stop paying dividends to shareholders after stress tests revealed banks could require more capital.
Europe's ACHs bemoan Sepa's slow start
Europe's leading automated clearing houses (ACHs), which process and route payments, hit out at the lack of progress on the Single Euro Payments Area (Sepa) on Wednesday and called for an end date for national standards to hasten its implementation.
Generalised Taylor rule holds
The generalised Taylor principle is alive and well, new research from the Kansas City Federal Reserve posits.
ECB board member: reserve-currency change slow
Changes to the currency composition of reserves will occur in a gradual way, said Gertrude Tumpel-Gugerell, a member of the European Central Bank's executive board.
Chaps can cope with payments outages
If a financial institution is unable to make - but able to receive - payments, Chaps, the UK's large-value payment system, will ensure that settlement banks stop making payments to the institution, reducing systemic risk, new research from the Bank of…
Inflation-targeting central banks communicate more
Central banks operating under inflation-targeting frameworks tend to provide more information than entities operating under other frameworks, a new paper from the Bank for International Settlements reveals.
Bank announces stability committee members
The Bank of England on Wednesday named the non-executive directors who, along with senior Bank staff, will sit on the new Financial Stability Committee.
Riksbank raids euro swap line to shore up stabilit
The Riksbank on Wednesday said it would tap €3 billion ($4.2 billion) from a swap line set up with the European Central Bank (ECB) to ensure it was "well-prepared to continue safeguarding stability."
Krugman hints at inflation remedy to fix crisis
Reducing the real value of debt burdens by stoking inflation is possibly the best bet to spur a global economic recovery, Paul Krugman, the Nobel laureate, said on Tuesday.
Basel Committee expands membership
The Basel Committee on Banking Supervision on Wednesday expanded its membership to include all G20 countries.