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Banks back to deposit funding - Norway's Gjedrem
Deposits must again take precedence as the largest funding source for banks, said Svein Gjedrem, the governor of the Norges Bank.
IMF's Kato: speed up governance reform
The International Monetary Fund should accelerate reform of its governance structure to better reflect global realities, said Takatoshi Kato, a deputy managing director of the Fund.
Minneapolis Fed puts downturn in perspective
The Minneapolis Federal Reserve has produced a series of charts comparing the current recession with other downturns in the United States in the post-war period.
Malaysian state sets up $5 billion SWF
Malaysia's oil-rich Terengganu state will establish a M$11 billion ($3 billion) ringgit sovereign wealth fund with a M$5 billion bond issuance later this week.
HKMA's Yam confirms retirement
Joseph Yam, the chief executive of the Hong Kong Monetary Authority (HKMA), is to step down in October, it emerged on Tuesday.
Brazil and China planning link-up to ditch dollar
A Central Bank of Brazil official has said that trade between the country and China will be conducted in reals and renminbi rather than dollars.
IFI programmes unsuitable
The model used by international financial institutions and donors in providing support for budgetary improvement programs is inappropriate and has limited effectiveness, research from the International Monetary Fund posits.
More payment systems caused cheque decline
The decline in cheque use occurred mainly via an increase in the number of payment instruments per consumer, a new paper from the Boston Federal Reserve reveals.
Turkey's strength is its financial system: Yilmaz
The key factor enhancing the resilience of Turkish economy to the global crisis is the stability achieved in Turkey's financial system, said Durmus Yilmaz, the governor of the country's central bank.
Switzerland's Jordan: too-big-to-fail a priority
The solution of the too-big-to-fail problem is the main task for Swiss financial regulators, said Thomas Jordan, a member of the country's central bank's governing board.
Iceland MPC member: too many men led to bad banks
A member of the Central Bank of Iceland's recently-founded Monetary Policy Committee has said that an overabundance of "male bankers high on testosterone" taking "too much risk" was one of the reasons why financial professionals behaved so badly in the…
BoJ's Hayami passes away
Masaru Hayami, the governor of the Bank of Japan who presided over the institution's introduction of quantitative easing, has died. He was 84.
Bank concerned on clarity of stability role
The Bank of England on Monday called for more clarity on and greater powers to fulfil its financial stability mandate.
Governance role to shift in crisis aftermath
Central bank governance is set to change in the aftermath of the financial crisis as institutions' roles adapt, a report out Monday has said.
Fed outsources in-house cheque images system
The Federal Reserve has decided to migrate its archive of cheque images to a private provider in an effort to reduce costs.
Changing patterns of wealth and income in the US
The Federal Reserve has produced a paper examining the distribution of wealth and income and their joint properties, based on data from the 1989-2007 Surveys of Consumer Finance.
An interpretation of the rise of inflation
A research paper from the National Bureau of Economic Research interprets the rise of inflation in the United States from the perspective of a simple macroeconomic framework.
Global factors in the Great Moderation
Research from the Bank for International Settlements claims that relative price adjustments taking place in the global economy are important sources of the lower rates of inflation which have been observed in recent decades.
Stanford's Taylor warns of balance-sheet threat
John Taylor, a former Federal Reserve economist now a professor at Stanford, has told lawmakers that the expansion of the Fed's balance sheet risks exacerbating inflation.
UAE looks to combat money laundering
A committee led by the head of the Central Bank of the United Arab Emirates (UAE) has announced measures aimed at cracking down on money laundering and terrorist financing.
Egypt narrows rate corridor with cuts
The Central Bank of Egypt narrowed its rate corridor and loosened monetary policy in a bid to foster credit growth.
BoE outlines objectives for liquidity rules
Nigel Jenkinson, an adviser to the governor of the Bank of England and a member of the Financial Stability Board, on Friday detailed five objectives for a new framework on liquidity risk.
Temasek sells Bank of America shares
Temasek, one of Singapore's sovereign wealth funds, has sold its stake in Bank of America in a bid to reduce its considerable exposure to western banking stocks.
Boediono named as running mate, set to resign
Reports emerged on Friday that Boediono, the governor of Bank Indonesia, was tendering his resignation after he was named as the president's choice for running mate.