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Ex-Indonesia governor gets two years
Syahril Sabirin, a former governor of Bank Indonesia, will face two years in jail after the country's highest court overturned a verdict given seven years ago.
China, Malaysia to use own currencies to trade
Trade between Malaysia and China will soon be conducted in ringgit and renminbi as well as dollars, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, said on Friday.
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.
Norges Bank - Annual Report 2008
Norges Bank has recently introduced a new settlement system, notes the central bank's latest Annual Report.
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.
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.
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.
Efficient payment systems boost intermediation
Efficient payment systems increase financial intermediation and the availability of credit, new research from the Bank of England posits.
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…
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.
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.
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.
Ireland's rating downgraded for the second time
Ireland's sovereign credit rating with Standard & Poor's has dropped another notch on concerns connected to the rescue of the Irish banking system.
Better plumbing can stabilise system: BoE's Tucker
Paul Tucker, a deputy governor at the Bank of England, has said that more widespread use of more open methods of trading would enhance the resilience of the financial system.
UK eyes 2018 cheque-out
The UK is moving towards closing cheque clearing within a decade, Paul Smee, the chief executive of the UK Payment Council, told an industry conference in London.
Ten to repay Tarp but COP wants more stress tests
The US Treasury on Wednesday said it will allow ten banks to repay government funds after stress tests showed that they held enough capital to see out the crisis.