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Bank of England told to hand over BCCI documents
A ruling in the appeal court means confidential documents held by the Bank of England relating to the BCCI collapse must be released, according to a report in the Financial Times. Liquidators for BCCI creditors allege that senior Bank of England staff…
Indonesian c bank director given three years' jail
Heru Supraptomo, a director with the Indonesian central bank, was jailed for three years on Thursday 3 April after he was found guilty of corruptly failing to properly monitor insolvent banks during the regional financial crisis, according to a report…
Swiss National Bank reports fall in income
Swiss National Bank Financial Statements and Annual Report 2002. The SNB reported a fall in aggregate income during 2002; however this was partially offset from receipts of Sfr 1.53 billion from gold transactions and the revaluation of gold holdings.
Former Argentine central bank chief Maccarone dies
Roque Maccarone, who was president of the central bank of Argentina from May 2001 to January 2002, has died at the age of 70, Associated Press reports.
NYSE nominate New York Fed's McDonough to Board
William McDonough, president of the Federal Reserve Bank of New York, has been nominated to the Board of the New York Stock Exchange.
Svein Gjedrem - Monetary policy in 2002
In an article in Finansavisen on "Monetary policy in 2002" Norges Bank governor Svein Gjedrem said growth forecasts for the world economy deteriorated further from late autumn. The appreciation of the krone continued. At the same time the outlook for the…
Riksbank's Irma Rosenberg attends EMU seminar
Sveriges Riksbank Deputy Governor Irma Rosenberg said at a seminar that it is important to safeguard long-term stability in EMU.
Greenspan on financial education
In a speech on 'Financial education' Alan Greenspan of the Federal Reserve said drilling basic financial concepts into young people will not only help them now but will also help them avoid financial pitfalls later in life that could plague them for…
RBA's McGauchie: dangers of weak foreign growth
In an interview published by Dow Jones Newswires, Reserve Bank of Australia board member Don McGauchie said that anaemic economic growth in Europe and Japan is of much greater concern than war in Iraq.
ECB chief Duisenberg blasts 'high US deficits'
Speaking at a news conference after the ECB policy meeting on Thursday 3 April that left rates on hold, Reuters reports that Wim Duisenberg said "We now see - and that is a cause of concern - both the current account and the federal government deficit…
ECB Rome meeting: questions and answers
In the exceptional circumstances of the war Wim Duisenberg said it is not possible at this time to assess what effect conflict will have on the global economy. "The outlook for the basic elements of price stability remain in place and accordingly we…
Russian inflation target on track - Ignatyev
Speaking at an economic conference Russia's central bank governor Sergei Ignatyev said inflation should be held under 12 per cent despite IMF suggestions that price rises may be difficult to control, according to the Moscow Times.
Polish euro entry may be hampered by reserves
Poland's finance minister said on Wednesday 2 April that if the central bank refuses to release the revaluation reserve it will entry to the euro difficult for Poland in 2007, according to the PAP news agency.
Russian forex reserves reach another record high
Russian central bank reserves rose to a new record high last week, according to the ITAR-TASS news agency, taking the total increase to nearly sixteen percent since January.
Government supports Brazil cb autonomy
A vote in Brazil's parliament cleared the way for a move towards autonomy for the central bank after overwhelming support from legislators, according to a report in the Financial Times. The lower house of congress voted by 442 to 13 for a constitutional…
Changes at the top in Kenyan central bank
Kenya's central bank has announced major changes to its senior staff job roles. Shifts include supervision, financial markets and the banking department, according to the daily Nation, Kenya.
Iraq conflict 'likely to hit global growth'
In a regular report the World Bank said the Iraq conflict will probably have about the same effect on the global economy as the September 11 attack the Financial Times reports. The report also said the huge accumulation of reserve assets means the…
Taiwan's cb fights SARS
The China Post in Taiwan has provided more details of the unusual cure Taiwan's central bank chief has proposed for the deadly disease Severe Acute Respiratory Syndrome (SARS).
Vittorio Corbo new Chile cb board member
The president of Chile, Ricardo Lagos, has named Vittorio Corbo as a new board member of the central bank of Chile, Reuters reports. Corbo will take Carlos Massad's place on the Bank's board. Massad resigned as president of the central bank earlier this…
Volcker critical of corporate governance failures
Former Federal Reserve chairman Paul Volcker has said governments are partly responsible for the scandals involving corporations such as Enron and WorldCom and that public scepticism has reached worrying levels, reports the VOA News.
Iraq's central bank unveils new banknote
The Iraqi central bank has issued a new banknote for 10000 dinar. The note contains various security features as well as the same portrait of President Saddam Hussein used on all other banknotes in Iraq, according to the LBMRC.
Meeting of AGCC cb governors in Qatar
The meeting of AGCC central bank governors in Qatar on Thursday 3 April was due to discuss issues concerning the common AGCC currency and the supervision of the banking system, according to a report in the Times of Oman.
France backs Duisenberg to extend ECB term
The meeting of finance ministers and central bankers in Athens on Friday is likely to support moves to extend Wim Duisenberg's tenure as president of the European Central Bank, according to a report in the Financial Times. He may stay for up to six…
IIF calls for economic policy co-ordination
An article in the Financial Times called on the ECB to cut interest rates "by at least 1 percentage point" at its meeting on Thursday 3 April. The ECB should take a decisive lead, it says, to put the global economy back on track. [The ECB declined to…