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Ukraine sets up for ex and stock market watchdog

UKRAINE - The Ukrainian government has decided to create a special commission to monitor and control the activities of Ukraine's exchanges, the government's press service reported on Wednesday. The press service was referring to a government ruling.

Bank of Canada warns on inflation rate

CANADA - The Bank of Canada said yesterday inflation would remain higher than expected until the middle of 2003 but analysts said it was still too close to call whether the bank will raise interest rates at its next policy announcement on 16 October.

Afghan trade minister speaks of new currency

AFGHANISTAN - The trade minister of Afghanistan, Sayd Mostafa Kazemi, has said that Afghanistan has a positive view on capital and capital investment. He also said the new currency of Afghanistan will be a credible currency and our central bank has the…

Central Banker, Fall 2002

REPORT - The Fall 2002 edition of the St. Louis Fed's Central Banker magazine has been published. This edition includes articles on why some changes in the retail payment market may be causing confusion for consumers and looks at the St Louis Fed's new…

Speech by Charles Freedman, Bank of Canada, 2 Oct

SPEECH - In the speech titled 'The Role of Inflation Targets in the Canadian Economy' Freedman said that a monetary policy framework based on an explicit target for inflation has helped the Canadian economy to weather shocks, and will continue to do so…

Advocate of hard-landing may join Japan debt team

JAPAN - Japan's best-known advocate of a "hard-landing" solution to the banking crisis is likely to be named this week a member of the taskforce charged with drawing up proposals to tackle the financial system's mountain of bad debts.

Impact Survey of New Basel Capital Accord

REPORT - The Basel Committee on Banking Supervision on 1 October launched a comprehensive field test for banks of its proposals for revising the 1988 Capital Accord. The field test referred to as the third quantitative impact study, or QIS 3, represents…

Speech by W. McDonough, New York Fed Bank, 18 Sep

SPEECH - In the speech titled 'Completing the Journey to the New Basel Accord' McDonough said that motivating all banks to improve their management of risk, and thereby strengthen the stability of the banking system, is one of the principal objectives…

Speech by Koh Yong Guan, MD MAS, 2 Aug

SPEECH - In the speech Koh Yong Guan said the Board of Commissioners of Currency, Singapore (BCCS) will be merging with MAS. We are targeting to complete the merger exercise by October 2002. The merger of the two institutions is being undertaken with the…

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