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Speech by Masaru Hayami, Bank of Japan, 30 May
SPEECH - In a speech titled 'The Economy: Recent Developments and Challenges' Hayami said that although the yen weakened last year, since spring "the yen has been rising and the dollar has been falling. People are scaling back their expectations for the…
Speech by M Moskow, President, Chicago Fed, 16 May
SPEECH - In a speech titled 'Economic Outlook' Moskow said "While certain sectors of the economy are still experiencing hard times, overall activity has recovered from the recession we suffered last year and we appear to be on our way to a moderate…
Paul O'Neill and pop star argue over aid issue
UGANDA - The Washington Post reports that US Treasury Secretary Paul O'Neill and Irish rock star Bono have apparently fallen out, over the issue of digging wells, during a joint 10-day trip around Africa to investigate the aid issue. O'Neill has…
Use standard loan documents: MAS
SINGAPORE - The Monetary Authority of Singapore (MAS) yesterday encouraged Singapore banks to adopt standardised templates for loan documentation, saying this would benefit them and borrowers, as well as help in the growth of the loan syndication market.
Afghan central bank struggles to defend currency
FEATURE - Afghanistan's central bank plans to issue a new bank note and chop three zeros off the volatile afghani in order to bring money supply under its control, the governor of the Bank of Afghanistan said on Tuesday in an interview with Reuters.
Central Bank of Kenya aims for Donde Act removal
KOREA - Bankers and the Central Bank of Kenya now want the entire Donde Act declared null, reports the East African Daily Nation web site.
Iran to offer euro-denominated bonds
IRAN - For the first time since the 1979 Islamic revolution, Iran has signed a deal with two foreign banks to market Iranian revenue bonds on the international market.
Japan entering cyclical rebound: BOJ board member
JAPAN - A Bank of Japan Policy Board member said on Wednesday that Japan's economy was starting to recover but the financial sector posed a risk.
JD1 coin to be replaced by new banknote in Jordan
JORDAN - The Central Bank of Jordan (CBJ) is expected to soon circulate new banknotes, to replace the current round JD1 coins, following numerous cases of counterfeit detected by security and financial authorities, a bank official said on Tuesday.
Islamic banking conference hailed a great success
PAKISTAN - Justice Muhammad Taqi Usmani, Chairman, Centre for Islamic Economics, said here on Monday; that the International Conference on Islamic Banking and Finance was a great success and hoped that fullest efforts would be made for the eradication of…
S Asian central bankers to stay clear of tension
SRI LANKA - Amid fears of war between nuclear-armed India and Pakistan, while Sri Lanka struggles for peace, South Asian central bank officials meet this week to improve processes that would boost trade in the region.
Eurozone current account moved to surplus in March
GERMANY - The euro zone had a current account surplus of 3.7 billion euros (3.4 billion dollars) in March, compared with a deficit of 600 million euros a year earlier, data published by the European Central Bank on Wednesday showed.
Speech by Shigemitsu Sugisaki of the IMF, 26 May
SPEECH - Making a speech titled 'Achieving Financial Stability: An International Perspective' Sugisaki talked about the efforts that are underway in individual countries and the international community to achieve and maintain financial stability.
ECB Working Paper
RESEARCH - Modelling the daily banknotes in circulation in the context of the liquidity management of the European Central Bank by Alberto Cabrero, Gonzalo Camba-Mendez, Astrid Hirsch and Fernando Nieto, May 2002.
HM Treasury Announcement
ANNOUNCEMENT - Non-Executive appointments to the Court of the Bank of England, 29 May.
Speech by Robert Parry, San Francisco Fed, 14 May
SPEECH - In a speech titled 'After the Recession: A Monetary Policymaker Looks Ahead' Parry predicted higher interest rates at some point, saying the Fed may be "deliberative" as inflation poses no "imminent problem." Excess capacity and rising…
Speech by W. McDonough, New York Fed Bank, 14 May
SPEECH - McDonough says in his speech "Improvements in accounting and disclosure practices will help safeguard the proper use of financial derivatives. Transparency not only will provide a healthy incentive for firms to manage their risks prudently but…
Speech by Cathy Minehan, Boston Fed Bank, 8 May
SPEECH - In a speech titled 'U.S. Retail Payments: Change, Challenge and Opportunity' Minehan said "the payments system today faces sources of significant change--change in the form of new payments choices by consumers and businesses, driven by the…
Speech by M Moskow, President, Chicago Fed, 10 May
SPEECH - In remarks to the Conference on Bank Structure and Competition Moskow said that at issue is whether banks behave in a manner that tends to accentuate business cycles, and whether bank regulation further augments this volatility.
Speech by M Moskow, President, Chicago Fed, 9 May
SPEECH - In opening remarks to the 38th Annual Conference on Bank Structure and Competition Moskow said the two day conference will explore the forces that drive the behavior of financial firms during the business cycle. We also will examine how these…
Heikensten likely new Riksbank governor - report
SWEDEN - Lars Heikensten currently First Deputy Riksbank Governor, is most likely to be appointed to the top rank at the Riksbank when Urban Backstrom resigns as Governor at the end of the year, Nordea wrote in its weekly market letter Friday.
China's c bank head confirms looser money supply
CHINA - People's Bank of China governor Dai Xianglong said on Monday that China is already pursuing a policy of increased money supply to bolster economic growth.
UAE to license 'hawala' operators
UAE - The UAE central bank will soon set up a licensing and supervisory system for 'hawala' operators in the country.