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Speech by Tito Mboweni, Res Bank of South Africa
SPEECH - In the speech made 9 February Mboweni said there is a need for a mechanism to inject additional liquidity into the world economy during times of stress. He said that reform of the international financial system should also address the problem of…
Tobin tax, regulation may win favour-Swede cbanker
SWEDEN - Capital market regulation and the idea of a levy on speculative foreign exchange transactions, a "Tobin tax", may gain favour among politicians after a decade of currency crises, Sweden's central bank said on Monday.
Argentina has a month to get IMF aid, bankers say
ARGENTINA - Argentina may descend into a chaotic spiral of hyperinflation and social unrest unless the government can secure a massive IMF loan package in the next 30 days, local bankers and analysts said.
China to concentrate on supervision in 2002
CHINA - The People's Bank of China (PBOC), China's central bank, will focus its attention on reinforcing financial supervision in the year 2002, said Dai Xianglong, governor of the PBOC.
Czech National Bank shows loss for 2001
CZECH REPUBLIC - The Czech national Bank (CNB) posted a loss of CZK 28.6 bn in 2001, against a profit of CZK 2.5 bn in 2000, according to figures released by the bank.
UAE mint coin for university silver anniversary
UAE - The UAE Central Bank will issue a commemorative Dh50 coin on Sunday to mark the 25th anniversary of Emirates University.
Laundering Bill will tighten rules, Jalan tells US
INDIA - The US has asked India to "redouble efforts against hawala" as part of the proposed measure to combat terrorist financing, Kenneth Dam, deputy secretary, US treasury department, told the media on Monday.
Israeli regulators warn banks
ISRAEL - Israeli regulators warned commercial banks they looked to be inadequately covered against a surge in foreign-currency lending last year and urged them to tighten standards.
Havel probably breached law with c bank account
CZECH REPUBLIC - President Vaclav Havel has probably been violating the law for many years, the tabloid Super writes today.
Greek media touts Papademos to replace ECB's Noyer
GREECE - Greek media has begun touting Bank of Greece Governor Lucas Papademos as a leading candidate to take over as vice president of the European Central Bank (ECB).
Devaluation fears hit Nigeria's currency
NIGERIA - The Nigerian naira fell on the official currency market, following a slide on the black market on Friday on fears that a devaluation is imminent.
Chavez appoints new head of state oil company
VENEZUELA - President Hugo Chavez on Saturday appointed a leftist central banker as head of state oil company Petroleos de Venezuela (PDVSA), a move that observers said sets the stage for foreign exchange controls and which will financially damage Latin…
UK inflation posts sharp rise
UK - UK inflation has soared unexpectedly, making an increase in interest rates in March more likely.
Bank of Israel Press Release
PRESS RELEASE - Developments in the Foreign-Currency Market, 12 February.
Speech by Koh Yong Guan, MD of the MAS
SPEECH - Koh Yong Guan said in the speech that the central bank is issuing an industry consultative paper on "credit portfolio stress testing," and the feedback from this will be used to formulate the guidelines. "Financial institutions in Singapore can…
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Eugenio Domingo Solans, Miembro del Consejo de Gobierno y del Comite Ejecutivo del Banco Central Europeo, Intervencion en el Foro Financiero 2002 de ABC, Madrid, 11 de febrero del 2002. This speech is only in Spanish, 11 February.
Sovereign Debt Restructuring - Thomas C. Dawson
LETTER - A Letter By Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, 7 February.
Bank of Japan Monthly Report
REPORT - Monthly Report of Recent Economic and Financial Developments from the Bank of Japan, February 2002.
Speech by Dr Y.V. Reddy of Reserve Bank of India
SPEECH - In the speech Reddy says the complexities relating to the global financial system in the context of strong national interests continuing to dominate public policy viewed in the light of Indian experience warrant, more than a legal basis,…
Speech by Eva Srejber of Sveriges Riksbank
SPEECH - In the speech titled 'Life outside Euroland' Srejber said that the latest reports pointed to a transition period of between two and three years from a referendum until EMU entry. However, she said, "this preparation time can be shortened…
Beijing toughens bank rules
CHINA - After a call by China's top leadership to strengthen supervision of the country's troubled financial system, the central bank on Friday unveiled a program for tighter inspection of bank finances.
Wim's way with words
FEATURE - Duisenberg's volubility has earned him many enemies and even a few admirers. He has certainly become known as a rather unconventional central banker.