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Swiss regulator orders audit for Israeli bank unit
SWITZERLAND - The Swiss Federal Banking Commission said Tuesday it has concluded its investigations related to the country's money laundering case against Peru's former spy chief Vladimiro Montesinos and has ordered a special audit of Bank Leumi Le…
NZ res bank won't replace departing dep gov
NEW ZEALAND - The Reserve Bank of New Zealand isn't planning to fill the vacancy about to be created by the departure of one of its deputy governors, Murray Sherwin, officials said Wednesday.
November gloom in Japan
Despite leaving monetary policy on hold last week, the Bank of Japan downgraded its assessment of the economy on Monday, expressing concern about the impact of declining exports and output on incomes and consumer spending.
Central bankers in Ottawa
ECB Council member Ernst Welteke, although saying that monetary policy was appropriate for the eurozone at present, warned of the dangers of money being too loose given the lag for effects to be realised.
Central Bank of UAE asks for assets to be frozen
In a circular to the United Arab Emirates's 47 national and foreign banks, the Central Bank today requested that the assets of 30 institutions be immediately frozen.
IMF demands investigation of Asian crisis loans
After two years and two investigations have failed to produce a single prosecution or return a single rupiah, the IMF has demanded a new investigation into alleged corruption, reports the Jakarta Post.
Grenville's successor at RBA?
Reserve Bank of Australia assistant governor Glenn Stevens is the leading candidate to succeed Stephen Grenville as deputy governor, according to sources close to the Reserve Bank central bank.
ECB's Noyer - Governing council may need change
UK - European Central Bank Vice President Christian Noyer said Monday that the ECB governing council may need to be reformed when accession countries from southern and eastern Europe eventually adopt the single currency.
DUMA won't deprive Russia's c bank of independence
RUSSIA - During a meeting of the working group of the Duma for the bill on the Central Bank on 12 November, deputies failed to come to agreement as to which body, the National Banking Council (NBC) or the Board of Directors, would govern the Central bank.
Hungary's nat bank launch euro info campaign
HUNGARY - The National Bank of Hungary will launch an information campaign on 15 November to help Hungarian individuals to smoothly change their cash holdings in the 12 outgoing European currencies, estimated to be worth some HUF 70bn,NBH vice president…
Speech by Svein Gjedrem Governor of Norges Bank
SPEECH - Speech by Central Bank Governor Svein Gjedrem of Norges Bank, Norway's central bank, at the conference on EMU and the euro hosted by The European Commission, Euro-Info Centre and NHO (Confederation of Norwegian Business and Industry), Oslo, 30…
Banks in the US tighten lending standards
US - Reflecting the shaky US economy, banks have been tightening lending standards even as demand for loans continues to drop, according to the Federal Reserve's latest survey of loan officers.
Tight regulations for bank payments in Azerbaijan
AZERBAIJAN - In 2002, the National Bank of Azerbaijan (NBA) intends to draw in tight regulations for banking payments, said Elman Rustamov, Head of the National Bank of Azerbaijan. He said it is planned to utilize radical measures.
Buba's Welteke sees no '01 recession in Germany
GERMANY - Germany's economy is not in a recession and will grow at a small rate "above zero" in 2001, Deutsche Bundesbank President Ernst Welteke told German daily Frankfurter Rundschau in an interview conducted 22 October, but published on Friday.
Eurozone economy 'is on the brink of recession'
ARTICLE - The eurozone economy may shrink in the fourth quarter of this year, and there is a risk of outright recession, according to the latest growth indicator produced for the Financial Times, FT Deutschland and Les Echos.
European Central Bank report
ECB PRESS RELEASE - Publication of the report of the European Court of Auditorson the efficiency of the ECB's management for the financial year 2000 and the ECB's reply to the report, Frankfurt, 9 November.
Speech by Christian Noyer of the ECB
SPEECH - Speech by Christian Noyer, Vice-President of the European Central Bank, at the Foreign and Commonwealth Office, London, 12 November.
Bank of Portugal - Annual Report 2000
ANNUAL REPORT - Banco de Portugal, the central bank of Portugal, has published its Annual Report for 2000.
Speech by Jurgen Stark of the Deutsche Bundesbank
SPEECH - Speech by Dr. Jurgen Stark, Deputy Governor of the Deutsche Bundesbank. The speech titled 'The euro - the new European money' considers the historical background to the euro, essential features of the new system and the future outlook for the…
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, President of the Deutsche Bundesbank, delivered at the European American Business Council, Washington, 19 November. Ernst Welteke expressed satisfaction with ECB policy, noting that the eurozone is now enjoying an …
A Look at China's Financial Reform
RESEARCH - A paper submitted to CentralBankNet by Wu Chang Ming, senior economist at the People's Bank of China, currently on secondment at the Reserve Bank of New Zealand.
Speech by Dr Wellink of the Nederlandsche Bank
SPEECH - Speech by Dr. A.H.E.M. Wellink, President of the Nederlandsche Bank, on the occasion of the Russia-Netherlands Economic Forum at The Hague on 29 October.
Bank of Canada Review Autumn 2001
RESEARCH - Conference Summary: Revisiting the Case for Flexible Exchange Ratesby Larry Schembri. Short summary.
Bank of Poland under fire
POLAND - A Legislative tussle puts central bank's independence into question.