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HKMA Press release on retail payment services

PRESS RELEASE - The Hong Kong Monetary Authority (HKMA) has completed a comprehensive review of retail payment services in Hong Kong ("the Review"), which was conducted by an internal task force of the HKMA set up in August 2000.

Parliament delays 'fit and proper' test for BI

INDONESIA - The Commission IX of the House of Representatives finallydelayed the fit and proper test for Bank Indonesia's Deputy Governorcandidates due to limited time and heavy schedules of the boardmembers of the Budget Sub-Committee.

Polish PM - Govt won't curb c bank independence

POLAND - Polish Prime Minister Leszek Miller pledged Thursday 25 October in his maiden policy address to parliament that his new government will take no steps to curb the independence of the central bank and its rate-setting Monetary Policy Council, or…

ECB gold reserves to 26 October

GERMANY - The Eurosystem's net reserves of gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 26 October, the European Central Bank said Tuesday.

Dallas fed board chairman and dep reappointed

US - The Federal Reserve Board of Governors has reappointed H. B. Zachry chairman and Patricia Patterson deputy chairman of the Federal Reserve Bank of Dallas board of directors for the year 2002, beginning 1 January.

China's gold exchange launch seen on 28 Nov

CHINA - China could launch its gold exchange in Shanghai next month with about 100 domestic firms permitted to trade gold for physical settlement only, industry sources in Hong Kong said on Tuesday.

Banks maintain intl corporate credit exposure - 2Q

UK - Despite the worsening global economic outlook, banks' credit exposure to international corporations in the second quarter remained around the same level as in the first quarter, the Bank for International Settlements revealed.

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