Articles by Yusuf Yassin
BoE governing body member 'uncomfortable' with King fiscal comments
Bank of England’s Court of Directors member and head of Trades Union Congress Brendan Barber says he is uncomfortable about comments made by governor Mervyn King on fiscal policy
Liikanen gets nod for second term at Bank of Finland
Finnish President Tarja Halonen reappoints Bank of Finland governor Erkki Liikanen for second term; Liikanen seen as still in race for European Central Bank presidency
EBA to launch new stress tests
European Banking Authority unveils timeline for second round of EU-wide stress tests with launch set for Friday; first executive director and internal committee named
SNB to close Geneva office as cash distribution services are outsourced
Swiss National Bank says Geneva office will close next year as cash distribution services to be carried out by private firms; fifteen staff affected by closure
King warns of delay in switch to new regulatory regime
Bank of England governor Mervyn King says correct implementation of regulatory reforms takes precedence over achieving deadlines
Bank won’t hike rates as gesture to market: King
Bank of England governor Mervyn King says use of interest rate to signal Bank’s intention to curb inflation would be self-defeating
Beijing downplays hot money flows
China’s State Administration of Foreign Exchange says hot money flows are “ant-like” relative to size of economy; analysts say results downplay risks of emerging markets overheating
UBS investment chief claims Swiss capital ratios too high, won’t hold
Chief executive of UBS’s investment bank Carsten Kengeter suggests 19% capital requirement may be watered down; says rules will “always be broken”
PBoC hikes rates again
People’s Bank of China raises rates for second time in less than two months amid rising food prices; analysts predict further rate hikes this year
ECB provides liquidity bridge, not bailout: Papadia
European Central Bank’s director-general for market operations Francesco Papadia stresses central bank’s liquidity assistance only short-term, says new European rescue vehicles will ease market concerns
ECB launches new statistics book
European Central Bank volume covers future of central bank statistics
UK Treasury Committee calls on FSA to disclose details of banks’ pay
UK’s Treasury Committee chairman Andrew Tyrie asks FSA chief to disclose remuneration of 'high-end' employees; says disclosure in aggregated form will protect competitiveness of financial firms
Ivory Coast defaults on $2.3 billion eurobond payment
Ivory Coast fails to make January 31 deadline on payment to credit holders; analyst says political situation must be addressed before payment can be made
Nabli takes reins at Tunisian central bank
Former World Bank Middle East and North Africa chief economist Mustapha Kamel Nabli confirmed as governor of Central Bank of Tunisia
World Bank economist has replaced Tunisian governor: central bank source
World Bank’s Mustapha Kamel Nabli said to have succeeded Taoufik Baccar as head of Tunisian central bank; move comes amid allegations President Ali’s wife seized gold from central bank coffers
EBA plans new round of stress tests
New European Banking Authority announces second round of stress tests for European banks at opening meeting
High inflation stirs banknote shortage in Argentina: reports
Inflationary pressures in Argentina create shortage of high-denomination banknotes forcing long queues at cash machines
Government delay holds up launch of Bank of Israel’s new rate-setting body
Bank of Israel awaits government’s selection of three external members to new Monetary Committee seven months after passage of law for new interest rate-setting measures
‘End the Fed’ author to lead congressional Fed oversight group
US congressman Ron Paul appointed chair of monetary policy subgroup in influential lower house financial committee; appointment could spark intense scrutiny of Federal Reserve
Shirakawa draws parallels with QE in Japan, US
Bank of Japan governor Masaaki Shirakawa says same aims underlie Japan's monetary easing scheme and Federal Reserve's asset purchase programme
Tombini named new governor of Brazilian central bank
Central Bank of Brazil deputy governor Alexandre Tombini to replace current governor Henrique Meirelles
Russia advances Canadian dollar position
Bank of Russia will increase holdings of Canadian dollar denominated assets to diversify foreign exchange reserves
Ireland’s Honohan calls for greater disclosure of residential mortgages
Central Bank of Ireland governor Patrick Honohan says greater disclosure on residential mortgages loans will help drive confidence in markets
Ireland’s regulator moots new capital facility for banks
Central Bank of Ireland head of financial regulation Matthew Elderfield says creation of standby contingent capital facility for banks from European Union and IMF bailout money will help ease markets