Financial Stability
BIS research finds greater data sharing needed to monitor systemic risk
Bank for International Settlements working paper says more data sharing is needed at individual bank level to better monitor systemic risk
IMF sounds warning over European deleveraging
Lagarde hopes to ‘significantly’ increase resources available to the IMF during spring meeting; Financial Stability Report also recognises need for increased firewall as deleveraging rages on in Europe
Shirakawa says central banks not responsible for structural issues
BoJ governor Shirakawa says the structural reforms that must accompany refinancing operations cannot be achieved by central banks
Kansas Fed Economic Review discusses barriers to mobile payments in US
Kansas Fed’s latest economic review discusses supply- and demand-side issues limiting the use of mobile payments in the US
Constâncio calls for 'co-operation' on data sharing by Eurosystem institutions
Vítor Constâncio says co-operation needed between Eurosystem institutions on data sharing; adequate security measures needed to safeguard interaction
Norges Bank working paper studies sovereign risk contagion
Norges Bank working paper researches sovereign risk contagion using CDS spreads in major euro area countries
Bank of Lithuania warns of stained banknotes after ATM theft
Bank of Lithuania advises against accepting banknotes stained with ink; fears raised that such notes could be result of ATM theft in the country
Bank of Canada strikes positive note in policy report
Latest Monetary Policy Report from the Bank of Canada sets out better than expected economic momentum; inflation risks balanced and stimulus withdrawal ‘may become appropriate’ says report
Spain's Ordóñez renews call for government action
Bank of Spain governor urges government to stick to target of reducing budget deficit to 5.3% in 2012; highlights work done on banking reform
IMF working paper examines China’s current account imbalances
IMF working paper concludes that total rebalancing has not occurred in Chinese economy as domestic imbalances increase and external imbalances fall
Draghi outlines importance of statistics at ECB
European Central Bank president discusses expanded role for statistics in helping bank achieve its mandate
IMF warns of 'full-blown panic' eurozone break-up would cause
Latest IMF World Economic Outlook discusses possibility of a break-up of the eurozone; says disorderly exit of one member country would have untold knock-on effects
Central Bank of Iran reacts to major debit card security breach
Central Bank of Iran urges debit card users to change personal identification codes after hacker publishes security details of millions of accounts on internet
Bank of Colombia research studies intraday liquidity risk regulation
Colombia central bank working paper finds structural shifts in the intraday liquidity market are the result of evolution rather than market shocks
CPSS and Iosco set out central bank responsibilities for FMIs
CPSS and Iosco issue new standards for financial market infrastructures; include core responsibilities for central banks and other supervisory bodies
Bernanke defends Fed’s response to financial crisis
Fed chairman defends actions taken before and during global financial crisis; offers justification for Fed response to struggling systemically important firms
PBoC decision to widen trading band welcomed
Chinese central bank announces “enlarged” floating band of renminbi trading prices against the US dollar; analysts and IMF welcome decision
Sarb investigation finds low-quality proof Krugerrand coins
Investigation into SA Mint Company uncovers low-quality proof Krugerrand coins may have been casted between April 2011 and May 2011; dealers offered chance to return coins
Fed research examines supply-side changes in US housing market
New York Fed staff paper studies impact of supply-side changes to US housing market on the creation of a house price bubble
RBI deputy governor emphasises role of state regulators in forex markets
H R Khan says market participants must work with supervisors and regulators rather than pursue self regulation
Reserve Bank of India writes to banks about electronic payments
Indian central bank asks banks to accept electronic transfers for credit to loan accounts, following complaints from customers
Basel Committee highlights resource challenges in stress testing
Basel Committee on Banking Supervision releases peer review of implementation of stress-testing principles; reveals resource concerns at both banks and supervisory level
Riksbank establishes financial stability communication policy
Swedish central bank publishes new financial stability communications policy; supplements the general policy in place at the Riksbank
Plosser says more 'can and should be done' to aid Fed transparency
Philadelphia Fed president urges the Federal Reserve to do more on transparency; says a quarterly monetary policy report should be published