Financial Stability
HKMA bulletin reveals liquidity pressures
Funding costs for banks rise amid tougher international climate as renminbi debt market expands, says HKMA Quarterly Bulletin and Half Year Financial Stability Report
Central Bank of Chile governor raises inflationary concerns
Rising oil prices and capital flows to emerging economies present a monetary policy dilemma says Rodrigo Vergara
Malaysia annual report predicts tougher 2012
Slower growth and challenging time for exporters forecast in annual report from Bank Negara Malaysia
National Bank of Ukraine appoints new head of payments systems
Natalia Syniavska takes on role overseeing all payments operations at the Ukrainian central bank
Netherlands Bank research links financial development to net foreign asset composition
Working paper concludes that as a country’s financial position improves, net foreign asset composition likely to decline
Bernanke delivers first student lecture
Fed chairman recounts origins of central banks and stresses their importance in first lecture to US students; lecture series takes place at key time as fierce Fed critic Ron Paul runs for president
China and Mongolia double currency swap arrangement
Chinese and Mongolian central banks agree supplementary currency swap arrangement that doubles the amount of currency at stake under the deal
QE is ‘decisively working’ say CBP panellists
Central Banking On Air event focuses on impact of quantitative easing; panellists agree emergency monetary policy steps have been effective but question whether the Fed has ‘over-committed’ itself
Lithuanian Supervision Service gets new powers
Board of Lithuanian central bank grants Supervision Service right to exercise powers to supervise non-banking financial institutions
Bangladesh Bank governor vows to speed up reforms
Governor pledges to introduce new supervisory safeguards to strengthen banking system
IMF policy paper investigates volatility in low-income countries
International Monetary Fund paper looks into the role and potential for contingent financial instruments to aid in managing shocks in low-income countries
Increased fixed capital formations in South Africa
Latest quarterly bulletin from Sarb strikes optimistic note; chief economist at the central bank says increase in capital spending originates from both private and public sectors
Weidmann airs unresolved questions of financial crisis
Bundesbank president details areas where research is needed to better understand the causes of the financial crisis; wants to better understand risks of securitisation practices
‘Numerous episodes’ of heightened anxiety ahead for Europe, says RBA’s Stevens
Reseve Bank of Australia governor, Glenn Stevens, says ‘old world’ problems have “riveted” global attention but ECB action prevented another funding crisis
Commission paper sheds light on dangers of shadow banking
The potential for shadow banking to damage the wider banking system and disrupt the macro-prudential aims of the ECB has been highlighted in the latest green paper from the European Commission
Tighter euro rules will also target trade surplus countries, says González-Páramo
Europe needs to create new mechanisms to fulfill the duties of ‘missing institutions’ to ensure the euro can survive. New monitoring capabilities will also target trade surplus countries, says ECB board member
Euro has benefited smaller states, says Polish central bank chief
National Bank of Poland president Marek Belka tells conference that the euro has had a substantial positive impact for smaller European countries
Lagarde calls for China to pursue a looser monetary policy
China should combine monetary expansion with market liberalisation and stronger regulation, says IMF chief
Central Bank of Egypt readies new supervisory framework
The Central Bank of Egypt nears completion of banking supervision makeover conducted with the assistance of European central banks
Sants to leave UK’s FSA in June
Financial Services Authority chief bows out well before prudential powers shift to the Bank of England next year; Bailey to take over prudential regulation role
Gensler defends new CFTC block trade proposals
Revamped rules were not designed to mirror scope of old exemptions, CFTC chair tells FIA conference
FSB to reform external audits of financial institutions
Financial Stability Board in major drive to ensure external audits of financial institutions provide more relevant information to prudential supervisors, regulators and investors
BoE’s Broadbent discusses economic risks and stimulus
External member of the Bank of England's MPC discusses the UK's recovery and key risks facing the economy; says withdrawal of monetary stimulus should not happen 'any time soon'
Fed paper asks if affordable housing law led to subprime lending
Federal Reserve Bank of St Louis working paper asks whether affordable housing legislation in the US contributed to the subprime securities boom