Financial Stability
Avoid too many rules on CoCo bonds: BoJ research
Bank of Japan paper says design of contingent capital instruments should not be overregulated; issuance should be encouraged owing to positive externalities
Bank of England – Asset Purchase Facility Quarterly Report (Q3 2010)
Bank of England quarterly report on $316 billion facility finds growing stability in corporate funding commercial paper markets
Islamic liquidity facility set to open in first half of 2011
Bank Negara Malaysia governor Zeti Akhtar Aziz says she hopes International Islamic Liquidity Management Corporation will open for business by June
Global payment volumes grow 9%
Payments withstand financial crisis, spurred by surge in non-cash payments in some developing countries
Fed and Equens open transatlantic payment channel
Federal Reserve-operated ACH and Dutch-German payments processor connect US to 22 countries in Europe for low-value payments in dollars, euros and sterling
Bank’s King proposes radical regulatory measures
Bank of England governor Mervyn King assesses policies to reduce banking sector’s dependence on public support
Bank finds signs of green shoots in business lending
Bank of England Trends in Lending report for October shows brief rise in net flow of lending to businesses in August
IMF: international business cycles are US-led
Fund study finds US financial shocks drive international business cycles
RBA’s Stevens: Australia must show greater interest in Asian policy
Reserve Bank of Australia governor Glenn Stevens says Australia must appreciate regional partners
National Bank of Cambodia - Annual Report 2009
National Bank of Cambodia’s Annual Report for 2009 says southeast Asian economy expected to return to growth this year
Central banks establish corporation for more liquid Islamic money markets
Malaysia chosen as base for International Islamic Liquidity Management Corporation
Bundesbank ups compatibility of clearing system
Bundesbank strikes deal with payments processor Equens on more interoperable clearing systems to improve market efficiency
Central banks should regulate financial system: CentralBanking.com poll
CentralBanking.com poll shows more than 58% of readers think central banks should regulate banks in addition to insurance firms, hedge funds, and brokers
Bank of Canada: capital requirements dampen shocks
Bank of Canada study creates micro-model banking sector where capital requirements dampen real impacts of financial shocks
NY Fed’s Dudley explains weakness of economic recovery
New York Federal Reserve president William Dudley says recovery depends on housing and consumption boost
IMF’s Portugal identifies key information gaps
IMF deputy managing director Murilo Portugal lays out areas for improvement in filling information gaps
FSoc to debate measures to toughen money market funds
US Presidential Working Group including Federal Reserve chairman Ben Bernanke and Treasury secretary Timothy Geithner proposes eight steps to prevent runs on money market funds
ECB calls for law enforcing Sepa migration
European Central Bank says legislative action on migration of Sepa scheme needed as self-imposed deadline will not work
Basel Committee stalls on key element of counter-cyclical plans
Market participants cast doubt on the collective strength of multiple measures to mitigate pro-cyclicality in Basel III
Britain unveils sweeping, cross-border bank levy
UK government publishes draft bank tax law which will affect domestic banks operating overseas and foreign bank operations in Britain; proposal highlights international disunity
Trichet opposes EU agreement on fiscal sanctions
European Central Bank president Jean-Claude Trichet refuses to give his backing to sanctions for countries that break rules of stability and growth pact; sees sanctions as too soft
Philly Fed queries merits of payday loans
Philadelphia Federal Reserve study discusses costs and benefits of payday loans
Bank: credit demand still weak
Bank of England October Agents' summary of business conditions shows credit conditions continue to remain fragile
ECB calls for more data to prevent crises
European Central Bank draws attention to information gaps, says broader and more flexible data will aid macroprudential supervision