Financial Stability
US Treasury ends money market guarantee
The program served its purposes of fomenting stability, and is being retired as the risk of a meltdown has passed, says Treasury secretary Geithner
French banks resilient in crisis but hurdles remain
French banks have weathered the crisis through a diversified model and well-managed risk but many challenges remain, argues research published by the International Monetary Fund
Ireland to spend €77 billion on bad banks
Ireland’s finance minister Brian Lenihan says funds will be split between five institutions
Fed’s Hoenig outlines resolution schema for too-big-to-fail
Kansas City Federal Reserve’s Thomas Hoenig and two economists prepare legal process for failure
Fiscal measures must be taken off central banks’ books: IMF
International Monetary Fund’s executive board wants all quasi-fiscal activity to be moved onto government balance sheets
The real effects of financial risk
Research estimates the magnitude of key effects on the real economy from financial sector stress
Libor spread sinks to pre-crisis levels
Libor-OIS spread for three-month dollar loans retreats to its summer 2007 level as confidence continues to grow
Obstfeld on global monetary reform
Berkeley economist says International Monetary Fund may be right organisation to act as a global lender of last resort
How competition influences bank failures
Bank of Finland uses evidence from Russia to investigate link between competition and failure
Palestine launches hybrid payments system
Palestine Monetary Authority’s new interbank payments system described as development towards statehood
Bank’s Haldane stresses limits of regulation
Rules alone will not be enough to restore trust and spur a full recovery says Bank of England’s executive director for financial stability
Foreign lenders pledge support to Latvia
Four biggest foreign-owned banks in Baltic state agree to prop up branches and subsidiaries
Uribe: restricted FX exposure helped Colombia
Central Bank of Colombia’s José Dario Uribe says the limited exposure of the country’s corporate sector to currency risk sheltered it from Lehman’s collapse
Central bankers must understand financial engineering
Harvard Business School’s Robert Merton says senior management and regulators need a good knowledge of financial engineering
Beige Book cautiously positive
Federal Reserve’s Beige Book suggests economic activity continued to stabilise
Goodhart says regulatory outlook unclear
London School of Economics’s Charles Goodhart says the process of reaching international agreement has become more difficult
Financial stability must come second to inflation: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi says exit strategy must focus on price stability
Global liquidity provision system needed: IMF’s Blanchard
International Monetary Fund’s Olivier Blanchard says flexible credit lines have the potential to reduce the reserve-accumulation drive
Ukraine deputy quits on political meddling
National Bank of Ukraine’s Oleksandr Savchenko resigns accusing the President of interference with the central bank’s monetary policy
Yam has secured his place in history
As Joseph Yam prepares to depart, Tony Latter, a former deputy at the Hong Kong Monetary Authority, assesses the chief executive’s time at the helm of the territory’s financial authorities
US to end money-market guarantees this month
Treasury secretary Tim Geithner notes financial sector starting to wean itself of state support
Danes set to avoid euro vote – report
Report says Copenhagen will not hold euro referendum on waning support for single currency
Poland considers quantitative easing
National Bank of Poland says it may buy banks’ bonds as part of a raft of measures aimed at shoring up stability
Harmonised card schemes crucial for Sepa success: Tumpel-Gugerell
European Central Bank's Gertrude Tumpel-Gugerell says more card schemes needed to foster competition