Financial Stability
Ma signals further reforms in China's rural areas
People's Bank of China deputy governor Ma Delun outlines new financial reform in China's rural areas
Czech fury at ECB negative capital view
Czech central bank objects to ECB's denigration of negative capital in its Convergence Report
King throws weight behind new government's cuts
Bank of England governor Mervyn King says incoming coalition government's plans to cut UK expenditure by $9 billion in 2010 have eased downside risks to growth
Agency didn't follow its models on CDO ratings
A leading rating agency gave triple A ratings to CDO tranches when their own models implied downgrades
ECB will not sell eurozone bonds: Stark
European Central Bank rate-setter Jürgen Stark says eurozone bonds will be held to maturity, rebuts suggestion that central bank was leant on by governments to buy debt
Regulators set out policy agenda for OTC derivatives infrastructure
CPSS and IOSCO issue consultative reports on central counterparties and trade repositories
Cracks emerge over ECB’s bond purchases
Bundesbank head and ECB leadership candidate Axel Weber criticises central bank’s entry into bond markets, analysts disagree on whether intervention justified
Fed audit clause unanimously approved for reform bill
US lawmakers vote 96-0 in favour of including controversial amendment to audit the Fed in financial sector reform bill
Norges Bank: Financial Stability Report
Norges Bank’s bi-annual Financial Stability Report shows a positive outlook for the Norwegian economy despite instability in Europe
Bank of Canada launches new commodities index
Bank of Canada replaces old fixed-weight measure with new Fisher chain index of Canada’s commodities market
Europe gambles to save currency union
Markets surge as European Central Bank changes course and commits to buying government bonds, move comes as eurozone and IMF unveil trillion-dollar support package
Philly Fed's Plosser: Fed acted on contagion fear
Philadelphia Federal Reserve's Charles Plosser says swap lines were re-opened on concern over impact of eurozone debt crisis on US banks
Banks should not rely on CDS spreads for credit risk
National Bank of Belgium study highlights a number of shortfalls in policymakers’ use of CDS spreads as an indicator for bank risk
Bernanke on the success of stress testing program
Federal Reserve chairman Ben Bernanke says stress testing helped return credibility to banking sector
Canada’s Murray: commodity boom and bust avoidable
Bank of Canada deputy governor John Murray says commodity market volatility can be eased with sensible policies
Fed’s Hoenig calls for counter-cyclical leverage ratio, slams Basel requirements
Hoenig calls for change in regulatory approach to bank lending by ditching Basel II approach in favour of ceiling on leverage
Trichet plays down 'nuclear option' to end Greece crisis
ECB president Jean-Claude Trichet says option for outright purchase of government bonds is not on table
Sovereign troubles will drag banks down: Moody's
Ratings agency says sovereign downgrades in the southern eurozone could lead to decline in banking sector, further spending cuts will exacerbate problem
Fed’s Rosengren: full US recovery years away
Boston Federal Reserve president Eric Rosengren identifies several challenges towards economic recovery in the United States
Malaysia's Mahathir: Islamic finance must not follow western banking model
Malaysia's former prime minister Mahathir calls for more regulation of banking sector and repudiates western model on banking
ADB's Kuroda pushes agenda for economic integration in Asia
Asian Development Bank president Kuroda hails Asian rebound but calls for commitment on wider integration of region
European rating agency could break the hold of 'big three': Barnier
European commissioner Michel Barnier moots a continental ratings agency to introduce diversity, comments follow criticism of ratings agencies from European finance minister
ECB breaks equal-treatment pledge and accepts Greek junk bonds
European Central Bank suspends minimum credit rating on Greek government debt, breaking its commitment to universal collateral rules
Lower growth a price worth paying for strong banks: Wellink
Basel Committee chairman Nout Wellink says potential drop in growth not too high a price for more robust banking system; secretary-general Stefan Walter says regulatory requirements still too soft