Financial Stability
Tarp assets too dear
The head of a watchdog charged with overseeing the use of funds allocated to the Troubled Asset Relief Program (Tarp) said on Thursday that the Treasury was overpaying for its investments in banks.
Italy's Draghi - standardisation needed
A move towards the standardisation of financial products in the future is unavoidable, said Mario Draghi, the governor of the Bank of Italy.
UK edges towards bad-bank solution
Britain is considering adopting the bad bank model to buy toxic assets a little over a fortnight after London announced plans to guarantee banks' bad debt.
Riksbank upgrades payments system
The Riksbank is to move to a new technology system and platform for RIX, the central bank's funds transfer system.
France's Noyer: keep your supervisors close
This crisis has showed the merits of having the banking supervisors close to the central bank, said Christian Noyer, the governor of Banque de France.
Social role of banks must change: UK's McFall
John McFall, the head of Britain's influential Treasury Committee, on why finance-industry pay must be curbed, some of the country's biggest banks nationalised and lessons can be learned from abroad
Report cautions on dangers of free capital flows
Dogmatic adherence to the doctrine of free capital flows is misguided and potentially dangerous, a new study from the Committee on the Global Financial System, a collective of central bankers from across the globe, warns.
Crisis demands a common voice: UK's McFall
John McFall, the chairman of Britain's Treasury Committee, tells CentralBankNews.com why the financial crisis means central bankers will have to change the way they speak.
Zimbabwe lops zeros off currency, again
The Reserve Bank of Zimbabwe has chopped 12 zeroes off the Zimbabwean dollar in its latest attempt to curb hyperinflation.
Financial regulation: a macro analysis
A report from the Centre for Economic Policy Research applies macroeconomic analysis to the design of financial regulation.
NZ's Bollard: banks need more capital
Financial institutions need more capital if the global financial system is to get back on track, said Alan Bollard, the governor of the Reserve Bank of New Zealand.
Sepa implementation: an overview
A new publication from the Bank of Italy gives an up-to-date overview of the Single Euro Payments Area (Sepa) implementation process.
Harare abandons Zim dollar for foreign currencies
The Zimbabwean government has said that it will allow businesses to accept multiple currencies alongside the effectively worthless Zimbabwean dollar.
Economists' forum launches crisis blog
VoxEU.org, an online forum set up by the Centre for Economic Policy Research, has launched a blog on the global financial crisis.
Denmark details release schedule for new notes
The National Bank of Denmark will begin issuing a new Dkr50 ($8.75) bill, the first in a new series of banknotes, on 11 August.
Italy's Saccomanni hits out at protectionist claim
Fabrizio Saccomanni, the director general of the Bank of Italy, has attacked claims that a new facility set up by the central bank is protectionist.
What Washington needs to do next: Ex-Fed's Posen
Adam Posen, a deputy director at the Peterson Institute, a research body, and a former economist at the New York Fed, tells CentralBanking.com why the US administration must be bold, coherent and forceful in dealing with the toxic assets which litter…
BoJ's Shirakawa: we'll monitor macro risks more
The Bank of Japan will continue to strengthen and exercise its role in managing macroprudential risks, said Masaaki Shirakawa, the governor of the central bank.
IMF identifies early indicators of bank weakness
Research from the International Monetary Fund identifies a set of indicators and thresholds to distinguish between sound banks and those vulnerable to financial distress.
Central Bank of Chile - Financial Stability Report
The main threat to the Chilean economy's financial stability is a contraction in the supply of external funds, notes the latest Financial Stability Report form the Central Bank of Chile.
UK lawmakers want all the gore on bank lifelines
An influential group of British lawmakers have called for the UK Treasury to be much more open in detailing the liabilities taken on by its ownership of stakes in some of the country's biggest banks.
Denmark's Bernstein on the benefits of the euro
Nils Bernstein, the governor of the National Bank of Denmark, has outlined a number of reasons why Denmark should join the eurozone.
Was subprime possible to predict?
Research by the Boston Federal Reserve finds that market participants should have predicted the steep rise in foreclosures that occurred in 2007 and 2008.