Financial Stability
How individuals remit funds internationally
A research briefing from the Federal Reserve Bank of Kansas City describes means by which individuals make international remittances.
Tanzania looks into new notes
The Bank of Tanzania is looking into printing new banknotes barely five years after the previous series was introduced.
Denmark - Financial Stability Report
Denmark must implement a scheme of temporary capital injections to sound, well-managed banking institutions, says the latest Financial Stability Report from the National Bank of Denmark.
Bernstein: €9bn needed to save Danish banks
Nils Bernstein, the governor of the Danish central bank called on the public sector to provide Dkr70 billion (€9 billion) capital to the banking sector.
Principles for sound stress testing
A new consultative paper from the Basel Committee on Banking Supervision presents sound principles for the governance, design and implementation of stress testing programmes at banks.
Euro adds to Slovakia's New Year celebrations
Slovakia became the 16th country to join the Eurosystem on New Year's Day, an achievement few predicted would happen so soon after it joined the European Union less than five years ago.
Heller on how crisis will impact payments and settlements
Nick Carver spoke with the new head of the secretariat of the Committee of Payment and Settlement Systems about the impact of the credit crisis on market infrastructure and how central banks will respond
ECB warns of "downbeat attitude" on SEPA
The European Central Bank has published its sixth progress report on the implementation of the Single Euro Payments Area.
UAE creates swap lines for local banks
The Central Bank of the United Arab Emirates (UAE) is to provide currency-swap facilities for the UAE dirham and the US dollar to local banks in a bid to inject more liquidity into the country's banking system.
Crisis calls for revision of LOLR role: economists
Central banks must broaden their remit as lenders of last resort in the wake of the crisis, two economists who advise central banks have said.
Bubbles becoming ever-more frequent: BoJ head
Masaaki Shirakawa, the governor of the Bank of Japan, has noted that asset-price bubbles are becoming more and more frequent.
Some lessons on liquidity
The price a bank pays for liquidity depends upon the liquidity positions of its rivals as well as its own, research from the Bundesbank finds.
Bank of Canada - Financial System Review Dec '08
The latest Financial System Review from the Bank of Canada focuses on five key sources of risk to the strength and stability of the Canadian financial system.
Paulson wants more cash as Tarp bails out Detroit
Hank Paulson, the US treasury secretary, has called for Congress to hand over the remainder of the $700 billion in taxpayer funds allocated to the Troubled Asset Relief Plan (Tarp). Paulson's pleas followed news that George W. Bush, the US president,…
Demand soars for high-value euro notes
The value of €500 ($715) notes in circulation surged past a quarter of a trillion euros in 2008 to reach €262 billion in November.
DSK on the Fund's future
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, has said that the objectives of the Fund remain just as relevant today as they did in the 1940s; the question was how to meet them.
FSF Asia-Pacific statement notes strains
The fifth annual meeting of the Asia-Pacific group of the Basel-based Financial Stability Forum noted that although the region had been able to withstand the financial crisis to date a number of strains had begun to appear.
ECB - Financial Stability Review
The European Central Bank released their bi-annual Financial Stability Review on Monday, which highlighted four key risks and vulnerabilities for the financial system.
IMF's lending framework needs to change
The framework governing the International Monetary Fund's (IMF) lending operations is no longer appropriate, says a paper from the Bank of England.
Fiji launches "smaller, thinner, lighter" coins
The Reserve Bank of Fiji completed its currency reform with the unveiling of new 5, 10, 20, 50 cent and $1 coins at a ceremony on Thursday.
IMF's Strauss-Kahn: monetary policy limited
When the real economy has stalled looser monetary policy has only a limited effect, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund.
Fed's Kroszner on restoring confidence in MBS
Comprehensive and standardised loan-level data covering the entire pool of loans backing mortgage-backed securities (MBS) was needed so that the underlying credit quality could be analysed more easily, said Randall Kroszner, the governor of the Federal…
Bank's City ambassador gets the nod for deputy
Paul Tucker, the executive director responsible for markets at the Bank of England, will replace Sir John Gieve as the deputy governor responsible for financial stability.
Fed "extremely reluctant" to bail out Detroit
Ben Bernanke, the chairman of the Federal Reserve, has indicated that the central bank would be extremely reluctant to prop up Detroit's ailing big-three car companies.