Financial Stability
Philly Fed payments VP wins promotion
Arun Jain, a vice president at the Philadelphia Federal Reserve's retail payments department, will become a senior vice president after nearly 30 years of working within the Fed system.
Fed pledges to extend aid measures into 2009
The Federal Reserve moved to soothe financial market tensions on Wednesday with a fresh batch of liquidity measures, including confirmation that it will allow investment banks to borrow from its discount window into next year.
Zimbabwe lops ten zeros off currency
The Reserve Bank of Zimbabwe announced plans to remove ten zeros from its currency in a fresh bid to fight hyperinflation.
Shirakawa: consider cross-border collateral
Central banks should consider expanding their operation in terms of providing credit through cross-border collateral, said Masaaki Shirakawa, the governor of the Bank of Japan.
Discount window borrowing hits fresh high
US commercial banks borrowed an average of $16.8 billion per day from the regional Federal Reserves' discount windows in the week to Wednesday, the highest-ever amount.
Zimbabwe plans reforms to ease consumers' plight
The Reserve Bank of Zimbabwe is to publish plans aimed at alleviating the impact of hyperinflation on consumers, Gideon Gono, the governor of the central bank, said on Thursday.
Singapore enhances liquidity management
The Monetary Authority of Singapore (MAS) is to allow more banks to borrow from its standing facility in a bid to improve liquidity management in the banking system.
Enforcement, collateralised debt and the economy
Collateralised debt has been shown to impact business cycle fluctuations, but to what extent is this affected by the efficiency of debt enforcement? A new paper from the Bank of Canada investigates.
Fed's TAF is effective
The Federal Reserve's Term Auction Facility (TAF) helped ease conditions in money markets, finds a new paper from the Federal Reserve Bank of New York.
Japan faces fragile loan demand
Loan demand from Japanese firms worsened significantly from April to July and reached the lowest level since July 2004, according to the Bank of Japan's quarterly opinion survey of senior loan officials.
Zimbabwe introduces Z$100 billion note
The Reserve Bank of Zimbabwe on Monday began circulating a Z$100 billion note.
Boston Fed hires stadium for home-loan class
The scale of the problem in US mortgages has been illustrated by the Boston Federal Reserve holding a workshop for struggling homeowners at the stadium of the New England Patriots, an American football team.
SNB's Hildebrand backs tough stance on banks
The integrated bank model can be successful even with new and significantly tougher capital and liquidity requirements, said Philip Hildebrand, vice chairman of the Swiss National Bank, in an interview to the Tages-Anzeiger, a Swiss daily.
Berlin calls off note-printer auction
The German government has abandoned plans to sell its federal printing works.
HKMA - Banking Stability Review
The Hong Kong Monetary Authority's (HKMA) Banking Stability Review has found the territory's banking system robust.
Senator condemns Fed
A US Senator has attacked Federal Reserve policy and called on Washington to deprive the central bank of some of its rate-setting responsibility.
Yellen on Fed's response to subprime crisis
Janet Yellen, the president of the San Francisco Federal Reserve, has underlined the central bank's commitment to addressing the mortgage and foreclosure crisis.
Olympic banknotes spark queues in Hong Kong
The release of special banknotes to mark the Beijing Olympics has prompted queues outside the Bank of China's Hong Kong branches.
Fed will lend to Fannie and Freddie
The Federal Reserve has authorised the New York Federal Reserve to lend to Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that insure half of the US's home loans.
FDIC seizes Californian bank
The Federal Deposit Insurance Corporation (FDIC), a US regulator, has taken control of IndyMac, a California-based lender with total assets of $32 billion.
UAE speeds up cheque processing
The Central Bank of the UAE has introduced a new cheque-clearing system that will vastly reduce the time taken to process cheques.
BoE's Jenkinson on innovation and risk
Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England, highlighted a number of frictions and market imperfections that lower the effectiveness of financial innovation.
ECB publishes payment systems report
The European Central Bank (ECB) on Friday released its first payments systems and market infrastructure oversight report.
Number of counterfeit euro notes surges
The number of counterfeit banknotes recovered in the eurozone soared by 5.4% in the first half of 2008, the European Central Bank (ECB) said on Thursday.