Financial Stability
RBA Financial Stability Review, March 2007
The Reserve Bank of Australia published the March 2007 edition of its Financial Stability Review on Monday 26 March. There are few risks to financial stability with the level of problem loans quite low and households adopting a cautious approach to their…
Quaden on the cash single shared platform
In the speech 'CashSSP - the cash single shared platform' given on 16 March Guy Quaden of the National Bank of Belgium said the Eurosystem has established itself as a sound system capable of taking well-founded monetary policy decisions.
Liikanen on the cash single shared platform
In the speech 'CashSSP - the cash single shared platform' given on 16 March Erkki Liikanen of the Bank of Finland said we expect that all Eurosystem central banks can and will participate in the emerging division of labour on the basis of reasonable…
New developments in clearing and settlement
The Committee on Payment and Settlement Systems (CPSS) issued a report on New developments in clearing and settlement arrangements for OTC derivatives on 16 March.
Why is market volatility so low?
According to this article from MoneyWeek, published Wednesday 14 March, the recent so-called drama around the world is more likely a long overdue reaction to months of relentless appreciation in global stock markets.
Market tumult a warning on risk: ECB's Garganas
The recent turmoil in financial markets is a timely reminder that risks to the global economy cannot be shrugged aside, European Central Bank governing council member Nicholas Garganas said on Thursday 15 March.
Bank of Japan, Financial System Report, March 2007
The Bank of Japan published its Financial System Report for March 2007 on 13 March. Japan's financial system as a whole has remained stable, the report said.
Narube on the newly designed Fiji banknotes
In the speech 'Unveiling the newly designed Fiji banknotes' given on 9 March Savenaca Narube of the Reserve Bank of Fiji said that the bank decided to stay with paper rather than change to polymer or plastic.
Don't blame China for volatility says PBOC's Zhou
People's Bank of China governor Zhou Xiaochuan dismissed on Monday 12 March the idea that the country's massive foreign currency reserves were the cause of recent market volatility.
G10 bankers: Stock correction reminds of risk
G10 central bankers said Monday 12 March that the recent correction in stock markets was a useful reminder of the risks faced by investors, but it has not altered fundamental growth prospects.
St Louis' Poole on inflation & financial stability
In the speech 'Inflation, financial stability and economic growth' given on 5 March William Poole of the Federal Reserve Bank of St. Louis said low inflation must be a central bank's prime goal, adding this had helped cushion the U.S. economy from its…
BIS's Knight on risk in the small and in the large
In the speech 'Now you see it, now you don't: risk in the small and in the large' given on 28 February Malcolm Knight of the BIS said there is no doubt that the financial system is now more resilient than it was in the past.
Iran plans banknote with atomic symbol - reports
Iran, which is currently embroiled in a row with the West over its nuclear ambitions, will issue a new banknote this month carrying an atomic symbol, newspapers reported on Sunday 4 March.
BIS Papers on evolving banking systems
BIS Papers from the 'Evolving banking systems in Latin America and the Caribbean: challenges and implications for monetary policy and financial stability', meeting of central banks of open economies in Latin America and the Caribbean, Jamaica, 26-27…
Report says watchdog to probe ECB settlement plan
The European Central Bank's plans to establish an integrated securities settlement system in the euro zone will be examined by the region's competition watchdog, according to a report by the FT Thursday 1 February.
Do we need the IMF to resolve a crisis?
The Bank of Canada Working Paper "Do we need the IMF to resolve a crisis? Lessons from past episodes of debt restructuring" investigates how debt restructurings have evolved over the decades.
BoE Payment Systems Oversight Report
The Bank of England published its third Payment Systems Oversight Report on Tuesday 27 February. The report says its overall message is encouraging, summarising the developments in the key UK payment systems over the past year and explaining the focus of…
Argentina's Redrado on financial stability
In the speech 'Financial stability and the importance of AML/CFT supervision and regulation' given on 13 February Martin Redrado of the Central Bank of Argentina said there is no unique solution or pre-established methodology for governments or…
ECB's Tumpel-Gugerell still sees SEPA from Jan 08
European Central Bank board member Gertrude Tumpel-Gugerell said Tuesday 20 February the plan for a single euro payments area (SEPA) is still on track to begin operations from 1 Jan next year, despite disputes over organising cross-border operations.
Sweden's Riksbank appoints new head of IT
The Executive Board of the Sveriges Riksbank appointed Hans Ohlson as new head of the IT Department on Friday 16 February. Mr Ohlson will take up this post on 15 May.
Tumpel-Gugerell on the ECB's view on SEPA
In the speech 'The European Central Bank's view on SEPA' given on 13 February Gertrude Tumpel-Gugerell of the ECB said the aim of SEPA is to complete the introduction of the euro as the single currency and to support European integration.
Canada paper on electronic trading platforms
This Bank of Canada Working Paper examines the impact of increased transparency, brought about by the introduction of three electronic trading systems, on the brokered interdealer market for Government of Canada benchmark securities.
ECSDA calls for postponement on settlement system
The European Central Securities Depositories Association (ECSDA) has called for the European Central Bank to postpone plans to implement an integrated securities settlement system in the euro zone, the Financial Times reported.
Why prevention is better than cure
Does delay in closing a bank make a crisis worse? Not necessarily so, says Charles Goodhart, who examines the case for and against with reference to recent financial crises and near-crises