Financial Stability
IMF Paper: Global imbalances & financial stability
This IMF Working Paper discusses two opposing views on global imbalances: The "traditional view", which regards the imbalances as a threat to global economic and financial stability, and the "new paradigm" view.
ECB's Tumpel-Gugerell on making SEPA a reality
In the speech 'Making SEPA a reality - Involving the public sector in the Single Euro Payments Area' given on 8 May Gertrude Tumpel-Gugerell of the ECB said she is convinced that public administrations should remain competitive in an increasingly…
RBNZ Financial Stability Report, May 2007
The Reserve Bank of New Zealand published its May 2007 Financial Stability Report on 9 May. RBNZ governor Alan Bollard said that New Zealand's financial system has continued to be stable.
RBA's Lowe on non-banks in the payments system
In the speech 'Non-banks in the payments system: A central bank perspective' given on 4 May Philip Lowe of the RBA said our approach to oversight has focused on the various functions involved in making a payment from one person to another.
ECB's Tumpel-Gugerell on modernising payments
In the speech 'Modernising payments: 'no pain - no gain'' given on 4 May Gertrude Tumpel-Gugerell of the ECB said Europe has already made significant progress on modernising the payment industry, with the SEPA project constituting a key driver for change.
NY Fed's Geithner says flexible rates better
Federal Reserve Bank of New York president Timothy Geithner said on Friday 4 May in a speech that flexible exchange rates allow emerging countries to handle global economic swings better.
Uganda's central bank redesigns website
The central bank of Uganda has launched a redesigned user-friendly website with updated information on key financial indicators at a cost of $49,000.
NY Fed issues hedge fund warning
In what Reuters describes as its "sternest warning to date" on the state of the hedge-fund business, the Federal Reserve Bank of New York said Wednesday 2 May that the funds could represent the biggest risk for a financial crisis since 1998.
ECB says planning new card payment oversight
The European Central Bank said on Thursday 3 May it is proposing a new cross-border framework to oversee all payment card systems using the euro.
Iceland's Oddsson on the commercial banks
In the speech 'The commercial banks are more resilient' given on 25 April David Oddsson of the Central Bank of Iceland said the crucial factor behind the central bank's assessment that the financial system is now more resilient to shocks is the banks'…
The rise of the polymer
Nick Carver looks on the development of a viable alternative to paper banknotes
Why central banks should look at liquidity risk
Recent legal and market developments have alerted public authorities and industry bodies to the perils of liquidity risk risk, write Stefan W. Schmitz and Andreas Ittner
Interview: Ajith Nivard Cabraal
In an exclusive interview, the governor of the Central Bank of Sri Lanka discusses recent developments in monetary policy and the possible introduction of inflation targeting
SARB Financial Stability Review, March 2007
The South African Reserve Bank published the March 2007 edition of its Financial Stability Review on 25 April. In its latest report the SARB said the South African financial system was assessed as sound, with overall confidence in the financial services…
Central Bank of Iceland, Financial Stability 07
The Central Bank of Iceland published its Financial Stability Report for 2007 on 25 April saying the crucial factor behind the Central Bank's assessment that the financial system is now more resilient to shocks is the banks' stronger liquidity and equity…
Hedge funds pose financial stability risks - Noyer
Bank of France governor Christian Noyer said in a speech at a Bundesbank conference Friday 27 April financial innovation is partly to blame for the unstable growth in eurozone M3 money supply.
ECB launches consultation on TARGET2
Following its announcement on 8 March, the Governing Council of the European Central Bank decided on Thursday 26 April to launch a public consultation on the general principles and the set of high-level proposals defining the nature and scope of TARGET2…
Bank of England Financial Stability Report, Apr 07
The Bank of England published its latest Financial Stability Report for April 2007 on Thursday 26 April. The report said the U.K.'s financial stability is facing a greater threat than it did in July from low corporate lending rates and growth in markets…
BoE's Tucker on financial system developments
In the speech 'A perspective on recent monetary and financial system developments' given on 26 April Paul Tucker of the Bank of England suggested that UK interest rates are nearing levels at which they will really cut into economic activity.
ECB welcomes Payment Services Directive
The European Central Bank said Tuesday 24 April it regards the adoption of the PSD by the European Parliament as a decisive step towards the realisation of the SEPA.
Debit card and cash usage: Cross-country analysis
This Chicago Fed Working Paper finds that while check usage declined and has almost disappeared in some countries, the stock of currency in circulation has not declined as fast.
National Payment System South Africa 95 to 05
The National Payment System Department of the South African Reserve Bank published a document on Wednesday 18 April entitled The National Payment System in South Africa - 1995 to 2005.
Yogesh Anand leaving the RBNZ for the BIS
Reserve Bank of New Zealand Chief Information Officer Yogesh Anand is leaving the Bank to take up the role of Head of Information Technology Services for the Bank for International Settlements (BIS) in Basel, Switzerland, the RBNZ said Thursday 19 April.
Fundanga on payment system developments
In the speech 'Payment system developments in the region' given on 2 April Caleb Fundanga of the Bank of Zambia said effective payment system oversight needs to be promoted so that public confidence in the safety and soundness of the national payment…