Financial Stability
HKMA's Topping on improving the management of risk
In the speech 'Improving the management of risk through implementation of Basel II' given on 27 September Simon Topping of the HKMA said although preparations for the implementation of the new capital framework are well advanced in a large number of…
Has financial development made the world riskier?
This paper by Raghuram Rajan discusses the implications for monetary policy and prudential supervision of an increase in financial-sector-induced turmoil for some economies, due to developments in the financial sector.
PBOC's Zhou sees need for more financial stability
China can't rely solely on central bank interest rate and exchange rate policies to maintain financial stability, People's Bank of China governor Zhou Xiaochuan wrote in the China Economic Weekly.
RBI's Reddy urges firms to disclose fx exposure
India's central bank governor called on companies to make more disclosures on their exposure to foreign exchange and derivative products on Friday.
Sweden's Nyberg on financing of deposit insurance
In the speech 'Financing of deposit insurance - a central banker's perspective' given on 15 September Lars Nyberg of the Sveriges Riksbank said to the extent that central banks are concerned with financial stability, there is an important reason for the…
'The Region' from the Minneapolis Fed, Sep 2005
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for September 2005. The article "Payments system issues and challenges" asks why the market, not the Fed, is the prime mover in the U.S. payments system. The latest…
Fed's Ferguson on US currency
In the speech 'US currency' given on 28 September Roger Ferguson of the Federal Reserve said our hope is a smooth transition for the newly designed currency into daily cash transactions.
Int'l payment systems expand presence in Russia
This article published on Monday 3 October reports that payment systems have achieved notable success in Russia but operate differently than in most other markets.
ECB's Trichet on European financial integration
In the speech 'European financial integration' given on 3 October Jean-Claude Trichet of the ECB said a lack of integration in EU mortgage markets carries costs for both housebuyers and banks.
ECB's Tumpel-Gugerell on euro payments area
European Central Bank executive board member Gertrude Tumpel-Gugerell said foreign banks will take the leading role in restructuring the European banking sector if domestic banks move too slowly to create a single eurozone payments area.
US payment system working well says Fed's Stern
The US payments system appears to be working well and there is no need for the Fed to significantly alter its role, Minneapolis Federal Reserve President Gary Stern said on Thursday 29 September.
Bank system stability: cross-Atlantic perspective
This ECB Working Paper derives indicators of the severity and structure of banking system risk from asymptotic interdependencies between banks' equity prices.
BSP's Tetangco on capital markets
In the speech 'Capital market: A cornerstone of BSP financial reform agenda' given on 23 August Amando Tetangco of the Bangko Sentral ng Pilipinas said the BSP has also been fully supportive of the establishment of the Fixed-Income Exchange (FIE) as an…
RBA Financial Stability Review, September 2005
The Reserve Bank of Australia published the September 2005 edition of its Financial Stability Review on Monday 26 September. The Australian financial system remains in good shape, according to the latest Review.
Phil Fed's Santomero on the evolution of payments
In the speech 'The evolution of payments in the US: Paper vs. electronic' given on 10 September Anthony Santomero of the Philadelphia Fed said credit and debit cards are rapidly replacing paper checks as the most popular means of payment in the United…
EU calls for single payment area by 2010
Charlie McCreevy, the European Commissioner for the Internal Market and Services said on Tuesday 20 September that banks must create a single pan-EU system for payments by 2010, a demand the European Commission will underpin by legislation.
RBA's Lowe on payment systems
In the speech 'Innovation and governance of payment systems' given on 16 September Philip Lowe of the Reserve Bank of Australia said technological innovation and greater industry co-ordination in Australia's payments systems are required if it is to…
IMF Global Financial Stability Report, Sep 2005
The International Monetary Fund published its Global Financial Stability Report for September 2005 on 15 September. The global financial system has strengthened over the past year, according to the report, giving it a substantial cushion against…
Comment: Revisiting the risk landscape
Many central bankers and international financial institutions have as usual started the new season by surveying the changing risk landscape.
Bank of Uganda signs foreign reserve software deal
The Bank of Uganda has become the third African central bank to adopt a financial technology solution from Trema, the company announced recently.
McCreevy says cross border clearing cost must fall
Charlie McCreevy, the European Union internal market commissioner, said on Tuesday 13 September action will be taken against Europe's financial services industry if it fails to slash the costs of cross- border trading in securities within six months.
Financial Stability Forum holds its 14th meeting
The Financial Stability Forum (FSF), chaired by Roger W. Ferguson, met on 8-9 September in London. Members discussed risks and vulnerabilities in the international financial system.
Kyrgyzstan's central bank chief under house arrest
The governor of the National Bank of the Kyrgyz Republic, Ulan Sarbanov, has been placed under house arrest, accused of abuse of power during the rule of deposed president Askar Akayev.
BIS's Knight on challenges to financial stability
In the speech 'Challenges to financial stability in the current global macroeconomic environment' given on 6 September, Malcolm Knight of the BIS said the global financial system of today is vastly more efficient and resilient to small or moderate shocks…