Financial Stability
Don't rely too heavily on capital-adequacy models
Supervisors should guard against placing undue reliance on the overall level of capital implied by economic capital models in assessing capital adequacy, a new paper from the Bank for International Settlements posits.
Sepa project must be extended
The scope of the Single Euro Payments Area (Sepa) project must be extended to include standardisation in the field of value-added services, such as e-invoicing, a new paper from the National Bank of Denmark states.
A solution to the reserves riddle
There has been an anomaly between what is in the national interest and what is in the global interest on the issue of reserves. However, this does not have to be so.
Soros urges G20 to agree on SDR reallocation
George Soros, one of the world's most renowned hedge-fund managers, has called on G20 leaders to endorse the reallocation of rich country's SDR quotas with the International Monetary Fund (IMF).
A proposal to aid emerging-market stability
Ousmene Mandeng, the head of public sector investment advisory at Ashmore, an asset management firm, believes there is a more efficient way for emerging market central banks to use their reserves to stave off a disorderly unwinding of their capital…
Spain appoints new deputy amidst first bailout
The Spanish government named Francisco Javier Ariztegui as the Bank of Spain's new deputy governor on Friday.
ECB issues Sepa "expectations"
The European Central Bank (ECB) published a list of expectations on Friday for how it would like to see stakeholders act to implement the Single Euro Payments Area or Sepa, amid concerns that the initiative will be swept aside by the financial crisis.
We won't let banks fail - Nigeria's Soludo
Chukwuma Soludo, the governor of the Central Bank of Nigeria, said on Monday that the central bank will not allow any of the domestic banks to fail.
Tucker: macroprudential is more than macro + micro
A macroprudential approach to financial supervision requires more than simply bringing together the central bank's macroeconomists and the regulator's line supervisors, said Paul Tucker, a deputy governor of the Bank of England.
Limits to safety net support - Richmond's Lacker
It is of paramount importance to clearly define the boundaries of future safety net support, said Jeffrey Lacker, the president of the Richmond Federal Reserve.
Europe's and Japan's fiscal actions procyclical
Discretionary fiscal policy tended to be procyclical in continental European countries and Japan, a new paper from the International Monetary Fund posits.
Cooperation between leaders and banks essential
As the world responds to financial and economic turmoil, the industry and authorities must work together as never before, says Angela Knight, the chief executive of the British Bankers' Association (BBA).
Goodfriend: Fed's fiscal statement does not go far enough
The Federal Reserve's attempt to clarify its stability role is a move in the right direction, but must be improved upon
Zhou warns against trust in external ratings
Zhou Xiaochuan, the governor of the People's Bank of China, voiced concern about the role of rating agencies in an essay posted on the central bank's website.
Fed's Stern: recession could end in mid-2009
In one of the most bullish assessments of the state of the US economy by an official of the Federal Reserve since the start of the crisis, Gary Stern, the long-serving president of the Federal Reserve Bank of Minneapolis, said that the recovery could…
Data on home-host banking activity inadequate
Data on international banking activity remain largely inadequate for surveillance and policymaking purposes, new research from the International Monetary Fund (IMF) posits.
Basel Committee's Praet on the future of regulation
Peter Praet, an executive director at the National Bank of Belgium and a member of the Basel Committee on Banking Supervision, offers some pointers on how global leaders should formulate their regulatory response to the crisis.
European banks to drop interchange fees by 2012
The European Commission and the European Central Bank (ECB) have told European banks to get rid of interchange fees on direct debit transactions by 31 October 2012 under EU antitrust rules.
IMF to loan Romania $17.5 billion
The International Monetary Fund (IMF) has agreed a $17.5 billion loan to Romania to cushion the rapid withdrawal of capital from the eastern European economy.
Spain's Vinals to succeed Caruana at IMF
Jose Vinals, is the new director of the International Monetary Fund's (IMF) monetary and capital markets department, replacing Jaime Caruana, now general manager of the Bank for International Settlements.
Shirakawa terms measures "extremely extraordinary"
The Bank of Japan's decision earlier this month to directly provide quasi-capital funds to banks through subordinated loans was an "extremely extraordinary" measure, Masaaki Shirakawa, the governor of the central bank, has emphasised.
Fed sets boundaries for stability role
The Federal Reserve sought to clarify its role as a guardian of financial stability on Monday in an attempt to avoid taking what one regional Fed president has labelled "risky" fiscal action.
RBA's Lowe: payments providers must cooperate
There is a strong case to re-examine the balance that has been struck in the Australian payments system between competition and cooperation, said Philip Lowe, an assistant governor of country's central bank.
Buba to strengthen stability role
The Bundesbank is strengthening its role in financial stability by establishing a new department as part of a significant structural overhaul.