Financial Stability
Riksbank’s Nyberg challenges Svensson over monetary policy framework
Riksbank deputy governor Lars Nyberg says monetary policy must support macroprudential policy; comments contrast with Svensson’s calls for monetary policy to focus on price stability
De La Rue shares soar on Oberthur takeover bid
Banknote printer De La Rue confirms preliminary takeover bid has been made; French firm Oberthur Technologies behind the move
Sarb refutes faulty rand note claims
South African Reserve Bank says it has full confidence in currency after media reports of flawed batches of R100 notes; issue surfaces ahead of first general meeting under new central bank law
Merkel enraged at vote to scrap US-EU Swift data deal: WikiLeak
Leaked wire from US embassy in Berlin says Germany’s Chancellor Angela Merkel was furious at German MEPs' decision to reject Swift data sharing deal with United States
Market for CoCos could take years to develop, say Credit Institute panellists
Regulators may be sold on banks issuing loss-absorbing contingent convertible securities, but panellists at Credit Institute event question whether natural investor base for instruments exists
Countercyclical measures key to stemming Indian inflows: Strauss-Kahn
IMF managing director Dominique Strauss-Kahn says adoption of countercyclical macroprudential measures eased capital inflows to India
Supervision of Israel’s housing market paramount: Fischer
Bank of Israel governor Stanley Fischer warns against complacency in supervision of mortgage-lending industry in Israel
Nigeria to launch new mobile payments system
Central Bank of Nigeria grants licence to create system that will provide banking services to all with a mobile phone
Trichet to eurozone governments: take the lead on debt crisis
European Central Bank president Jean-Claude Trichet says debt crisis is within governments’ remit, hinting at support for extension of European Financial Stability Facility
Brazil raises reserve ratio to ease impact of capital inflows
Central Bank of Brazil lifts reserve requirement ratio in bid to stem inflationary pressures resulting from capital inflows
ECB bucks market expectation with silence on further bond purchases
European Central Bank extends liquidity operations but does not commit to more bond purchases; move comes against market anticipation, dividing analysts
Fed audit sheds light on scale of deterioration in AIG vehicles
Federal Reserve publishes data illustrating the fall in asset value and quality in Maiden Lane II and III vehicles; Fed’s-eye view on crisis events revealed
IMF paper: Dutch disease weakens growth
Fund study finds evidence that overvaluation and volatility of the real exchange rate reduces growth
BoE’s Dale identifies persistent headwinds in UK
Bank of England chief economist Spencer Dale spots headwinds that continue to restrict growth in the United Kingdom
BoJ: a guide to the Tankan
Bank of Japan publishes note outlining ten most frequently used statistics on business conditions in Japan
Securency chairman set for London move
RBA assistant governor Bob Rankin to become chief representative in Europe; Rankin to remain Securency chairman until polymer manufacturer sold
Central Bank of Iceland – Financial Stability Report 2010/2
Central Bank of Iceland’s Financial Stability Report 2010/2 discusses new payment system infrastructure in Iceland
Iceland at economic crossroads: Guðmundsson
Central Bank of Iceland governor Már Guðmundsson says Iceland must now reconnect with global markets to build solid foundation for growth
Portuguese banks’ reliance on ECB 'unsustainable', says central bank
Bank of Portugal Financial Stability Report says domestic lenders’ reliance on eurosystem funding has spiralled; sovereign’s declining prospects a key factor
Risks to Swedish markets have not abated, says Riksbank survey
Riksbank's autumn 2010 risk survey shows more than half of market participants believe markets in Sweden have not normalised
Bernanke says Fed’s supervisory role creates synergies
Federal Reserve chairman Ben Bernanke says financial supervision at central banks provides benefits for macroeconomic management
Norwegian banks will meet Basel III ahead of schedule: Gjedrem
Norges Bank governor Svein Gjedrem says Basel III capital requirements will be implemented ahead of Basel Committee deadlines in Norway
RBI’s Gopinath promotes mobile banking in India
Reserve Bank of India deputy governor Shyamala Gopinath says mobile banking key to achieving financial equality in India
Anglo restructuring deal to be sealed in January: Ireland’s Honohan
Central Bank of Ireland governor Patrick Honohan says Anglo restructuring proposal will be approved by end-January; Irish banks face capital, liquidity assessments