Financial Stability
Too early for global exit strategy - Saudi chief
Muhammad Al-Jasser, governor of Saudi Arabia’s central bank, cautions against a rushed withdrawal from expansionary measures
Too-big-to-fail matters for macroprudence
Federal Reserve Board research looks at the dynamics of spillover effects of the global financial crisis to Asia and Pacific region
Danes naturals for mobile payments
National Bank of Denmark research suggests that Danish consumers should utilise mobile payments more
Narrow banking would create more instability: FSA’s Turner
Adair Turner, the head of Britain’s financial regulator, says narrow banking is not the solution because it fails to understand the root problem in the sector
Innovation, not regulation, the challenge
Heng Swee Keat, head of Singapore’s central bank, said Asian economies have different needs in emerging from the current financial crisis
FSA’s Turner is right to push for a Tobin tax
The financial sectors in mature economies grew too large in the run-up to the crisis. A Tobin tax can help prevent this from happening again, argues Costas Lapavitsas, a professor at the School for Oriental and African Studies
BIS global financial regulator needed: Griffith-Jones
Stephanie Griffith-Jones argues for far stronger global financial regulatory governance under the Bank for International Settlements (BIS)
Global regulatory reform not in sight: Kern Alexander
Kern Alexander says consensus on international regulatory reform is still far ahead
Iceland begins dismantling capital controls
Central Bank of Iceland takes first step towards capital-account liberalisation
India’s Thorat: coordination key in crisis
Reserve Bank of India’s Usha Thorat draws regulatory and crisis-management lessons from India’s past financial crises
Kenya’s Ndung’u praises M-Pesa
Central Bank of Kenya’s Njuguna Ndung’u says M-Pesa mobile payments service improves financial inclusion and provides secure remittances channel
Macroprudential policy tough to apply – Watanagase
Bank of Thailand’s Tarisa Watanagase says macroprudential policy framework is challenging to put into practice
Global balance-sheet growth behind dollar scarcity
Bank for International Settlements looks at the causes of the dollar shortage in the global banking system during the crisis
Zambia’s Fundanga: region to upgrade regulation
Bank of Zambia’s Caleb Fundanga says Eastern and Southern Africa’s regulation must adapt to complex cross-border financial institutions and move to consolidated supervision
Bank of Albania – Annual Report 2008
Economic growth was in line with projections in 2008, notes Ardian Fullani in the central bank’s latest Annual Report
Euro-area credit standards show signs of easing
European Central Bank’s lending survey shows substantial decline in banks tightening their credit standards
Liikanen calls for post-crisis reality check
Erkki Liikanen, governor of the Bank of Finland, says optimism must be reined in
Rwanda launches mobile money scheme
François Kanimba, governor of the National Bank of Rwanda, says the new mobile money system will be closely supervised
Government criticises Bank of Japan for excessive optimism
Finance minister comments reveal split in outlook with central bank
Four steps to improve international cooperation: Fed’s Kohn
Fed vice-chairman Donald Kohn calls for a more coordinated global response to the crisis
Productivity drives banks’ international efforts
Bundesbank’s research finds that only the largest and more productive banks engage in international activity and set up foreign affiliates
Trichet rules out €30 banknote
ECB president Jean-Claude Trichet says the central bank will not issue a €30 bill after lawmaker’s request
Indian banks resilient – RBI report
Reserve Bank of India’s report shows financial sector has coped well, but systemic risk remains
Emerging economies to lead the recovery: BoJ deputy governor
Bank of Japan's Kiyohiko Nishimura says financial conditions and business sentiment in the world’s second largest economy have improved