Financial Stability
Fed's Lacker sees end of year recovery
Jeffrey Lacker, the president of the Richmond Federal Reserve, expects the recession to end later this year.
France bails on Sepa Direct Debit
The French National Single Euro Payments Area (Sepa) Committee, set up and chaired by the Banque de France and the French Banking Federation, has opted to delay the implementation of Sepa direct debit by a year to November 2010.
Central banks partly to blame: UK MPs
Though banks were ultimately culpable, central bank must acknowledge a share of the blame for the financial crisis, an influential group of British lawmakers has said.
ECB's Bini Smaghi: credit easing won't work for us
Unconventional policy measures that would best suit the euro area are likely to differ in terms of scope and depth from those in the United States or other advanced economies, said Lorenzo Bini Smaghi, a member of the European Central Bank's (ECB)…
Roubini praises Geithner
Nouriel Roubini, the economist most often identified as having predicted the crash, has complimented Tim Geithner for his performance as the United States treasury secretary and as head of the New York Federal Reserve.
Canada's mortgage market imperfectly competitive
Canada's residential mortgage market is imperfectly competitive, a paper published by the country's central bank posits.
Basel II won't ward off systemic threat
Risk-based capital regulation is inadequate for protecting the financial system as a whole, research published by the Dallas Federal Reserve reveals.
BIS stats highlight extent of capital flight
Data posted from the Bank for International Settlements (BIS) on Wednesday provided fresh evidence for the doom-mongers on central and eastern Europe, and went some way to explaining recent movements in exchange rates.
Research puts a price on systemic threat
Research from the Bank for International Settlements (BIS) estimates that the cost of insuring against steep losses at major American banks had increased to up to $250 billion as of July 2008.
Fed stress tests may reveal need for more capital
Shares in Citi and Bank of America, two of the United States's biggest banks, were hit on Tuesday after reports emerged that the Federal Reserve would require them to hold more capital as a result of the central bank's stress tests.
More transparency on Maiden Lane
The New York Federal Reserve on Wednesday disclosed further details of the assets held as collateral for the central bank's loans to Bear Stearns, a now-defunct investment bank, and American International Group (AIG), a beleaguered insurer.
Banks right to lend cautiously: BoE's Barker
The British government's strategy of encouraging British banks to lend received a setback on Wednesday after Kate Barker, a member of the Bank of England's Monetary Policy Committee (MPC), said that she could understand their reluctance to lend.
Trichet emphasises lack of confidence
Jean-Claude Trichet, the president of the European Central Bank, has claimed the role of policymakers in this stage of the crisis is to restore confidence.
Iceland's Oddsson says he did spot flaws
David Oddsson, the former governor of the Central Bank of Iceland who presided over the country's financial meltdown, has said he did warn of the dangers posed by the country's over-reliance on the banking sector.
FDIC's Bair condemns too big to fail
The idea of banks being too big to fail should be consigned to history, Sheila Bair, the head of the Federal Deposit Insurance Corporation (FDIC), the American regulator, has said.
Global imbalances and petrodollars
Research published by the International Monetary Fund explores oil exporters' role in our understanding and the resolution of global imbalances.
BoE's Haldane on lessons from natural disasters
There is much to be learnt on dealing with financial crises from natural disasters, Andrew Haldane, the executive director for financial stability at the Bank of England, has noted.
Research notes three trends in currency crises
Research published by the Bank of England on the role of external balance-sheet variables as determinants of currency crises has three key findings.
DSK notes discord on exit strategies
Public officials are divided on how best to abandon crisis-fighting policies once economies recover, Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), has said.
Geithner NY Fed diaries made public
The daily schedule of Tim Geithner, the US treasury secretary, during the final two years of his stint at the helm of the New York Fed has been released into the public domain.
Bank publishes first QE quarterly
Quantitative easing by the Bank of England has succeeded in reducing gilt yields, and narrowing spreads on commercial paper and corporate bonds, but the Bank on Monday cautioned that it will take some time to determine the full effect of its purchases.
Fed reveals Maiden Lane assets
In a bid to enhance transparency, and in doing so appease anger on the Hill, the Federal Reserve on Thursday released information about the assets it holds of American International Group (AIG), the beleaguered insurer, and Bear Stearns, a now-defunct…
Fed's Hoenig: no firm is too big to fail
Thomas Hoenig, the president of the Kansas City Federal Reserve, has said that no firm is too big to fail.
Japan's Shirakawa: macroprudential view crucial
It is becoming increasingly important for policymakers to sharpen macroprudential perspectives, said Massaki Shirakawa, the governor of the Bank of Japan.