Financial Stability
Bulgaria takes counter-cyclical measures
The Bulgarian National Bank has taken counter-cyclical measures to support its domestic banks.
Reducing foreclosures essential - Fed's Duke
We need to strengthen and augment our efforts to reduce preventable foreclosures, said Elizabeth Duke, a governor at the Federal Reserve.
We must review our reliance on ratings: King
Central banks must rethink their reliance on credit ratings to assess financial products' suitability for open-market operations, Mervyn King, the governor of the Bank of England, has said.
Ex-Buba's Pohl sees euro threat
Karl Otto Pohl, a former president of the Bundesbank, has said that he believes countries are considering quitting the eurozone and that German politicians are concerned that they will end up shelling out for any member's debt defaults.
BoE's Tucker: end bickering over CDS clearing
Paul Tucker, the soon-to-be deputy governor responsible for financial stability at the Bank of England, has called on officials to stop feuding over plans to create a central counterparty for credit default swaps (CDS).
Washington talks down nationalisation
Some of the main players in the United States's plans to fix the financial sector have been playing down the likelihood of nationalisation in recent days.
Framework for defaults required - BoJ's Shirakawa
The framework to deal with troubled financial institutions needs to be better developed, said Masaaki Shirakawa, the governor of the Bank of Japan.
Crockett on lessons from history
Sir Andrew Crockett, a former general manager of the Bank for International Settlements now at JPMorgan, a bank, warns that officials must acknowledge the benefits of innovation and the inconsistencies between macro- and micro-level fixes.
Fed site looks to clarify balance-sheet growth
The Federal Reserve has launched a new section of its website to explain why its balance sheet has doubled since the beginning of the crisis.
Eastern Europe counters currency attacks
Four eastern European central banks have made a coordinated effort to bolster their currencies, saying recent sharp depreciations fail to reflect economic fundamentals.
Central bank liquidity abates crisis but not risk
Central banks' liquidity provision can manage a liquidity crisis but cannot tackle the roots of liquidity risk, posits a new paper form the European Central Bank.
US regulators pledge to support banks
America's regulators on Monday moved to shore up sentiment in the country's flagging financial sector, saying they would support systemically important institutions.
EU backs pledge to fill IMF coffers to $500bn
The International Monetary Fund (IMF) needs to bolster its lending capacity to $500 billion, leaders of Europe's biggest economies have said. The move comes amid concern that the Fund will be unable to avert the collapse of some central and eastern…
This was always a crunch to be fought on 2 fronts
Charles Wyplosz, a professor at the Graduate Institute, Geneva, and an occasional consultant to the International Monetary Fund and World Bank, tells CentralBankNews.com why reviving banks' health was always going to take more than capital injections.
UAE aids Dubai with $10bn bond purchase
The Central Bank of the United Arab Emirates has acted on fears that Dubai will not be able to repay its debt by buying $10 billion-worth of the emirate's bonds.
Don't panic, pleads ECCB as Stanford run starts
The Eastern Caribbean Central Bank, which acts as financial regulator, has called for calm in Antigua and Barbuda as nervous depositors began to withdraw funds from the Bank of Antigua, part of the Stanford Group.
NYFed hosts CDS powwow
The Federal Reserve Bank of New York has hosted a meeting of global regulatory authorities for credit-default swap central counterparties as part of a new concerted effort to formalise the trading and processing arrangement for the market.
Strike brings Indian markets to a halt
The majority of the Reserve Bank of India (RBI) staff held a one-day strike on Friday, resulting in significant disruptions to the country's financial markets.
Financial order changing - Macedonia's Goshev
The global financial crisis is going to reshape the international financial architecture, said Petar Goshev, the governor of the National Bank of Macedonia.
Lessons from Japan
Thomas Cargill analyses what the American authorities can learn from Japan’s lost “decade and a half”
What the Icelandic collapse taught us
The reduction of a bloated banking sector presents an opportunity for a return to balanced growth, argues Tryggvi Thor Herbertsson
Of currencies, crises and completions
The crisis presents an opportunity to complete Europe’s journey towards a true monetary union, argues John Nugée
Bank of Japan to buy up corporate paper
The Bank of Japan announced plans to spend up to one trillion yen ($10.6 billion) in outright purchases of corporate paper in a bit limit the damage from "severe" financial and economic conditions.
What payments experts have learned
Payments experts have learned a lot about liquidity risk and lender of last resort from the crisis, explained Daniel Heller, the new head of the influential CPSS Secretariat in Basel.