Financial Stability
Tucker: BoE to only partly offset the credit blow
The Bank of England should cut rates gradually to avoid inflation, said Paul Tucker, the Bank's executive director responsible for markets and member of the Monetary Policy Committee.
Lenders expect further credit cutbacks: BoE poll
The Bank of England's quarterly survey of credit conditions, published on 3 April, showed that lenders had reduced the supply of secured credit to households over the three months to mid-March.
Iceland's Fridriksson dismisses stability concerns
In an effort to reassure investors, Ingimundur Fridriksson, a board member at the Central Bank of Iceland, has denied that the country's banks and economy are unstable.
Auction shows massive demand for ECB cash
The European Central Bank's (ECB) first-ever auction of six-month loans was more than four times oversubscribed, indicating the high level of tension in the region's money markets.
Fed's new subprime and alt-A maps
The Federal Reserve System will publish maps updated monthly to illustrate the state of subprime and alt-A mortgage loans across the United States.
FSF to suggest radical solutions to turmoil
The Financial Stability Forum (FSF) is set to propose a series of unorthodox measures for fighting the credit crunch, say media reports.
Kansas City's subprime loan record
Subprime borrowers in the 10th district are having difficulties with payment delinquencies running above the national average, according to a recent report by the Federal Reserve of Kansas City.
"Unscrupulous dealers" attacking Iceland's economy
David Oddsson, the chairman of the board of directors at the Central Bank of Iceland, suspects that "unscrupulous dealers" are trying to bring down the Icelandic financial system by circulating rumours about the country's bank and central government.
ECB to add €150 billion as market rates creep up
The European Central Bank (ECB) is to conduct four extra open market operations in a bid to relieve interbank tensions.
RBA Financial Stability Review
The Australian financial system has coped better with the recent strains than have those of many other countries, notes the latest Financial Stability Report from the Reserve Bank of Australia.
Financial markets in Japan
This new report from the Bank of Japan looks at how financial markets in the country coped with the market turmoil triggered by the subprime woes in the second half of 2007.
Costs rise for dollar loans despite $50bn auction
The Federal Reserve's latest Term Auction Facility operation failed to quell rising interbank tensions as money-market rates for one-month dollar loans climbed on Tuesday 25 March.
Bank's extra cash to stay in system until April
The Bank of England said on Thursday 20 March that it would carry over the emergency £5 billion ($10 billion) injection made on Monday until just before its next rate-setting meeting.
Hong Kong's RTGS passes share-dealing-surge test
Optimisers in Hong Kong's high-value payments system meant it was able to cope with the explosion in initial purchase offers and lively market trading in 2007, Esmond Lee and Sara Yip, two members of the Financial Infrastructure Department at the region…
Overnight rate unchanged despite BoE injection
The Bank of England's attempt to lower sterling short-term interbank borrowing costs by adding £5 billion ($10 billion) to the money markets looks to have failed.
Turmoil set to impact Swiss exporters: SNB's Roth
The financial market turbulence is unlikely to leave Switzerland unscathed, said Jean-Pierre Roth, the chairman of the governing board of the Swiss National Bank.
Fed works over weekend to counter market stress
The Federal Reserve took its fourth emergency action in ten days on Sunday 16 March, cutting the rate at which it offers discount window funds and attempting to boost trading in securitisation markets.
Old Lady adds an extra £5bn
The Bank of England injected £5 billion ($10 billion) into the money markets on Monday 17 March after overnight interbank rates shot up on the back of Bear Stearns's collapse.
Fed credibility at risk, warn commentators
Economic commentators have largely slammed the raft of measures that the Federal Reserve has introduced over the past ten days.
Fed funds Bear Stearns on liquidity fears
The Federal Reserve on Friday 14 March agreed to provide emergency funding to Bear Stearns, a troubled investment bank.
Fed issues new $5 bill
The first of the Federal Reserve's redesigned $5 bills was used to buy a collection of former President Abraham Lincoln's speeches.
Thailand's Nijathaworn on the current turmoil
The unwinding of global imbalances, triggered by corrections in the US housing market that began in 2006, has caused the current global financial turbulence, said Bandid Nijathaworn, a deputy governor of the Bank of Thailand.
Central banks announce second joint effort
The Federal Reserve will accept banks' mortgage-backed securities as part of a raft of liquidity measures announced by five of the world's most powerful monetary authorities on Tuesday 11 March.
Rapid deterioration led Fed to go it alone: Kohn
The deterioration in money markets was so rapid that the Federal Reserve last Friday did not have time to coordinate a joint announcement of liquidity measures with other central banks in the same way as last December and which had such a favourable…