Financial Stability
What to look for in Tarp II
Tim Geithner, the US Secretary of the Treasury, has delayed unveiling the plans for the next steps in administration's financial bailout programme until Tuesday. Here is a summary of the new steps that could be announced tomorrow.
Embattled Oddsson goes on the offensive
David Oddsson, the under-fire chairman of the board of governors at the Central Bank of Iceland, hit back at a letter sent last week by the prime minister calling for him to resign.
Swedish seigniorage hits five-year high
The Riksbank has offered to pay SEK5.9 billion ($737m) of its profits to the national treasury for the financial year 2008, Sweden's central bank said on Monday.
Strauss-Kahn: Fund needs more resources
The International Monetary Fund (IMF) needs more resources to address current global challenges, said Dominique Strauss-Kahn, the managing director of the Fund.
Take fast and broad actions - Norges's Gjedrem
Prompt and extensive write-downs of bad assets and recapitalisation of banks limited the downturn in Nordic economies in mid-1990s, said Svein Gjedrem, the governor of the Norges Bank.
FSA: economy and financial system risk related
The latest Financial Risk Outlook by the Financial Services Authority's (FSA) in Britain analyses how macroeconomic and financial system risks have become more closely interconnected.
Old Lady to begin buying commercial paper mid-Feb
The Bank of England's commercial paper facility will become operational on 19 February, the Bank said on Friday.
Ferguson, Feldstein join Volcker recovery panel
Martin Feldstein, a Harvard professor; Roger Ferguson, a former vice chairman at the Federal Reserve, and William Donaldson, a former SEC chairman, will join the economic recovery panel headed by Paul Volcker, a former chairman of the Fed.
Italy investigates retail payments trends
The Bank of Italy is surveying the outsourcing of technological services associated with the provision of electronic retail payment services.
Tarp assets too dear
The head of a watchdog charged with overseeing the use of funds allocated to the Troubled Asset Relief Program (Tarp) said on Thursday that the Treasury was overpaying for its investments in banks.
Italy's Draghi - standardisation needed
A move towards the standardisation of financial products in the future is unavoidable, said Mario Draghi, the governor of the Bank of Italy.
UK edges towards bad-bank solution
Britain is considering adopting the bad bank model to buy toxic assets a little over a fortnight after London announced plans to guarantee banks' bad debt.
Riksbank upgrades payments system
The Riksbank is to move to a new technology system and platform for RIX, the central bank's funds transfer system.
France's Noyer: keep your supervisors close
This crisis has showed the merits of having the banking supervisors close to the central bank, said Christian Noyer, the governor of Banque de France.
Social role of banks must change: UK's McFall
John McFall, the head of Britain's influential Treasury Committee, on why finance-industry pay must be curbed, some of the country's biggest banks nationalised and lessons can be learned from abroad
Report cautions on dangers of free capital flows
Dogmatic adherence to the doctrine of free capital flows is misguided and potentially dangerous, a new study from the Committee on the Global Financial System, a collective of central bankers from across the globe, warns.
Crisis demands a common voice: UK's McFall
John McFall, the chairman of Britain's Treasury Committee, tells CentralBankNews.com why the financial crisis means central bankers will have to change the way they speak.
Zimbabwe lops zeros off currency, again
The Reserve Bank of Zimbabwe has chopped 12 zeroes off the Zimbabwean dollar in its latest attempt to curb hyperinflation.
Financial regulation: a macro analysis
A report from the Centre for Economic Policy Research applies macroeconomic analysis to the design of financial regulation.
NZ's Bollard: banks need more capital
Financial institutions need more capital if the global financial system is to get back on track, said Alan Bollard, the governor of the Reserve Bank of New Zealand.
Sepa implementation: an overview
A new publication from the Bank of Italy gives an up-to-date overview of the Single Euro Payments Area (Sepa) implementation process.
Harare abandons Zim dollar for foreign currencies
The Zimbabwean government has said that it will allow businesses to accept multiple currencies alongside the effectively worthless Zimbabwean dollar.
Economists' forum launches crisis blog
VoxEU.org, an online forum set up by the Centre for Economic Policy Research, has launched a blog on the global financial crisis.