Financial Stability
Interview with SWIFT's Campos
In this recent interview with The Asian Banker, Lazaro Campos, head of the banking industry division at SWIFT says that SWIFT will become part of the domestic securities world before it picks up in payments.
China's Yu says coordinate foreign reserve policy
Yu Yongding, a former adviser to the People's Bank of China, said on Friday 26 January that officials should coordinate foreign reserve policy with other Asian central banks to prevent volatility in currency markets.
IMF's Rato on meeting global economic challenges
In the speech 'Meeting global economic challenges: How Europe can support a multilateral approach' given on 17 January Rodrigo de Rato of the IMF said financial globalization has made possible the financing of global economic imbalances on a scale…
General principles for intl remittance services
The Committee on Payment and Settlement Systems (CPSS) and the World Bank issued a report Tuesday 23 January which provides an analysis of the payment system aspects of remittances, to assist countries that are seeking to improve the market for…
RBNZ's Spencer to switch to financial stability
Reserve Bank of New Zealand governor Alan Bollard announced Tuesday 23 January that assistant governor, head of economics, Grant Spencer, will move to become head of financial stability.
Ministers concerned over settlement plan - report
European finance ministers have raised doubts about the European Central Bank's plan to provide its own settlement system for eurozone securities transactions, the Financial Times reported Monday 22 January.
Bini Smaghi on global capital & monetary policies
In the speech 'Global capital and national monetary policies' given on 18 January Lorenzo Bini Smaghi of the ECB said central banks must be careful not to overreact to declines in real bond yields, which may reflect special factors related to…
Riksbank names new head of financial stability
At its meeting on Tuesday 16 January, the Executive Board of the Swedish Riksbank appointed Mattias Persson the new head of the Financial Stability Department.
ECB says pan-euro settlement system to cut costs
The European Central Bank said Tuesday 16 January it believes the implementation of an integrated securities settlement system in the euro zone could cut settlement costs by up to 90%.
HKMA says real-time bond system ready 5-6 weeks
The real-time settlement system for yuan-denominated bond issues in Hong Kong will be ready in 5-6 weeks, HKMA chief executive Joseph Yam said in Beijing Tuesday 16 January.
ECB says Slovenia's euro switch successful
Two weeks after the introduction of the euro banknotes and coins, the cash changeover in Slovenia has been successfully finalised in accordance with the plans, the European Central Bank said Tuesday 16 January.
EPCA conference scheduled for May
The 6th International European Payments Consulting Association (EPCA) Conference will be held in Frankfurt on 15 and 16 May 2007. This year's theme is 'Reshaping the European payment landscape: the realistic scenarios'.
Fed's Bies on enterprise risk management
In the speech 'Enterprise risk management and mortgage lending' given on 11 January Susan Schmidt Bies of the Federal Reserve said looser underwriting standards were partly responsible for recent rises in late mortgage payments and that lenders should…
ECB says 265,000 counterfeit euro notes detected
The European Central Bank said Friday 12 January a total of 265,000 counterfeit euro banknotes were removed from circulation during the second half of last year.
IMF paper on financial stability
The IMF Working Paper "Economic integration and financial stability: A European perspective" assesses changes in synchronization of real activity and financial market integration in Western Europe and evaluates their implications for financial stability.
Kansas Fed's update to ATM and debit card guide
The Federal Reserve Bank of Kansas City published the 2006 update to "A Guide to the ATM and Debit Card Industry" on 8 January. The three years since the original book was published have been a very dynamic time in the industry with a number of important…
China considering economic super agency
China's state media reported Tuesday 9 January the country will mull a new financial super inter-agency to manage its five trillion dollars held in the nation's various state-run financial institutions.
Wall Street Systems announce new derivatives deal
Wall Street Systems, a provider of global treasury, trading and settlement services, has announced a new partnership with NumeriX, provider of cross-asset derivatives pricing and valuation software.
Adrian Orr to leave RBNZ
Reserve Bank of New Zealand deputy governor and head of financial stability Adrian Orr is leaving the Bank to take up the role of Chief Executive of the Guardians of the New Zealand Superannuation Fund, the RBNZ said Monday 8 January.
China to launch SHIBOR to develop benchmark rate
China will launch the Shanghai Interbank Offer Rate (SHIBOR) from Thursday 4 January, in a move to develop a benchmark rate for the interbank market, the People's Bank of China said.
A huge blow to Thailand's financial credibility
According to this article from The Nation, published Friday 22 December, the Bank of Thailand and Finance Ministry have shot themselves in the foot this week.
ECB's Tumpel-Gugerell on TARGET2-Securities
In the speech 'TARGET2-Securities meeting with market participants' given on 18 December Gertrude Tumpel-Gugerell of the ECB said safe and efficient clearing and settlement systems are essential for the overall functioning of the financial market and for…
Central banks sign MoU on financial crises
An agreement entitled "Memorandum of Understanding on Management of a financial crisis in banks with cross-border subsidiaries or branches" was signed in Stockholm Monday 18 December by the central banks of Sweden, Estonia, Latvia and Lithuania.
Ireland's Hurley on SEPA and NPIP
In the speech 'The challenges ahead - SEPA and NPIP' given on 12 December John Hurley of the Central Bank and Financial Services Authority of Ireland said the SEPA project aims to ensure that all consumers throughout the euro area will have available to…