Financial Stability
PBOC sees risks if dollar slides
The People's Bank of China said in a report published Thursday 7 December that it is concerned over a possible slide in the US dollar if there is a widespread move to sell off dollar assets.
Spain's Ordoez on financial integration in Europe
In the speech 'Financial integration and stability in Europe' given on 3 December Miguel Fernandez Ordoez of the Bank of Spain said supervisors face a double challenge in the face of increased EU integration.
ECB's Gonzalez-Paramo on the ageing problem
In the speech 'The ageing problem: its impact on financial markets and possible policy responses' given on 1 December Jose Manuel Gonzalez-Paramo of the ECB said the ECB has repeatedly called on governments to implement comprehensive reforms in public…
Tumpel-Gugerell on financial integration
In the speech 'Financial integration and stability in Europe' given on 1 December Gertrude Tumpel-Gugerell of the ECB said effective and efficient banking supervision is essential, both to promote financial integration and to safeguard financial…
Norges Bank Financial Stability Report No.2, 2006
The central bank of Norway, Norges Bank, published its twice yearly Financial Stability Report for 2/2006 on 5 December. Overall, the outlook for financial stability is considered to be satisfactory, according to the report.
Sveriges Riksbank, Financial Stability Report 2:06
Sweden's central bank, the Sveriges Riksbank, published its second Financial Stability Report for 2006 on 5 December. At present the Riksbank sees no serious threats to financial stability, according to the report.
Nigeria to get more efficient payment system
The Central Bank of Nigeria (CBN) is to implement a robust and more efficient payment system in the country, the official News Agency of Nigeria reported on Monday 4 December.
Turkey's Yilmaz: Economic crisis out of question
"The current account deficit which has been rising due to high economic growth should be monitored closely," Turkish central bank Governor Durmus Yilmaz has indicated at a news conference Monday 4 December.
ECB's Tumpel-Gugerell on TARGET2-Securities
In the speech 'TARGET2-Securities: from vision to reality. The Eurosystem's contribution to an integrated securities market' given on 30 November Gertrude Tumpel-Gugerell of the ECB invited national central securities depositaries (CSDs) to discuss the…
RBNZ runs out of coins in Xmas lead up
Just five weeks after phasing out the old coins, the Reserve Bank of New Zealand has now written to the country's retail banks warning them there will be a shortage of the new 20 cent pieces in the lead up to the busy Christmas period.
Riksbank's Nyberg on hedge fund regulation
From a welfare perspective, the advantages of hedge funds' operations exceed the risks, said Lars Nyberg, a deputy governor of Sweden's central bank, in a recent speech.
Bundesbank FSR sees growth at 2.5%
The Bundesbank's latest Financial Stability Review notes that a 2.5% increase in the country's GDP growth this year is "a realistic prospect."
The systemic importance of payments systems
Central banks are increasingly aware of the importance of payments systems to the maintenance of financial stability, the authors of this working paper find.
New payments data from CPSS
The Committee on Payment and Settlement Systems published their annual statistical update of data on payments and payment systems for 2005.
BoK chief on financial supervision
In this speech, the governor of the Bank of Korea, Seong-tae Lee, suggests that financial reforms and stricter supervision standards ensured that the damage from the 2003 credit card crisis was minimal.
Fiji ponders remittances' effects
The governor of the Reserve Bank of Fiji, Savenaca Narube, suggested that the central bank would like to see remittances channelled towards investment projects and other "productive purposes".
SWIFT broke laws - EU committee
SWIFT, an international financial data transfer agency, breached European data privacy laws in handing over personal data to American investigators, according to a report by a European Union committee.
Europe's new large-value payment system on target
Europe's new large-value payment system is on schedule to go live in 2007 says the European Central Bank in its third annual report on TARGET2.
Pursuing financial stability - RBI speech
In the speech 'Central Banks and Risk Management: Pursuing Financial Stability' given on 21 November, Rakesh Mohan, deputy governor of the Reserve Bank of India discusses various aspects of central banks' role in the pursuit of financial stability.
Buba's Fabritius on the new TARGET2 system
In the speech 'The new TARGET2 system and recent developments in European securities settlement' given on 15 November Hans Georg Fabritius of the Bundesbank said we will only be able to realise TARGET2 Securities with the active involvement and…
Mboweni on the National Payments System in SA
In a speech given on 15 November Tito Mboweni of the South African Reserve Bank said collaboration between the Bank and the banking industry has resulted in the South African Payment System being recognised as an example or model for development…
ECB wants more clarity on Sepa for cards
The European Central Bank said Monday 20 November it has laid down a new set of objectives for payment card schemes to achieve in order to become Sepa-compliant, amid concerns that current provisions would lead to higher prices and a deterioration in…
Poole on responding to financial crises
In the speech 'Responding to financial crises: What role for the Fed?' given on 16 November William Poole of the Federal Reserve Bank of St. Louis said the Fed should play as limited a role as possible in a financial market crisis and took aim at Fannie…
Gieve: Preparing for cross-border financial crisis
In the speech 'Practical issues in preparing for cross-border financial crises' given on 13 November Sir John Gieve of the Bank of England said central banks and regulators around the world need to rehearse dealing with a financial crisis in order to…