Financial Stability
Turmoil caused by lethal cocktail: Buba's Weber
Axel Weber, the president of the Bundesbank, blamed the credit crunch on a cocktail of events.
City bankers set for stability role
A team of City of London bankers could support the Bank of England's efforts to foster financial stability, Alistair Darling, the chancellor, said Thursday.
Moral hazard talk reveals Fed divide
Comments from regional Federal Reserve presidents have underlined a Federal Open Market Committee (FOMC) split over the central bank's support of Wall Street, particularly its bailout of Bear Stearns.
Riksbank's Nyberg on the pros of card payments
Lars Nyberg, a deputy governor of the Riksbank, has urged Swedish consumers to pay for goods with cards rather than cash.
Lower loan costs to stem foreclosures: Boston Fed
Making mortgage payments temporarily affordable for Americans with negative housing equity is the best way to prevent foreclosure, research published by the Boston Fed finds.
Payment systems need more competition: RBA
The Reserve Bank of Australia remains concerned about the competitiveness of the country's payments system, despite improvements, said Philip Lowe, the assistant governor responsible for the financial system at the central bank.
Central bankers want action on contagion threat
An influential group of central bankers has urged authorities and the payments industry to tackle the risks presented by the links between systems.
NY Fed analyses large-value payments trends
The evolution of central bank policies is one of the main forces behind changes in large-value payment systems, research published by the New York Federal Reserve finds.
Boston Fed's subprime facts
The Boston Federal Reserve's research into subprime mortgages has so far uncovered seven facts relating to the crisis.
Turbulence hits Norwegian banks
Norwegian banks face tougher conditions as a result of the considerable turbulence in global money and credit markets, the country's central bank noted in its latest Financial Stability Review.
Finland to showcase 100 kilo gold coin
The Bank of Finland's museum is to display the world's largest gold coin for one day only.
Keep a closer eye on money markets: Fed's Kohn
The recent financial market turmoil has shown that greater attention should be paid to money markets, Donald Kohn, the vice-chairman of the Federal Reserve, says.
Restrict money issuance to foster stability
Pouring central bank money into Latin American financial systems in times of uncertainty fails to promote economic stability, research published by the International Monetary Fund states.
Incentives the root cause of the crunch
Perverse incentives were the major cause of the current turmoil and changing those incentives will be the solution, an article published by the International Monetary Fund notes.
CLS adds peso and shekel to settlement fold
CLS bank announced that it will settle payment instructions in the Mexican peso and Israeli shekel this week, bringing the number of currencies processed by the bank to 17.
Netherlands to probe effect of bankers' pay
The Netherlands Bank is to scrutinise the impact of bankers' bonuses on risk taking, the governor of the institution has said.
Greenspan cautions on bursting bubbles
Alan Greenspan has defended one of the central tenets of his tenure at the helm of the Federal Reserve, warning that combating asset price bubbles could stunt innovation and growth.
RBA suggests settlement system improvements
The Reserve Bank of Australia has unveiled a series of recommendations aimed at improving the settlement process of, and broader market functioning for, Australian equities.
Spreads a poor gauge of crisis: Canada's Carney
Existing measures of interbank spreads are an unreliable way of measuring the effectiveness of central bank intervention in alleviating money-market tensions, said Mark Carney, the governor of the Bank of Canada.
De La Rue could sell cash systems division
De La Rue, the biggest private printer of banknotes, is considering the sale of some of its cash systems division.
Settlement system links present risks
Connections between two of Canada's main settlements systems present a threat to efficiency, research by the country's central bank finds.
Central banks key to South Asian payment systems
Central banks must spark the development of South Asian payment systems, said Ranee Jayamaha, the deputy governor of the Central Bank of Sri Lanka.
IMF's Lipsky cautious on recent bout of calm
John Lipsky, the first deputy managing director of the International Monetary Fund, refused to call the end of the global turmoil in a speech on Tuesday.
RBA appoints new assistant governor
The Reserve Bank of Australia has promoted Keith Hall to the position of assistant governor responsible for banking and payments.