Financial Stability
BoE: the worst is over
Financial conditions are set to improve in the coming months as investors recognise that prices in credit markets now overestimate risk, the Bank of England said on Thursday.
Give Canadian CB more say on collateral: Carney
Mark Carney, the governor of the Bank of Canada, urged lawmakers to allow the central bank to broaden its list of eligible collateral to alleviate money-market tensions.
Stop storing coins, says Solomon Islands CB
The Central Bank of the Solomon Islands has called on citizens to swap their coins for notes rather than hoarding them - a practice which has led to a shortage.
Securitisation linked with lending standards fall
Lending standards in the subprime mortgage market declined more in areas with higher mortgage securitisation rates, reports a new International Monetary Fund paper.
ECB's Papademos on financial integration
Financial integration is highly relevant to the Eurosystem's role in safeguarding financial stability, said Lucas Papademos, the vice president of the European Central Bank (ECB).
Thailand's Watanagase on the role of the IMF
The development of crisis prevention instruments by the International Monetary Fund (IMF) is critical and should be given priority, said Tarisa Watanagase, the governor of the Bank of Thailand.
Hurley praises Ireland's financial oversight
The level of co-operation between central bankers and regulators in Ireland proves very useful in managing financial crises, said John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland.
UK counterfeit seizures fall for 3rd straight year
The number of counterfeit banknotes in circulation confiscated by the British authorities plummeted by almost a quarter last year. The total face value of counterfeit notes found also fell by a similar degree.
ECB's TARGET Annual Report 2007
In 2007, use of TARGET, a large-value payment system in the euro area, surged in terms of both volume and value of transactions business, the annual report on the system states.
San Francisco's Rudebusch on future of regulation
In this Fed Review, published by the Federal Reserve Bank of San Francisco, Glenn Rudebusch, a senior vice president at the central bank, discusses recent initiatives by the Fed to promote liquidity and tackle ongoing problem in credit markets.
SARB - Financial Stability Review March 2008
Despite strong economic growth, Africa still faces a number of downside risks that could impact negatively on financial stability, the South African Reserve Bank states in its latest Financial Stability Review, published on Thursday.
BoE's Jenkinson on liquidity risk
Developments in financial markets have increased the importance and complexity of liquidity risk management over the past decade, said Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England.
Papua New Guinea issues new notes for anniversary
The Bank of Papua New Guinea has introduced two new polymer banknotes to commemorate 33 years of the Kina and Toea currencies.
Research uncovers predictors of financial stress
A combination of credit and asset price variables can serve to predict financial stress, research published by the Bank of Canada finds.
Three signs of financial vulnerability
New research published by the International Monetary Fund has highlighted three factors which can exacerbate emerging and developing economies' vulnerability to financial crises.
BoE brokers MBS swap to ease tensions
The Bank of England will swap mortgage-backed securities for government bonds in a move which the Bank expects to generate £50 billion ($100 billion) worth of borrowing.
RBA oultines changes for payment system
The Reserve Bank of Australia has announced a raft of recommendations for the country's payments systems industry aimed at enhancing competition.
Old Lady could relax collateral rules
The Bank of England may swap mortgage-backed securities for government bonds to ease tensions in sterling money markets.
Former NY Fed chief to author report on crunch
Gerry Corrigan, a former head of the New York Federal Reserve now a managing director at Goldman Sachs, an investment bank, is to lead a study on the current turmoil.
Term Auction Facility has done little to help
The Term Auction Facility operation, introduced in December to temper money-market tensions, has failed to narrow interbank spreads, a research paper co-authored by John Taylor, the creator of the influential Taylor rule on monetary policy, finds.
Crisis underlines importance of liquidity
The current credit crunch has shown how essential liquidity is to both markets and institutions, Glenn Stevens, the governor of the Reserve Bank of Australia, noted.
Private sector must revive its central role
US credit markets will only begin to recover once the private sector reclaims its role in providing liquidity from the Federal Reserve, Kevin Warsh, a governor at the central bank, predicted.
Israel puts plastic notes into circulation
The Bank of Israel on Sunday introduced its first polymer banknote.
BoE on how to reduce systemic risk
The Bank of England has published a paper looking at how the structure of financial systems affects systemic risk.