Financial Stability
NY Fed to host credit derivatives powwow
The Federal Reserve Bank of New York is to hold a meeting with major banks to discuss issues in the credit derivatives market in September.
Bank of England to cut financial stability staff
The Bank of England is planning to restructure the division which monitors financial stability, according to a report in the Daily Telegraph. The move could see the elimination of about 20 of the 150 jobs in the department.
National Bank of Ukraine berates banks
The National Bank of Ukraine has issued a strongly worded warning against to domestic banks engaging in "improper conduct" in foreign exchange markets.
Australia grants access to Visa Debit System
Australia's Payment System Board, which makes payment system regulation and is chaired by Ian Macfarlane, the RBA's governor, decided to impose an access regime on the Visa Debit System in Australia.
NY Fed conference on The Economics of Payments II
The Federal Reserve Bank of New York published on Thursday 18 August a call for papers for a conference on "The Economics of Payments II," being held from 29-30 March 2006.
Iran and Bahrain link ATM systems
The Iranian ATM system has been connected to that of Bahrain, allowing the customers of Bahraini banks to use the ATM machines in Iran and vice versa.
Serb central bank upbeat on IMF warning
Radovan Jelasic, governor of Serbia's central bank, predicted on Tuesday 16 August that the government would react positively to warnings from the International Monetary Fund that its loan arrangement was in jeopardy.
Sovereign asset and debt management
The following is an executive summary of the proceedings of Central Banking’s conference, “Sovereign Asset and Debt Management”, held in London on June 20-21.
Unfinished business on sovereign debt
Contractual innovations have solved some of the problems in restructuring sovereign debt, but others remain – notably the role of the IMF. Report by Paul Brione.
Interview: Martín Redrado
A re-equipped central bank is able to tackle mounting inflationary pressures in Argentina as the economy prospers, explains the central bank’s president.
Learning to live with IFRS
How central banks are facing up to – or ducking – their obligation to implement international accounting standards
Towards a new Plaza Accord?
The explosive growth in Asian reserves puts a premium on international action to redress global imbalances. By Jean-Jacques Rey.
China’s currency conundrum
China’s exchange rate reform does not solve the problems facing international policymakers says David Hale.
Time for the ECB to intervene
Charles Goodhart makes the case for Europe’s central bank to sell the euro.
China will hold down the Rmb
This comment is contributed by Steve Hanke, professor of economics at Johns Hopkins University.
China’s reform of its banking system
Li Ruogu highlights four key areas where China has looked to strengthen its burgeoning banking sector.
Last through the door?
Bulgaria, Croatia and Romania may be the last countries to join the EU, and they are taking very different paths to the euro. Nick Carver reports.
Dear Jean-Claude...
Changing the way the ECB works would improve its image and make your job easier, writes Charles Goodhart in an open letter to the ECB’s president.
RBNZ's Bollard on the New Zealand payment system
In the speech 'New Zealand payment system' given on 11 August Alan Bollard of the Reserve Bank of New Zealand said the RBNZ is making protection of New Zealand's $41 billion-a-day payments system its leading priority.
ECB 'Blue Book' on payment and settlement systems
The European Central Bank published the latest addendum to the June 2001 report entitled "Payment and securities settlement systems in the European Union" (third edition) on Tuesday.
ECB paper on large-value payment systems
The ECB Working Paper "Incorporating a 'public good factor' into the pricing of large-value payment systems" considers optimal pricing rules for a public large-value payment system (LVPS) that produces a public good (like prevention of systemic risk) but…
Sweden's central bank signs for RTGS system
Sweden's central bank Sveriges Riksbank has contracted with Italian IT provider Societa Interbancaria per l'Automazione (SIA) for the delivery and implementation of a real time gross settlement (RTGS) system.
ECB sued over euro note security
A company that specialises in anti-counterfeiting technology filed a lawsuit against the European Central Bank on Monday 1 August claiming the euro common currency infringes on a patent issued in 1999.