Reserves
‘Now is the time’ for China to end dependency on dollar, says former official
Former member of the monetary policy committee of the Chinese central bank says China must end dependency on dollar; advises immediate renminbi ‘float’
Last-minute US debt ceiling rise leaves world reeling
Debt ceiling deal will not restore investor confidence immediately; China still looking to diversify reserves away from dollar; credit ratings agencies cautiously affirm top ratings
South Korea follows through on gold purchase plans
South Korea buys $1.24 billion worth of gold; governor said in October 2010 that central bank was considering expanding gold holding
Swiss National Bank posts large loss due to surge in currency
SNB records Sfr10.8 billion ($13.7 billion) loss for the first half of 2011; blames strong appreciation of Swiss franc
Renminbi will not be ready to join SDR in 2015: CentralBanking.com panel
Panellists tell Robert Pringle they believe 2015 will be an important year in the internationalisation of the renminbi; currency will not be included in reweighting of SDR
Central banks are vulnerable to financial risks: Norges Bank paper
Norges Bank study says the current international financial architecture leaves central banks exposed to financial risks
BIS sees profits plummet
Annual report shows net profit falls to “more normal” level after record amount last year
Gold holdings 'useless': CentralBanking.com panellist
Gold holdings are “useless” and a “remnant from the past”, according to Michael Hart, head of FX strategy at Roubini Global Economics
Reserve managers must reconsider strategies: CentralBanking.com panel
Central bank reserve managers must think about diversification to better prepare for future crises, panellists say
HKMC - Annual Report (2010)
Hong Kong Monetary Corporation 2010 Annual Report shows $600 million increase in loans purchased in Hong Kong
Bank reserves do not affect lending levels: NY Fed paper
New York Federal Reserve study says bank lending levels are independent of amount of reserves in banking system
Central bank capital levels: do they matter and what can be done?
The crisis has undoubtedly intensified the debate on negative capital. Martina Horáková investigates
Slovakia falls €515 million into the red
National Bank of Slovakia Annual Report shows a €515 million loss for 2010 due to large write-downs on securities and derivatives
IMF’s Lipsky considers yuan in future SDR
IMF first deputy managing director John Lipsky says renminbi is “serious candidate” for inclusion in special drawing rights
Japan set to up legal reserve to safeguard against losses
Japan applies to increase capital buffer; wants to "maintain its financial soundness"
Kazakhstan may convert some reserves into yuan: reports
Governor of the central bank says he expects the yuan to be “globally recognised as a reserve currency” this year; currency swap deal on the cards
Mexico buys 93 tonnes of gold
Bank of Mexico raises gold holdings by more than 93 tonnes in March; follows trend of other emerging market central banks
Bulgaria ordered capital hikes, report released
Bulgarian National Bank publishes 2010 Annual Report; asked three banks to increase capital
Central banks continue to purchase gold
World Gold Council releases first Gold Investment Digest of 2011; shows central banks are still net buyers of gold in Q1
CIC to receive up to $200 billion in new funds: reports
China Investment Corp to get injection of between $100 billion and $200 billion as Beijing attempts to find home for excess reserves
New York Fed RMBS sales go smoothly
Auctions of AIG legacy portfolio delivering a solid result for the Fed
China agrees $3.83 billion currency swap with New Zealand
People’s Bank of China and Reserve Bank of New Zealand sign $3.83 billion currency swap deal to further facilitate renminbi trade
Brics demand "broad-based" international reserve currency system
Leaders of the five fast-growing emerging economies support reform and improvement of international monetary system; want a stable, reliable and broad-based international reserve currency system
Central bank reserve managers recoil at sovereign risk
Central Banking Publications survey finds fears over sovereign risk led reserve managers to limit or cut exposure to “peripheral” European countries; impact also felt in attitudes towards the euro