Reserves
Fed's Bies on risk management
In a speech on 'Using Enterprise-wide Risk Management to Effectively Execute Business Strategies' given on 16 July, Susan Schmidt Bies of the Federal Reserve said credit cards and bank overdraft protection are drawing the attention of regulators because…
Court hears BCCI claims 'implausible'
Lawyers for the Bank of England said on Monday 19 July that allegations that 22 of its officials acted with dishonesty when they allowed Bank of Credit and Commerce International SA to operate in the UK are "fundamentally implausible."
Hildebrand on the new investment policy of the SNB
In a speech on 'The new investment policy of the Swiss National Bank' given on 17, June Philipp Hildebrand of the Swiss National Bank said the management of the monetary reserves has gained in importance. The National Bank Act requires the National Bank…
UK's Brown urges gold revaluation for debt relief
Gordon Brown, the UK Chancellor of the Exchequer, on Friday 9 July called on the International Monetary Fund to revalue its gold reserves as a method of releasing more money for debt relief for the world's poorest countries.
NY Fed's Geithner on risk management
In a speech on 'The changing face of risk management' given on 9 June, Timothy Geithner of the New York Fed said U.S. financial markets are well prepared for a gradual rise in official interest rates and should not be stressed when the Federal Reserve…
Russian gold, forex reserves climb 3.57% in May
Russia's gold and foreign currency reserves increased by 3.57%, or $2.95 billion, in May, to $85.61 billion from $82.66 billion, the Central Bank of Russia reported.
Caruana on risk management trends
In a speech on 'Risk management trends & the supervisory structure' given on 27 May, Jaime Caruana of the Bank of Spain said there is a need for risk management and supervision to evolve together and to reinforce each other. Both areas must keep pace…
Risk Management for Central Bank Foreign Reserves
The European Central Bank released a publication entitled "Risk Management for Central Bank Foreign Reserves" on 26 May. The publication gathers contributions by academics and practitioners on the role risk management plays in the management of central…
Russia's Ignatyev upbeat on inflation, currency
Russia has a good chance it can meet its inflation and foreign exchange targets despite rising oil prices and its budget situation, Russian Central Bank Governor Sergei Ignatyev said on Wednesday 26 May.
PBOC chief calls for risk exchange to price NPLs
China's central bank chief, Zhou Xiaochuan, is urging the establishment of a risk exchange market that would price banks' nonperforming loans and allow for their sale to entities willing to assume risk in exchange for the opportunity of high profits.
Central bank holdings of US debt at new high
Foreign central banks increased their holdings of U.S. debt in the last week, the Federal Reserve reported on Thursday 20 May, taking their total holdings to yet another record.
Saudi Arabia scraps euro foreign reserves policy
Saudi Arabia has abandoned its policy of diversifying foreign reserves into euros, deeming the eurozone unfit to manage a major world reserve currency.
China must be careful over forex rate- Premier Wen
China must be careful before changing its fixed exchange rate because any rash change could mean trouble for the economy and that of the rest of the world, Premier Wen Jiabao said in an interview on Wednesday 28 April.
Report says Armenia offloads its gold reserves
The Central Bank of Armenia has sold the country's gold reserves of about 1.4 tonnes, a report said quoting the Bank.
Noyer says France open to gold sale
Bank of France governor Christian Noyer said in an interview published on Wednesday 14 April that he was open to selling some of France's gold but that the receipts would not go directly to the state.
Greenspan to appear before Senate panel Apr 20
Federal Reserve Chairman Alan Greenspan is due to testify on the state of the U.S. banking industry before the Senate Banking Committee on April 20, a panel aide said on Wednesday 14 April.
France 'just thinking' about gold sales
The French finance ministry said on Tuesday 13 April that it was just thinking about using some of the country's gold for future investments or to reduce debt, after press reports said talks could begin this week with the Bank of France.
PBOC: China to make yuan fully convertible
China will make the yuan fully convertible, People's Bank of China governor Zhou Xiaochuan said.
RBNZ foreign exchange intervention principles
The Reserve Bank of New Zealand on 30 March released a letter from the Bank to the Minister of Finance outlining how it intends to undertake foreign exchange market interventions.
Foreign reserves hit record high in South Korea
South Korea's foreign currency reserves hit a record high of 163.56 billion dollars at the end of March, according to the Bank of Korea.
IMF and WB to play part in Iraqi debt settlement
Russian Finance Minister Alexey Kudrin said on Friday 2 April that the issue of Iraqi debt settlement will be solved together with the World Bank and the International Monetary Fund (IMF).
Brazil doesn't plan to renew IMF accord, Meirelles
The Brazilian government doesn't plan to renew a $14.8 billion loan accord with the International Monetary Fund that expires this year, as it is accumulating foreign reserves, central bank president Henrique Meirelles said.
BSP raises $500M from foreign banks
The Philippine central bank said on Wednesday 31 March that it has raised 500 million dollars in financing from a syndicate of eight foreign banks.
Venezuela central bank against reserves plan
Venezuela's central bank has again repeated its opposition to President Hugo Chavez's plan to deprive the bank of its autonomy and take $7 billion of international reserves to fund projects and social programs.