Central Banks
FSA’s Turner outlines reforms needed in eurozone
Adair Turner sets out reforms necessary for eurozone stability; calls for creation of euro bonds and greater fiscal integration
Ireland's Elderfield outlines supervisory changes for banks
Central Bank of Ireland deputy governor outlines supervisory changes being implemented for banks; says some of the requirements may be ‘more demanding’ than in other jurisdictions
Bank of Israel visitors centre recognised as heritage site
Society for the Preservation of Israel Heritage Sites names visitors centre a heritage site due to work done on preserving coins and educating the public
Bernanke places onus on US government to act
Bernanke calls on US Congress to act on fiscal policy; growth forecasts upgraded in latest Fed economic projections
UK banks exceed BoE target for £5 note dispensing
Bank of England reveals UK banks surpassed target of 1.2% of ATM dispense being in £5 notes; aim to increase levels of "good quality" notes in circulation
ECB cautious of damaged financial integration in Europe
European Central Bank releases downbeat Financial Integration in Europe report; Mario Draghi backs up message that integration work needs to be restarted
Kashya Hildebrand cleared over currency trading debacle
Auditors find no breach of regulations by former Swiss National Bank governor's wife; formal investigation launched after Philipp Hildebrand resigned
Central Bank of Nigeria embroiled in plagiarism row
Central Bank of Nigeria responds to reports of legal action regarding plagiarism in public addresses given by governor Sanusi; stresses strict ethical standards are adhered to in preparing papers
IMF research discusses 'sub-optimal' nature of non-independent central banks
International Monetary Fund working paper finds the independence of central banks is crucial to the delivery of socially optimum outcomes
Sarb revises growth forecasts upwards for 2012
South African Reserve Bank publishes Financial Stability Review; revises growth estimate upwards
Dombret says role of central banks 'changed fundamentally' by crisis
Deutsche Bundesbank board member discusses changing role of central banks as a result of the financial crisis; says the situation could lead to a new financial instability
Bank of Finland research discusses entrepreneurial optimism
Bank of Finland discussion paper examines optimism levels among entrepreneurs; finds those with more experience and education are less likely to be optimistic
Greek governor renews warnings about euro exit
George Provopoulos repeats warning on the consequences of Greece leaving the eurozone; urges next government to implement reform agenda
Norges Bank promotes two new executive directors
Norwegian central bank announces who will fill the top roles in two of the three new core function departments after June 1
ECB finds eurozone banks not restricting lending
Latest European Central Bank Lending Survey shows steep fall in demand for loans despite thaw in lending conditions
Riksbank unveils winner of new banknote design competition
Winner chosen in Riksbank's design competition for new Swedish banknotes; reverse of notes will feature images of geographic landmarks, including the bridge between Sweden and Denmark
New York Fed researchers investigate shadow-banking regulation
Researchers find “uneven” progress towards stabilising shadow-banking system; gaps found between optimal and actual regulation of the sector
IMF research investigates impact of asset prices on credit growth
IMF working paper examines the impact of asset prices on credit growth; concludes monetary policy should consider the impact of asset price movements
Weidmann cautions against “more of the same” approach to eurozone crisis
Deutsche Bundesbank governor says need for structural reforms must not be obscured by short-term factors
Survey shows tighter credit standards for households in Norway
Norwegian central bank lending survey shows impact of tighter regulatory conditions on household lending; finds credit standards have tightened for households
Malawi president axes central bank governor
Joyce Banda selects chief executive of a telecoms company to head the central bank
IMF discussion note calls for 'bail-ins' for resolution of Sifis
International Monetary Fund discussion note explores the potential for ‘bail-ins’ to resolve problems posed by systemically important financial institutions (Sifis)
Bundesbank research finds 'room for improvement' in Basel approach to tail risk
Deutsche Bundesbank discussion paper finds Basel model dealing with tail risk in the banking sector could be improved