Central Banks
Estonian finance minister 'certainly qualified' for governor role
Chair of the central bank’s supervisory board says Estonian finance minister, Juergen Ligi is "certainly qualified" for the role of governor
EMEs more sensitive to risk premiums: IMF paper
IMF study shows a lower risk premium can reduce inflation in emerging economies
Finland’s Liikanen calls for rethink of open market operations
Bank of Finland governor Erkki Liikanen says Eurosystem central banks should make distinction between assets eligible for open market operations and liquidity requirements
ECB’s Stark warns of low interest rate curse
European Central Bank executive board member Jürgen Stark says central banks should avoid looking at short-term consequences of monetary policy
Qualitative indicators could have spotted crisis: Buba paper
Bundesbank study highlights importance of qualitative risk assessment in banking supervision
Better euro area financial stability governance ‘necessary’: ECB’s Constâncio
European Central Bank vice-president, Vítor Constâncio calls for policymakers to alter their conception of the governance of financial stability in the euro area; wants to see region-wide oversight
SWF legal immunity poses challenge for lawmakers
Panel on sovereign wealth funds says use of foreign immunity in legal disputes could jeopordise independence of funds
Bulgaria attempts to speed up and streamline payments
Addition of third settlement cycle designed to 'speed up and streamline' payments
New member for General Council of the Riksbank
Sven-Erik Österberg replaces Leif Pagrotsky on council that oversees the actions of central bank executive board
Governors among attendees at Bilderberg meet
Finance officials from around the world attend Bilderberg meeting
Bank of Canada highlights importance of research function
Bank of Canada 2010 Annual Report says research function is one of its leading priorities at central bank
BIS’s Hannoun spots conundrum in 'no bailout' line
Bank for International Settlements deputy general manager Hervé Hannoun says aversion to taxpayer-funded bailouts not fully priced in sovereign spreads
Albania’s Fullani urges deepening of capital markets
Bank of Albania governor Ardian Fullani calls for further development of capital markets in Southeast Europe
IMF study assesses Asean 5 bond market performance
Fund paper says Asean 5 bond markets compare well with other emerging markets
IMF assessment highlights China’s frailties in financial system
IMF’s first Financial Sector Assessment Programme in China says country must move towards more liberal financial system
Singapore’s Tai on deepening Islamic capital markets
Monetary Authority of Singapore executive director Tai Boon Leong says wider range of products will help deepen Islamic capital markets
British bankers disagree over ring-fencing
Controversial proposals for reform of UK banking system spark dispute among representatives of ‘big four’ banks; disagree over ring-fencing option
Sovereign spillovers normalised Asian spreads, says IMF study
Fund paper attributes volatility in Asian sovereign debt markets during crisis to sovereign risk spillovers
ECB study measures impact of corridor width on monetary policy
European Central Bank paper shows width of standing facility corridor has significant impact on volatility of short-term interest rate
Philly Fed’s Plosser: weaker growth levels likely, but no cause for QE3
President of Philadelphia Fed sees monetary policy as limited in reviving a US economy hit by a supply shock; says personal hurdle for QE3 “very high”
IMF race: Colombia backs Carstens, Lagarde ‘confident’
IMF leadership campaigns continue; Mexico central bank chief receives Colombia backing, Christine Lagarde is 'confident' following meetings with China
BoE, ECB hold their fire
Bank of England and European Central Bank leave rates unchanged; Trichet speech hints at impending hike