Central Banks
"Hawkish" Riksbank raises repo rate
Riksbank raises repo rate by 25 basis points amid growing inflationary pressures in Sweden; central bank does not alter future repo path to analysts' surprise
BoE urges expansion of Chaps membership
Bank of England executive director of banking services Chris Salmon calls for broader membership of UK large-value payments system
New deputy governor at RBI
Former Reserve Bank of India executive director Harun Rashid Khan assumes new role as deputy governor
Minneapolis Fed’s Kocherlakota urges review of US tax code
Minneapolis Federal Reserve president Narayana Kocherlakota says US lawmakers must reduce incentives by households and financial institutions to overleverage
Brazilian reserve requirements inefficient liquidity tool: Fed paper
Federal Reserve study says reserve requirements failed to provide adequate liquidity provisions in Brazil
Philippines’ Tetangco sworn in for second term
Central Bank of the Philippines governor Amando Tetangco secures 'unprecedented' second six-year term as head of central bank
Ex-Malaysia assistant governor pleads not guilty
Former Bank Negara Malaysia assistant governor pleads not guilty to two counts of bribery
Eurogroup agrees to extend Greek loan
Eurogroup agrees to disbursement of €12 billion tranche for Greece from European Union and IMF; Fund will have final say
Dissenter calls for rate hike: Iceland minutes
Central Bank of Iceland Monetary Policy Committee minutes show one member called for a 25-basis point rate hike
QE2 is classic monetary policy: Fed’s Bullard
St Louis Federal Reserve president James Bullard says effects of quantitative easing too similar to interest rate loosening
Central Bank of Chile – Financial Stability Report (June 2011)
Central Bank of Chile June Financial Stability report identifies vulnerabilities in Chilean financial system
DSK’s future will ultimately be decided in France, not New York
Speculation that the case against the former IMF managing director Dominique Strauss-Kahn may collapse has reignited the debate of a return to French politics
RBNZ: liquidity measures limited crisis damage
Reserve Bank of New Zealand study highlights effectiveness of emergency liquidity measures
Australian banknote makers charged with bribery
Securency and Note Printing Australia face bribery and corruption charges from Australian authorities; Reserve Bank of Australia cleared of any wrongdoing
Weber named UBS chair
Bundesbank former president Axel Weber set to be elected as chair of UBS by bank’s board in 2012
Tucker hints at shifting BoE attitudes and policies
Paul Tucker, deputy governor at the Bank of England hints he might vote to raise interest rates; calls for new “social contract” with banks
Core inflation not best predictor of price movements: Philly Fed paper
Philadelphia Federal Reserve study shows core inflation is not as good a predictor of future inflation as policymakers claim
FSB probes deposit insurance response to crisis
Financial Stability Board launches peer review of deposit insurance systems; highlights cross-border relations and crisis response
Fed extends temporary dollar swap lines again
Canada, UK, Switzerland and ECB prolong arrangements; Japan to decide soon
Eurozone authorities are losing credibility – CNB’s Singer
Credibility is key in crisis resolution and European authorities are failing to achieve, warns Miroslav Singer, the governor of the Czech National bank
BIS sees profits plummet
Annual report shows net profit falls to “more normal” level after record amount last year
Basel Committee will not impose CoCo requirement for Sifis
Basel Committee proposes a staggered common equity capital surcharge for systemically important banks, but steers clear of contingent capital