Central Banks
Basel Committee unveils final proposals on pay
Basel Committee on Banking Supervision reveals risk-adjusted remuneration report; urges large firms to move away from remunerating employees based purely on their profits
Frank’s FOMC attack offers further evidence of the politicisation of Fed policy
Attempts to rescind regional Fed presidents’ voting rights as members of the Federal Open Market Committee manifest an unfortunate trend in US monetary policy, Thomas F. Cargill believes.
IMF re-examines link between exchange and inflation rates
IMF examines link between nominal exchange rate and inflation
Watch out for policy spillovers: Subbarao
Reserve Bank of India governor warns that process of globalisation can cause unexpected policy spillover damage
New model for assessing underlying inflationary pressure: Canada
Discussion paper calls for exclusion of components with “exceptionally large price changes” when assessing underlying inflationary pressures
Rebalancing of global economic policy urged: ECB’s Stark
Stark calls for “a fundamental change in economic mindset across the global economy”
Funding pressures influencing rate votes: BoE’s King
Bank of England governor Mervyn King notes gap between rates and funding costs “enormous”; says “big picture not changed much”
Japan set to up legal reserve to safeguard against losses
Japan applies to increase capital buffer; wants to "maintain its financial soundness"
Draghi secures German backing for ECB presidency
Angela Merkel offers support for Mario Draghi to become the next president of the European Central Bank; says he is “interesting” and “experienced”
China and US could 'step up' cooperation
Zhou Xiaochuan believes increased cooperation between China and the US on financial reform and regulation is possible
India should have monetary policy committee: Subbarao
Reserve Bank of India governor calls for full “legally-backed” autonomy for the central bank; necessary for the establishment of a monetary policy committee
SNB’s Hildebrand unconvinced on need for global safety net
Swiss National Bank chairman cites three reasons why global mechanism for liquidity provision may not be necessary
Fed’s Duke on the wonders of virtual collaboration
Federal Reserve’s Elizabeth Duke on how Fed is using the web to reach out to the public
Don’t hand over reins to markets: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi sets out four reasons why sovereigns’ fates should not be left in the hands of markets
BoE’s Haldane calls for policy action on short-termism
Bank of England’s Andrew Haldane says public policy intervention may be needed to correct capital market myopia
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
Bair to leave FDIC in July
Federal Deposit Insurance Corporation chair Sheila Bair set to depart in the summer after five years at the helm