Central Banks
Fund’s DSK on meshing monetary and regulatory tools
Policymakers are looking to academia to help see how macroprudential policy might affect central banks’ independence, IMF managing director Dominique Strauss-Kahn says
Buba posts €2.2 billion profit
Bundesbank says increased risk provisioning responsible in part for dip from 2009 figures
Tokyo nominates ex-IMF economist to BoJ policy board
Japanese government puts forth academic and ex-IMF economist Sayuri Shirai for Bank of Japan policy board, according to wire reports
Sudan’s Hassan quits
Bank of Sudan governor Sabir Mohamed Hassan steps down from helm of central bank after taking decision not to pursue fourth term in office
RBI launches investigation into shadow banks
Reserve Bank of India says non-banks have now become systemically important
BoJ’s Nishimura stresses importance of multiple approach to monetary system
Bank of Japan deputy governor Kiyohiko Nishimura says financial crisis showed one-size-fits-all approach to international monetary system failed
BIS’s Caruana makes distinction in measurement of capital inflows
Bank for International Settlements general manager Jaime Caruana emphases focus on gross rather than net flows to measure capital inflows
Subprime market victim of housing bubble: Philly Fed paper
Philadelphia Federal Reserve study says bubble conditions in the housing market spurred subprime lending
Goldman economist to replace Sentance on Bank’s MPC
Chancellor of the exchequer George Osborne names Goldman Sachs’ Ben Broadbent as new member of Bank of England’s Monetary Policy Committee
Hungary names two external members to MPC
Hungarian parliament nominates two economists as external members to National Bank of Hungary rate-setting committee
Moody’s lowers Greece's credit rating
Greece's credit rating moved from B1 to Ba1 while spreads rise across eurozone periphery
ECB rejects temporary price pressures argument; signals tightening
European Central Bank’s hawkish Thursday announcement shows a different interpretation of commodity price pressures, second-round effects, to Bank of England and Fed
Central bank wage cap backfires on Budapest: reports
Hungarian government could be pushed to amend controversial central bank salary cap as problems mount in finding suitable external rate-setters
Crisis measures assisted financially distressed firms: IMF paper
Fund study says crisis recapitalisation policies helped provide financially dependent firms access to credit
What central bankers can learn from the school of science
It is not only science's methods, but its desire to de-mystify that should be aped, Claire Jones writes
Ex FSA chair quits as head of LSE
Former Financial Services Authority chairman Sir Howard Davies steps down as director of London School of Economics over university’s financial links to Libyan Gaddafi regime
ECB’s González-Páramo calls on central banks to reinvent risk strategies
European Central Bank executive board member José Manuel González-Páramo says central banks must re-think their risk management framework; moots new toolkit
Basel III reduces output volatility: NY Fed paper
New York Federal Reserve study says rise in capital buffers leads to decline in output and output volatility
Canada pressed to develop inflation market
Current issuance of inflation-linked bonds is too meagre to meet demand from domestic and international investors, say market participants
EBA to launch new stress tests
European Banking Authority unveils timeline for second round of EU-wide stress tests with launch set for Friday; first executive director and internal committee named
UK lawmakers launch inquiry into BoE’s accountability
Influential parliamentary committee calls for views on the impact of regulatory change on Bank of England; changes will see Bank’s ambit expanded