Central Banks
SARB’s mandate up for review
Pretoria to mull Reserve Bank’s inflation-targeting framework; central bank holds rates
Brazil rate-setter quits over controversy
Brazilian central bank’s monetary policy director resigns days after revealing rate-setters’ frustration at Lula
Mauritius buys IMF gold
International Monetary Fund sells two tonnes of gold to Bank of Mauritius
Fed’s Kohn rejects bubble claims
Fed deputy acknowledges carry trade but dismisses fears low rates are stoking asset-price bubbles
Oman signs up to new FX, payments system
Central Bank of Oman’s move represents part of a broader trend by emerging-market central banks to refine operational systems
Bank of Spain – Financial Stability Report (November)
Spanish banks are dealing with the bust in different ways, says central bank’s report
A model to analyse stability
Reserve Bank of New Zealand paper details the development of a cobweb model that will be used in its Financial Stability Report
Buba’s Weber: Germany finance held its own
Bundesbank’s Axel Weber says Germany’s financial sector coped well with the crisis overall
Solomon Islands needs new sources of growth: Rarawa
Central Bank of the Solomon Islands’ Denton Rarawa says the country is too dependent on the logging industry
Shirakawa cautions on carry trade
Bank of Japan’s governor becomes latest official to warn on dangers of low rates in advanced economies; notes balance-sheet adjustments will impact efficacy of monetary policy
UK regulator to be allowed to “tear up” bankers’ contracts
Britain’s financial regulator will have its powers increased, allowing it to punish errant banks and bankers for excessive risk-taking
Bank’s Tucker details root-and-branch reform proposals
Bank of England’s Paul Tucker outlines reforms necessary to curb systemic risk build-up
US policy threatens emerging markets: China’s top regulator
Chairman of China’s regulator says weak dollar and low rates are dangerous to the global economy; echoes recent comments from top Japan, HK officials
NY Fed’s Dudley on improving tri-party repos
New York Federal Reserve’s William Dudley says Fed wants to make tri-party repo system more stable
Israelis’ assets back to pre-crisis levels
Bank of Israel publishes new figures detailing the public’s financial assets portfolio
India announces payments overhaul
Root-and-branch reform will see Reserve Bank of India investigate the introduction of a new RTGS system, a domestic card initiative and mobile payments settlement
HK’s Tsang fears the Fed
Hong Kong’s chief executive says Federal Reserve is stoking next bubble through near-zero interest rates
Monetary policy impacts effect of fiscal aid
Kansas City Federal Reserve studies the interactions between monetary and fiscal policy
Gold standard did Scandinavia good
Norges Bank examines monetary policy and inflation dynamic of the Scandinavian Currency Union
Canada’s Longworth set to leave
Bank of Canada’s David Longworth announces retirement two weeks after senior deputy Paul Jenkins