Central Banks
UN agency calls for global monetary reform
UNCTAD says capital controls needed to curb financial excess, dollar’s role as global reserve currency “increasingly challenged”
Greenspan blames “human nature” for crunch
Former Federal Reserve chairman Alan Greenspan sceptical that another crisis can be avoided until humans learn to accept cyclical nature of capitalism
Card payments continue to soar
Latest World Payments Report sees non-cash payments growing to 250 billion
Triple A ratings safe for now
Moody’s says Aaa countries have stable outlooks
Banks agree to expand central clearing for derivatives
Fifteen banks commit to more central clearing for certain derivatives in bid to fix industry’s tarnished reputation
Gold prices breach $1,000
First time metal rises above $1,000 per ounce since February
Crisis set to change inflation targeting: CentralBanking.com subscribers
CentralBanking.com snapshot shows most think inflation targeting will change. Almost a third believe crisis marks end of framework
Banque de France review offers regulatory preview
Report features contributions from Jaime Caruana, Claudio Borio, Sheila Bair and Nout Wellink
ECB’s Stark on preserving price stability
European Central Bank’s Jürgen Stark says no role for government in monetary policy
Floating rate key defence, says Colombia’s Uribe
Central Bank of Colombia’s José Uribe says a flexible exchange rate proved crucial in coping with the global financial crisis
ECB’s Stark –regulation must remain on the agenda
European Central Bank’s Jürgen Stark says policymakers should remained focused on improving regulatory framework despite economic “green-shoots”
Watch demand-type shocks in move to peg
Czech National Bank economist says monetary policy should pay attention to demand-type shocks when moving to an fixed-exchange-rate-peg regime
Basel outlines plans to tighten bank regulation
Central bank governors and heads of supervision agree on raft of measures to rein in banks
Turkey can do without Fund’s loans – Yilmaz
Central Bank of Turkey’s Durmus Yilmaz says improving balance of payments means it may not need IMF loans in the future
PBOC’s Su in Taiwan for bill-financing talks
Su Ning, a deputy governor of the People’s Bank of China (PBOC), visits Taiwan to discuss the development of bill financing markets
Euroclear will add markets by T2S launch
Chief executive sees expansion before European Central Bank goes live with settlement service
New governor for Ireland
Dublin breaks with tradition of appointing within the civil service by giving role to highly regarded academic
ECB announces exit strategy
Trichet sets out cornerstones of retreat from extraordinary policy action
US Treasury outlines banking reforms
Treasury wants standards to be as uniform as possible across jurisdictions
Cautious policies still necessary: Strauss-Kahn
International Monetary Fund head stresses economic conditions remain rocky
A model for monetary policy analysis
San Francisco Federal Reserve finds labour market impacts policy's goals
How the Philippines is responding to the crisis
Central Bank of the Philippines' Amando Tentangco Jr describes policy response to crunch