Central Banks
Austrian banks well capitalised
National Bank of Austria says stress tests reveal banks sufficiently capitalised to withstand severe recession
A fifth of prices change each month in Belgium
National Bank of Belgium examines how frequently prices change in Belgium
NY Fed’s Dudley: central banks must look to lean against the wind
New York Federal Reserve president backs calls for central banks to counter bubbles
Goodhart: central banks unprepared for liquidity support
Charles Goodhart, a former member of the Bank of England’s Monetary Policy Committee, says central banks have to devise common rules for liquidity support after crisis caught them out
Beijing steps up bid for renminbi to become reserve currency
China’s central bank issues rules aimed at enhancing currency’s international status but ex-governor says renminbi will only join euro and dollar after ten years or more
Japan appoints new currency policy, regulatory chiefs
Japan’s ministry of finance makes new appointments in its July reshuffle
BoJ’s Shirakawa: monetary policy not enough against bubbles
Bank of Japan governor says more policy tools required to preserve stability
East Asia-Pacific central banks softened US shocks
Hong Kong Monetary Authority research finds East Asia-Pacific monetary authorities dampened shock from United States money market
RBI's Subbarao: India must go for growth
The governor of the Reserve Bank of India says restoring growth to pre-crisis levels and de-mystifying the office of the governor are among his main objectives for his first term at the helm
RBI's Subbarao on reviving growth, decoupling and global imbalances
The governor of the Reserve Bank of India discusses his objectives for his first term and how the decoupling argument needs to be revised
In return to normality, fiscal order must come first
Governments must put their books in order before central bankers raise rates, say economists
BoE’s Haldane outlines views on capital rules
Bank of England''s financial stability executive director says capital levels were possibly way too low before crash
Loyalty programmes influence payments choices
Reserve Bank of Australia finds that price incentives, and loyalty programs in particular, are influential when it comes to consumer decisions about payment instruments
BoE’s Haldane: OTC markets need reforming
Bank of England’s Andy Haldane says over-the-counter post-trade infrastructure needs top-down push to reform
Bundesbank names new Berlin branch chief
Buba appoints Claus Tigges to manage office in German capital
Central concerns
José Manuel González-Páramo, a member of the ECB’s executive board, talks to Risk about the role of the central bank and the need for greater oversight and transparency in the derivatives market
Liquidity lessons from the crisis
Daniel Heller, the head of the Basel-based CPSS, discusses propsoed reforms for payments, clearing and settlements
BIS's Cecchetti moots longer time horizon for monetary policy
Central banks may need to stretch their time horizons for inflation targeting to successfully combat financial instability, says Bank for International Settlements’ Stephen Cecchetti