Central Banks
British official attacks EU hedge-fund rules
Lord Myners, a UK Treasury minister, labels Brussels’ draft hedge-fund code “ill considered” and “flawed”
BIS’s Caruana calls for rule-based approach
Jaime Caruana from the Bank for International Settlements says rule-based approach is needed to address the procyclicality of the financial system
German finance minister warns ECB on liquidity overhang
Peer Steinbrück joins Angela Merkel in warning of potential inflationary impact of central bank’s extraordinary measures
Hong Kong’s markets mirror US in turbulent times
Hong Kong Monetary Authority looks at financial market interactions with the US and mainland China
CEBS publishes draft liquidity guidelines
Committee of European Banking Supervisors issues consultation paper on liquidity buffers for financial institutions
Bretton Woods institutions launch website for autumn meetings
The World Bank and the International Monetary Fund set up a site for October gathering
Ex-IMF’s Johnson queries NY Fed’s bubble-bursting claims
Former International Monetary Fund research head challenges New York Fed’s Dudley claim that central bank can burst bubbles
ECB's Tumpel-Gugerell confident of adding sterling to T2S
Tumpel-Gugerell believes Bank of England can be convinced to participate in pan-European securities-settlement platform
Riksbank moves into negative rate territory
Sweden’s central bank, the world’s oldest, will on Wednesday become the first since the crisis began to penalise banks for holding deposits
Brussels bids to stabilise derivatives market
European Commission outlines proposals for derivatives-market revamp
Israel takes a step closer to new law
Stanley Fischer’s hard-fought campaign for a central-bank law appears to be nearing its close
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