Central Banks
Ex-FDIC's Seidman dies
Bill Seidman, the chairman of the Federal Deposit Insurance Corporation (FDIC) who presided over the savings and loan crisis, has died.
Norwegian payments system passed crisis test
Norges Bank's payments system successfully handled the challenges posed by the financial crisis, the central bank said on Thursday.
Latvia cuts to 4%
The Bank of Latvia cut its key rate by a full percentage point on Thursday in a bid to limit the scale of its economic contraction.
Spain's Ordoez analyses pro-cyclicality
Miguel Fernandez Ordoez, the governor of the Bank of Spain, gave an outline of the effects of pro-cyclicality in the banking system, summarising first the guidance offered by Basel II to mitigate its effects.
Chile can mitigate the effect of the global crisis
Recent research by Jose De Gregorio, the governor of the Central Bank of Chile, maintains that although Chile can naturally not escape the effects of the global crisis, it is in a good position to mitigate them.
Global monetary reform our biggest challenge: King
Reform of the international monetary system is the biggest challenge facing the world today, Mervyn King, the governor of the Bank of England, said on Wednesday.
Statistics hole plugged with securities guide
In response to calls from officials from around the globe, a comprehensive data set for international securities markets has been compiled by statisticians at the Bank for International Settlements (BIS), the European Central Bank (ECB) and the…
Devos to become BIS general counsel
Diego Devos will succeed Daniel Lefort as the Bank for International Settlements' (BIS) general counsel later this year.
Russia cuts for second time in a month
The Central Bank of Russia chopped a half point off its key rate on Wednesday, little more than a fortnight after its last cut.
Solve dollar riddle with price-adjusted swaps
Countries caught in a dollar trap should demand that the United States swaps nominal treasury bills for inflation-adjusted instruments, two prominent economists have argued.
Indonesia's Boediono to enter politics?
Boediono, the governor of Bank Indonesia, may be named as the running mate for the country's president, it was reported on Tuesday.
Basel Committee advises on cover payments
The Basel Committee on Banking Supervision on Tuesday issued its final guidelines on cover payment messages related to cross-border wire transfers, which can be used for money laundering and terrorist financing.
Learning from previous financial crises
Research by Kenneth Rogoff and Carmen Reinhart finds that financial crises in rich countries have much in common with those in emerging markets.
The effects of the crisis on Norway's SWF
Norway's sovereign wealth fund, the Norwegian Pension Fund, has been hard hit by the crisis, said Jan Qvigstad, the deputy governor of Norges Bank.
BoJ rate minutes: 7 April decision unanimous
Minutes of the 7 April monetary-policy meeting at the Bank of Japan, published on 8 May, show that the council unanimously supported the decision to leave the target rate at 0.1%.
CNB's Tuma calls for cross-border supervision
Zdenek Tuma discusses the future of financial regulation and the prospects for joining the euro
Fed's Lacker blames safety net for crisis
A senior Federal Reserve official has said that the implicit guarantee that the government would step in and save those institutions deemed too big to fail was a key cause of the current economic malaise.
LatAm leaders pledge $7bn to Bank of the South
Leaders from seven of Latin America's biggest economies have agreed to provide $7 billion as start-up capital to the Bank of the South, a proposed regional counterweight to the Washington-based Bretton Woods institutions.
NY Fed's Dudley to fill Geithner's boots at CPSS
William Dudley, the president of the New York Federal Reserve who took over from Tim Geithner earlier this year, will also replace his former boss as chairman of the Committee on Payment and Settlement Systems.
US experience so similar to ours: Japan deputy
The current situation in the United States bears a "remarkable resemblance" to Japan's lost decade, Kiyohiko Nishimura, a deputy governor at the Bank of Japan, has said.
India ex-finance minister calls for "massive" cuts
A former Indian finance minister has called on the Reserve Bank of India to cut rates drastically in order to buoy the country's flagging economy.
US payments systems still evolving
Research by the Kansas City Federal Reserve looks back at some early payments systems and examines their status today and where they may be heading.
Italy's Draghi on FSB initiatives
In a speech to the International Monetary and Financial Committee last month, Mario Draghi, the governor of the Bank of Italy and the chairman of the Financial Stability Board (FSB), reported on the progress the board had made in the three weeks since it…