Central Banks
Bank of Italy shuffles management
Mario Draghi, the governor of the Bank of Italy, has begun reshuffling his management team ahead of a meeting with unions this week, La Stampa reported Friday 3 February.
The RBI's Jekyll and Hyde act
This article from The Economic Times, published Monday 5 February, asks why the Reserve Bank of India's latest monetary policy review reads like a thriller but pulls up short at the last minute.
Monetary policy inertia and recent Fed actions
The Federal Reserve Bank of San Francisco's Economic Letter for 03-2007 describes and assesses two interpretations of recent monetary policy actions by the Federal Reserve.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for October-December 2006, published 1 February, the U.S. monetary authorities did not intervene in the foreign exchange markets…
The use of mortgage covered bonds
According to this IMF Working Paper, the rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability concerns.
Paper says 3-way split for China's FX reserves
China is planning to set up a new agency to manage a fifth of the country's $1.07 trillion in foreign currency reserves as part of a shake-up that will divide responsibility for the stockpile among three bodies, a newspaper reported on Thursday 1…
Klitzing joins Norges Bank Investment Management
Espen Klitzing has been appointed Chief Financial Officer at Norges Bank Investment Management, the bank said Friday 2 February.
China aims to spend $200bn of reserves
This article from the Asia Times, published Saturday 3 February, looks at the idea that China's Ministry of Finance plans to issue yuan-denominated bonds to 'buy out' as much as $200 billion from the country's massive foreign reserves.
ECB rapped by EU privacy regulator over Swift
The EU's data protection supervisor, Peter Hustinx, said Thursday 2 February that it was unacceptable for confidential data to be handed to US authorities and the European Central Bank should do more to control the Swift payment transactions network.
BoE's Besley says data 'drip-feed' prompted hike
Bank of England MPC member Timothy Besley said in an interview with the Financial Times published Thursday 1 February he was concerned inflation would not fall as quickly as the bank would like.
Central bank reserve management forum
The Brunei Ministry of Finance hosted the 5th Southeast Asian Central Banks Research and Training Centre (SEACEN) Executive Committee (EXCO) meeting this week at the Rizqun International Hotel.
Lewis named as Richmond Fed deputy chair
The Federal Reserve Board of Governors on Wednesday 31 January named a new deputy chairman of the Federal Reserve Bank of Richmond.
Remarks by the ECB on the oversight of SWIFT
The European Central Bank (ECB) said in a press release Thursday 1 January it would like to note that central banks are responsible for fostering financial stability and promoting the smooth operation of payment and settlement systems.
Report recommends limited IMF gold sales
The report by the Committee of Eminent Persons released has recommended that the Fund sell 400 tonnes of its 3,217 tonnes of gold to finance an endowment fund.
Does inflation targeting matter for EMEs?
This Working Paper presents an empirical assessment of the performance of EMEs that have adopted inflation targets to conduct monetary policy.
Report says China to set up FX investment unit
The Chinese government is expected to introduce a number of foreign exchange reform measures this year including setting up a state forex investment company, the China Securities Journal reported Thursday 1 February, citing an unnamed state official.
Bank of Russia appoints new deputy chairman
The Bank of Russia said Thursday 1 February that it had appointed a new deputy chairman to replace Andrei Kozlov, who was shot dead in a crime widely linked to his work at the central bank.
Stark says ECB policy still accommodative
European Central Bank chief economist Juergen Stark told Boersen-Zeitung in an interview to be published Thursday 1 February that eurozone monetary policy remains accommodative despite the 25 basis point December rate increase.
Malaysia confirms dollar reserves shift
Malaysia has moved some of its $82 billion of currency reserves away from the dollar, Prime Minister Abdullah Ahmad Badawi told reporters Tuesday 30 January in Davos.
Slovene president defends Gaspari nomination
Slovenia's president Janez Drnovsek has defended his decision to nominate Mitja Gaspari for a second term as central bank governor. "His contribution to the development of the Slovenian financial system is great," Drnovsek told POP TV on Sunday 28…
Hungary's PM to discuss central bank nomination
Hungarian Prime Minister Ferenc Gyurcsany has invited leaders from the country's parliamentary parties for a meeting next week to discuss the nomination for central bank governor, the bbj.hu website reported Tuesday 30 January.
Canada's Dodge to talk over second term in June
Bank of Canada governor David Dodge has said governing Canada's central bank is "still fun," and that he will speak with the board in June about whether or not to seek a second term as governor.
Ex-RBA chief joins Woolworths board
Woolworths has appointed former Reserve Bank of Australia governor Ian Macfarlane to its board, the company said in a statement on Tuesday 30 January.
Interview with SWIFT's Campos
In this recent interview with The Asian Banker, Lazaro Campos, head of the banking industry division at SWIFT says that SWIFT will become part of the domestic securities world before it picks up in payments.