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Central Banks

Speech by Andrew Crockett, General Manager, BIS

SPEECH - The chief of the Basel-based Bank for International Settlements warned on Monday of growing divergence between what accountants and bank supervisors think is good practice, saying clashes were likely. The speech was titled 'Reflections on the…

US stimulus package fails

US - A US economic-stimulus package is all but dead after two votes in the Senate that failed to pass either version of plans crafted by Democrats and Republicans.

Argentina halts currency trading

ARGENTINA - The Argentine Government has extended the closure of banks and foreign exchange centres until 11 February, giving the market more time to prepare for a full flotation of the peso.

Speech by Dino Kos of the Reserve Bank of New York

SPEECH - In the speech titled 'The Interplay of Markets and the Fed's Market Operations' Kos said 'The Federal Reserve is still considering what sort of securities it will hold in its portfolio, and is still weighing the possibility of buying Ginnie Mae…

ECB Press Conference

PRESS CONFERENCE - Introductory statement, Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Maastricht, 7 February.

Speech from the Reserve Bank of India

SPEECH - The speech was by Shri V.K.Sharma and titled 'Indian Banking of Tomorrow'. In the speech he said Indian banks have always proved their adaptability to change and I am sure it would be possible for them to mould themselves into agile and…

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