Central Banks
Cœuré sees ‘limited’ case for central bank cooperation
More cooperation between central banks would not have produced especially different policies in the wake of the financial crisis, according to ECB’s Benoît Cœuré
Hungary tightens bank forex funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks use
Poland still has euro doubts after decade in EU
The National Bank of Poland could need two years to make technical adjustments before the country can join the eurozone; ERM II presents another hurdle
Pakistan governor sets out communications ‘revamp’
State Bank of Pakistan’s Wathra says the central bank will be updating its website to make it more ‘transparent’ as well as running workshops for local journalists
Ingves says job of supervisors just beginning as Basel III nears completion
As the Basel III rules approach completion, the job of implementing the regulatory framework is only just beginning, Stefan Ingves says
Bank of England launches review of MPC transcripts policy
Bank of England commissions former Fed governor Kevin Warsh to review practice of destroying records and assess the costs and benefits of publishing meeting transcripts
Fed nominees close in on board member jobs
Stanley Fischer on track to become Yellen's number two after he and fellow Reserve board nominees Lael Brainard and Jerome Powell are given the nod by Senate committee
Bundesbank’s Dombret unperturbed by rising house prices
Andreas Dombret says prices are still tied to fundamentals in German economy, though he would be more concerned if lending began to rise alongside house prices
Fixed income drives Q1 returns for Norway SWF
Norway's huge sovereign wealth fund earned a 1.7% return in the first quarter of this year, with all asset classes solid if unspectacular
People: Bank of Russia replaces retiring deputy; Subbarao goes to Singapore
Bank of Russia appoints two to replace retiring deputy governor Golubev; former RBI governor takes visiting fellowship at National University of Singapore; and more
UK and Dutch central banks set out capital plans
The Bank of England finalises plans to implement CRD IV after public consultation; Netherlands Bank looks to impose additional capital buffer on four systemic banks
ECB turns attention to single card payments area
Card payments are lagging credit transfers and direct debits when it comes to harmonisation across the eurozone; ECB calls for "considerable efforts" to rectify this
MAS review examines Singapore's economic prospects
Monetary Authority of Singapore releases latest edition of half-yearly Macroeconomic Review, featuring articles on global economics and Singapore's economy
Colombian interbank oligopoly requires new monetary policy transmission model
The domination of Colombia's interbank market by a few large players means traditional models cannot predict how monetary policy, and financial crises, will be transmitted
Structural reforms could get eurozone out of recession, paper shows
Bank of Portugal working paper finds structural economic reforms could get the eurozone out of recession and away from the zero lower bound if designed correctly
Wathra appointed Pakistan governor
Ashraf Mahmood Wathra joined the central bank as a deputy governor last year, and has now been handed a three-year term as governor
Regulators reveal details of EU and UK stress tests
European Banking Authority and Bank of England set out the scenarios they will use in their respective stress tests later this year; ECB sets deadline for meeting capital shortfalls
Turkey's central bank overhauls strategic plan following turmoil earlier this year
The bank outlines new strategic plan for 2014–18 in view of ‘changed external and economic conditions'; replaces 2011 plan that was scheduled to expire next year
ECB paper finds eurozone inflation better anchored than US
Analysis of medium- and longer-term inflation expectations at times of economic shocks finds European inflation expectations more firmly anchored than in the US
Turkey's Başçı says inflation will peak in May
Central Bank of the Republic of Turkey governor Erdem Başçi says current account deficit to shrink 'substantially' in 2014 at conference hosted by National Bank of Macedonia in Skopje
RBI deputy reviews Indian macro-prudential experience
Kamalesh Chakrabarty evaluates India’s experience with macro-prudential policy and considers how central banks can build analytical frameworks to guide their oversight
Fed bars BofA from raising dividends after flawed capital submission
Federal Reserve orders Bank of America to resubmit capital plan after bank discovers inaccuracies dating back to Merrill Lynch takeover that caused miscalculation of capital ratios
Financial markets still fragmented, say ECB and Commission
European Central Bank and European Commission find the eurozone is more economically and financially fragmented now than it was before the crisis