News
IMF’s Zhu examines impact of changing global relationships on Asian economies
Min Zhu, an IMF deputy managing director, discusses the move towards a global supply chain and the challenges it presents to the development of the Asian financial markets
Bank of Russia easing could 'jeopardise' inflation anchor
IMF releases Article IV consultation with Russia; encourages central bank to focus on inflation objectives and warns rate cuts would jeopardise ability to hit target range this year and next
Noyer gives green light to Banque de France job cuts
'Modernisation plan' will see thousands of jobs lost at Europe's largest central bank by head count; more investment will be made in technology, IT and training
FDIC officer reshuffle as Wigand retires
Arthur Murton steps up to lead OCFI, with Diane Ellis taking the vacancy created at the division of insurance and research
Carney appoints Bank of England's first-ever chief operating officer
Charlotte Hogg, currently at Santander, will become the most senior woman at the BoE; final decision to appoint was made by incoming governor Mark Carney
Carney's Bank of England should seek closer ties with ECB, says MEP Bowles
Sharon Bowles will raise issue of European co-operation at her first meeting with Mark Carney - saying it is even more of a priority now Paul Tucker is leaving
UK Payments Council prepares 'roadmap' for reform
'Payments Roadmap' seeks to boost competition and innovation in UK payments, even as a government consultation leaves the future of the Payments Council in doubt
Central banks laying the seeds for ‘crisis in fiat money’, says UK MP Baker
Chair of UK parliamentary group for economics says a sharp correction in developed world sovereign bond prices could spark a collapse in confidence and challenge the sustainability of fiat money
MAS penalises 20 banks for involvement in rate-rigging
Monetary Authority of Singapore says 133 traders attempted to manipulate financial benchmarks; punishes 20 banks, with ING Bank, RBS and UBS hit the hardest
Nabiullina faces ‘open question’ of how Bank of Russia will address growth
Elvira Nabiullina becomes Bank of Russia chairman on June 24; Deutsche Bank Russia research head plays down talk of an ‘excessive swing’ towards monetary easing
Bowles: Give ECB its ‘smoke and mirrors'
ECB's chief inquisitor says central banks must retain 'a certain amount of mystery' to keep fiat monetary systems going; interaction between ECB's monetary and supervisory arms will be 'difficult'
IMF expects Fed to hold QE steady until 2014
IMF releases Article IV consultation with United States; praises impact of Federal Reserve's asset purchases but criticises ‘excessively rapid and ill-designed' deficit reduction
National Bank of Austria vice-governor faces bribery charges
Wolfgang Duchatczek and eight others charged with bribery in connection with note-printing deals with Syria and Azerbaijan
NALM Americas 2013: Central banks should take more credit risk, says Flar CRO
An allocation to investment-grade corporate bonds could increase diversification and provide a cushion against rising interest rates, says Latin American Reserves Fund CRO
BoE deputy Paul Tucker quits after 33 years
Deputy governor for financial stability will stay for Mark Carney's first few months as governor of the Bank of England, before leaving to spend a ‘period of time in academia in the US'
NALM Americas 2013: Panellists play down expectations of QE wind-down
Central bankers think it unlikely the US Federal Reserve will wind down its quantitative easing programme – but some acknowledge an exit could hit emerging markets hard
Basel’s ‘99.9% standard’ for op risk is unreliable, says ORX chief
Giulio Mignola says Basel II's 'one-in-a-thousand-years' threshold for tail risk is fundamentally flawed
Bank of Canada reins in risk concerns
Review of Canadian financial system finds risks from European sovereign debt crisis and Canadian housing market are retreating; special report says collateral demand is ‘manageable’
Israel's Fischer says he used casting vote to avoid ‘signs of a crisis'
Outgoing Bank of Israel governor regrets his MPC never outvoted him, but feels recent moves to stem the shekel's rise have met with success
Bank of England paper says above-target inflation threatens expectations anchor
Article in latest quarterly bulletin says UK inflation expectations remain anchored for time being but could be dislodged if high inflation persists
Asia-Pacific: Financial stability concerns reflected in rate decisions and forex intervention
Indonesia leans against higher inflation expectations with rate rise, RBNZ's Wheeler concerned over ‘rapid' house price inflation, and Bank of Thailand attempts to slow baht's downward slide
UK banks on cyber threat alert, says BoE’s Haldane
Chief risk officers at UK banks worried about cyber-attacks on financial institutions; Bank of England official says government must take ultimate responsibility to guard against cyber threats
UK mulls US-style bank stress tests
Bank of England seeks to improve bank stress tests by including publicly disclosed remedial actions as debate intensifies over independence and the use of a leverage ratio in the UK
Turkish central bank steps in to calm forex markets
Capital outflows have prompted Turkey's central bank to purchase local currency in a bid to smooth ‘market volatility'; move seen as signalling a failure of the bank's 'Reserve Option Mechanism'