News
Euro banknotes with Draghi’s signature enter circulation
Mario Draghi's signature appears on circulating euro banknotes as the ECB president expresses faith that situation in Europe is stabilising
Hildebrand joins Oxford University
Former Swiss central bank chief takes advisory role at Blavatnik School Of Government
Denmark releases annual report and appoints new directors
National Bank of Denmark annual report covers decision to relocate Royal Danish Mint and reveals profit fell last year; Jørgen Strandgaard and Kjeld Johannesen chosen as new directors
Malaysia annual report predicts tougher 2012
Slower growth and challenging time for exporters forecast in annual report from Bank Negara Malaysia
National Bank of Ukraine appoints new head of payments systems
Natalia Syniavska takes on role overseeing all payments operations at the Ukrainian central bank
UK chancellor unhappy about past gold sales
George Osborne issues thinly veiled attack on Gordon Brown over gold sales a decade ago; minutes from latest BoE meeting reveal two votes for more QE
Bernanke delivers first student lecture
Fed chairman recounts origins of central banks and stresses their importance in first lecture to US students; lecture series takes place at key time as fierce Fed critic Ron Paul runs for president
China and Mongolia double currency swap arrangement
Chinese and Mongolian central banks agree supplementary currency swap arrangement that doubles the amount of currency at stake under the deal
QE is ‘decisively working’ say CBP panellists
Central Banking On Air event focuses on impact of quantitative easing; panellists agree emergency monetary policy steps have been effective but question whether the Fed has ‘over-committed’ itself
Norges Bank announces operational changes
Norwegian central bank to create third core function department; new structure to come into effect at beginning of June
Weidmann airs unresolved questions of financial crisis
Bundesbank president details areas where research is needed to better understand the causes of the financial crisis; wants to better understand risks of securitisation practices
Bank of Greece delivers policy report for ‘critical year’
Greek central bank announces bleak prediction for economy in 2012; calls on government to go above and beyond to ensure reform programme is implemented
Sarb seeks nominations for board of directors
South African Reserve Bank announces procedure for replacing retiring member of board of directors
‘Numerous episodes’ of heightened anxiety ahead for Europe, says RBA’s Stevens
Reseve Bank of Australia governor, Glenn Stevens, says ‘old world’ problems have “riveted” global attention but ECB action prevented another funding crisis
Commission paper sheds light on dangers of shadow banking
The potential for shadow banking to damage the wider banking system and disrupt the macro-prudential aims of the ECB has been highlighted in the latest green paper from the European Commission
Tighter euro rules will also target trade surplus countries, says González-Páramo
Europe needs to create new mechanisms to fulfill the duties of ‘missing institutions’ to ensure the euro can survive. New monitoring capabilities will also target trade surplus countries, says ECB board member
Euro has benefited smaller states, says Polish central bank chief
National Bank of Poland president Marek Belka tells conference that the euro has had a substantial positive impact for smaller European countries
International regulators uneasy over Volcker rule
Ban on proprietary trading could affect liquidity in non-US bond markets, regulators argue
Central Bank of Egypt readies new supervisory framework
The Central Bank of Egypt nears completion of banking supervision makeover conducted with the assistance of European central banks
Sants to leave UK’s FSA in June
Financial Services Authority chief bows out well before prudential powers shift to the Bank of England next year; Bailey to take over prudential regulation role
Gensler defends new CFTC block trade proposals
Revamped rules were not designed to mirror scope of old exemptions, CFTC chair tells FIA conference
FSB to reform external audits of financial institutions
Financial Stability Board in major drive to ensure external audits of financial institutions provide more relevant information to prudential supervisors, regulators and investors
IMF board approves €28 billion for Greece
IMF releases first tranche of funds as part of Greece’s ‘exceptionally high-risk’ economic adjustment programme; Iceland repays some IMF debt early
King ‘baffled’ by suggestion of internal investigation
Governor of the Bank of England says he is “baffled” by Treasury Select Committee recommendation that the central bank investigate its own handling of the financial crisis