News
Fischer calls Israeli economy a ‘miracle’
Bank of Israel governor says peace deal is needed to achieve the growth and prosperity the country deserves; refuses to set timeline for returning interest rates to 'normal level'
Malaysian and Thai central banks agree deeper cooperation
Bank Negara Malaysia and the Bank of Thailand sign agreement to facilitate a cross-border collateral arrangement for eligible financial institutions in the countries
Hong Kong to launch new microfinance pilot scheme
Hong Kong Mortgage Corporation says it plans to issue up to HK$100 million worth of loans as part of three-year long trial
BoE's Posen continues crusade for SME credit
Posen laments decline of political interest in plans for credit easing for SMEs in the UK; reaffirms his drive to improve the provision of finance for smaller non-financial corporations
RBI's Subbarao highlights new ‘trilemma' facing central banks
Reserve Bank of India governor Duvvuri Subbarao says policy contribution of central banks to sustainable sovereign debt policies must be clarified to maintain independence
Australian central bank appoints new assistant governor
Reserve Bank of Australia promotes Christopher Kent to the position of assistant governor (economic); takes over from Philip Lowe when he becomes deputy governor
Governor of the Central Bank of the Philippines talks Basel III
Amando Tetangco explains how Basel III has a “perverse” impact on countries with strong fiscal discipline and why the Sifi designation is less important than rigorous regulation
FOIA request reveals financial holdings of Fed presidents
Regional Federal Reserve banks disclose financial records of presidents; documents show New York Fed’s William Dudley required temporary waiver for holdings in AIG and General Electric
Colombia's Uribe explains why he is still raising rates
Central Bank of Colombia governor, José Darío Uribe, says rapid credit growth and inflation risks outweighed concerns about global economy; adds monetary tightening has worked elsewhere
Ireland overhauls market abuse oversight rules
Markets supervision directorate at the Central Bank of Ireland will now monitor and investigate market abuses instead of Irish Stock Exchange; ends arrangement in place since 2005
Sri Lanka remembers suicide bomb victims
New memorial unveiled at the Central Bank of Sri Lanka to mark 16th anniversary of bomb attack on the institution; governor says terrorists failed in aim to paralyse economic growth
Estonia close to deciding on next governor appointment
Supervisory board nominates Ardo Hansson to take over from Andres Lipstok; Estonian president must now clear appointment
Bahrain completes transition to Iban
Commercial banks in Bahrain will now use international bank account numbers as preferred method for international and domestic payments
Venezuela completes repatriation of gold reserves
Final shipment of 14 tonnes of gold arrives in Caracas; governor certain the central bank has the capabilities to protect the precious metal
Central Bank of Turkey predicts inflation target overshoot until 2013
Central Bank of Turkey says inflation will not return to 5.5% target until mid-2013; officials want to prevent "unfavorable fluctuations" in economic activity by acting too soon
Basel guidance on settlement risk delayed until June
Updated guidance on FX settlement risk from Basel Committee and CPSS was originally due by end of 2011, but now has an expanded remit
FSB regional group discusses policy responses to eurozone crisis
Commonwealth of Independent States hold first regional FSB consultative group meeting; members including Russia and Ukraine discuss possible policy actions to counter eurozone crisis
Bollard to leave Reserve Bank of New Zealand
Alan Bollard will not seek a third term as governor; Reserve Bank board to include candidates from abroad in search to replace him
Cyprus central bank pay freeze passes ECB scrutiny
European Central Bank says Cypriot public sector wage freeze does not threaten the central bank’s ability to perform its tasks independently from government
Switzerland investigates need for ‘more specific’ insider trading rules
Head of legal services at the Federal Confederation explains the investigations under way into the circumstances that ultimately caused Philipp Hildebrand to resign as governor of the Swiss National Bank
State Bank of Pakistan warns on ‘deteriorating’ budgetary conditions
State Bank of Pakistan quarterly report says government fell short of budget target last year; warns drying up of foreign direct investment could leave economy vulnerable
Lithuanian central bank becomes victim of a cyber attack
Bank of Lithuania's website hit by hackers; days after Central Bank of UAE experienced a similar attack
UK government publishes Financial Services Bill
New legislation to fundamentally change financial regulation in the UK; fears raised that the important issue of the accountability of the Bank of England has not been addressed fully
CB.com poll result says eurozone break-up comments are not irresponsible
CentralBanking.com poll shows majority of participants believe non-eurozone central bankers are not acting recklessly by commenting on a possible break-up of the euro