News
Fed audit sheds light on scale of deterioration in AIG vehicles
Federal Reserve publishes data illustrating the fall in asset value and quality in Maiden Lane II and III vehicles; Fed’s-eye view on crisis events revealed
Nordea chief to head European banks' trade body
European banking lobby group appoints Nordea chief executive Christian Clausen as president; Clausen takes over from ex-UniCredit chief Alessandro Profumo
Irish banks’ pay reforms inadequate: central bank
Central Bank of Ireland says banks’ remuneration policies are not sufficiently aligned with risk management strategies
Securency chairman set for London move
RBA assistant governor Bob Rankin to become chief representative in Europe; Rankin to remain Securency chairman until polymer manufacturer sold
FSA forced to admit 96 staff exits in Q3
UK regulator admits it lost almost 100 staff in the third quarter of 2010.
Fed’s Yellen: QE2 could help emerging markets
Federal Reserve vice chair Janet Yellen makes case for currency appreciation in emerging markets; remarks come on the heels of emerging market criticism of QE2
WikiLeak sparks King quit calls from Blanchflower
Former Monetary Policy Committee member David Blanchflower says Bank of England governor Mervyn King must resign over lack of political impartiality after new leak on whistleblower website
Adia appoints new chief financial officer to real estate wing
Jim Hime joins Abu Dhabi’s sovereign wealth fund from real estate investment firm Lionstone Group
Taylor calls on Fed to focus on price stability, not employment
Economist John Taylor likens Federal Reserve’s quantitative easing programme to fiscal policy; says central bank should focus on single price stability mandate
Portuguese banks’ reliance on ECB 'unsustainable', says central bank
Bank of Portugal Financial Stability Report says domestic lenders’ reliance on eurosystem funding has spiralled; sovereign’s declining prospects a key factor
Norwegian banks will meet Basel III ahead of schedule: Gjedrem
Norges Bank governor Svein Gjedrem says Basel III capital requirements will be implemented ahead of Basel Committee deadlines in Norway
Anglo restructuring deal to be sealed in January: Ireland’s Honohan
Central Bank of Ireland governor Patrick Honohan says Anglo restructuring proposal will be approved by end-January; Irish banks face capital, liquidity assessments
Israel names Hizkiyahu successor
David Zaken named supervisor of banks; Zaken to replace Rony Hizkiyahu at the end of the year
State Bank of Pakistan blames government for rate hike
Pakistani central bank says 50 basis point interest rate hike made necessary by government’s excessive borrowing
Periphery CDSs break records as sovereign fears continue
Portugal might be next peripheral to seek help, economist warns, as its CDS hits record high.
Markets, analysts unconvinced by Irish bailout
Officials welcome deal but euro, continental bourses drop in response to €85 billion rescue package for Ireland
Europe reveals new stability mechanism
Eurozone finance ministers outline European Stability Mechanism designed to offer financial assistance to troubled single currency states
Shirakawa draws parallels with QE in Japan, US
Bank of Japan governor Masaaki Shirakawa says same aims underlie Japan's monetary easing scheme and Federal Reserve's asset purchase programme
Qatar launches m-payment scheme
Qatar Central Bank licenses two telecoms providers to offer mobile payment services; move makes it first in region to operate scheme
Jordan appoints Sharaf as new governor
Former Central Bank of Jordan deputy governor Sharif Fares Sharaf replaces governor Umayya Toukan at helm of central bank
Estonia nabs firms over euro leak
Bank of Estonia fines two companies for mishandling euro coins ahead of the currency’s launch in 2011; strong link to coin sale in neighbouring Latvia
Basel Committee sets out principles for deposit insurance
Basel Committee on Banking Supervision outlines principles on the scope, operation and legal dimensions of deposit insurance systems
Philippine banks migrate to new remittance payments system
Central Bank of the Philippines says all twelve participating banks are using new electronic payments system for remittances
Video: Japan FSA's Chikahisa Sumi talks about regulation's post-Basel III focus
The G-20 does not plan to sit still after its historic endorsement of Basel III. New targets include too-big-to-fail institutions, the shadow-banking system and commodity derivatives, according to Sumi.