News
Zimbabwe’s central bank ‘technically insolvent’: reports
Local media sources report that Zimbabwe’s central bank is bankrupt after high court judge orders that its property be attached to unpaid debts
Former Bank governor dies
Ex-Bank of England chief Lord Richardson passes away
Senior lawmaker calls for SARB nationalisation
African National Congress official says the South African Reserve Bank, one of the few privately-owned central banks, should be nationalised; comments seen as part of encroaching politicisation of policy
Hong Kong and Indonesia link settlement systems
The Hong Kong Monetary Authority and Bank Indonesia adopt a real time payment-versus-payment link to remove settlement risk
Obama's reforms find few friends
Markets and commentators reject the US president’s proposed reform of banks, which would see a ban imposed on proprietary trading
Fiji names two new executives
Reserve Bank of Fiji makes Lorraine Seeto advisor to the governor’s office and Esala Masitabua chief manager of financial institutions
NY Fed names new minder for AIG portfolio
Federal Reserve Bank of New York's new special investments management group will oversee its American International Group (AIG) and Maiden Lane III portfolios
Transparency will reboot bond markets: González-Páramo
José Manuel González-Páramo, an ECB executive board member says openness is key to improving primary issuance
Nigeria imposes limit on bank chiefs’ terms
Nigerian central bank says bank heads will have a maximum of ten years at the top, law to be backdated to 2000
Fed’s Dudley shoots down “audit” bill
William Dudley, president of the New York Fed, dismisses calls for greater scrutiny as threat to independence in policymaking
IMF upgrades Sri Lanka up to emerging market
Fund no longer considers Sri Lanka one of the poorest countries in the world, says central bank
Swiss profits soar to $10 billion
Gold gains will see the Swiss National Bank book CHF10 billion in profits for 2009
Fed retort: nothing to hide on AIG
Ben Bernanke, chairman of the Federal Reserve, invites the government to audit the central bank’s dealings with AIG; NY Fed submits 250,000 pages of evidence to Congress
Merger has begun confirms Irish CB
Ireland’s central bank says preparations for full integration with regulator have started as proposed legislation gathers steam
Norway’s SWF looks to emerging markets
Government Pension Fund-Global, the Norges Bank-run oil fund, thrived in the crisis as a result of its equity-laden and highly diversified portfolio, says government investment chief
ECB plans regulatory training for EU candidates
ECB says it will partner the European Commission and international organisations to strengthen supervision in countries seeking entry to the EU
Suicide attack rocks Afghan central bank
Governor says central bank will not be cowed and is working to return to business as usual
King: G20 should head IMF
Mervyn King, the governor of the Bank of England, says G20 leadership could lend the IMF the legitimacy it needs to curb economic imbalances
Canada holds rates steady
The Bank of Canada keeps its key rate unchanged and cuts back its money market operations on the strength of the economy’s recovery
Record inflation growth in the UK
CPI rises by highest-ever monthly margin, QE extension looks less likely
ECB winds up euro-franc swap line
The European Central Bank says it will let seven day euro-franc swap line expire at the end of January in a further sign that it is withdrawing extraordinary support measures
Brazil broadens settlement universe
The Brazilian central bank grants brokers and dealers direct access to its Selic settlement system
Timing is everything: RBI’s Subbarao on exit
RBI governor Duvvuri Subbarao stresses the need to support recovery while addressing soaring inflation a week ahead of next policy meeting
Shirakawa pledges to keep policy loose
Japanese governor Masaaki Shirakawa reiterates the central bank’s commitment to tackle deflation as figures show more people expect prices to fall over 2010