News
HKMA lays down law on pay
Central bank gauges local industry reaction to its draft guideline
UK offshore centres must raise their game: report
Former FSA official highlights the need for “tax havens” to bring regulation up to international standards
No “urgency” to exit as Kiwis hold rates
Decision to stay at record low reflects recovery
Unconventional measures must remain – Buba’s Weber
Axel Weber says main liquidity-boosting measures must continue and be wound down only gradually
Rand strength undesirable: SA finance minister
Pravin Gordhan, South Africa’s Minister of Finance says the government will aid the central bank building reserves
Norway raises rates
Higher than expected inflation means Norges Bank becomes first European central bank to begin “exit strategy”
Brussels clears Rock break-up
Decision follows British government nationalisation in January 2008
Strong Canadian dollar “threat to growth”
Mark Carney, governor of the Bank of Canada, says currency intervention is ineffective without supporting policies
Vietnam holds rates steady and commits to dong liquidity
Central bank's policy reflects anticipated year-end currency shortage
Liikanen calls for post-crisis reality check
Erkki Liikanen, governor of the Bank of Finland, says optimism must be reined in
Recovery starts in India’s economy
RBI governor upbeat in mid-year monetary policy review
Britain on road to “lost decade”
Newest MPC member says fixing banks must be a priority for UK
Rwanda launches mobile money scheme
François Kanimba, governor of the National Bank of Rwanda, says the new mobile money system will be closely supervised
Government criticises Bank of Japan for excessive optimism
Finance minister comments reveal split in outlook with central bank
Banks will be held to their promises: Canada’s Carney
Mark Carney, governor of the Bank of Canada, warns financial institutions against complacency
British banks agree to tough new code
British Bankers Association (BBA) launches new FSA financial reporting code aimed at boosting investor confidence and bank transparency
Bundesbank will not be a better regulator: BaFin’s Sanio
Jochen Sanio, president of Germany’s banking regulator, strikes out against government plans to make the central bank sole regulator
Trichet rules out €30 banknote
ECB president Jean-Claude Trichet says the central bank will not issue a €30 bill after lawmaker’s request
Britain remains in recession
Pound falls on unexpected negative growth for three months to September; chances of expansion of quantitative easing programme rise
Fed looks to curb risk with wage rules
Federal Reserve says proposals aimed at ensuring wages will not undermine safety and soundness of banks
Hungarian regulator’s role to be amplified
Hungarian Financial Supervisory Authority will get more independence and the right to issue regulations if government proposal clears parliament
Regulation will not stave off future crises: Bank’s Tucker
Bank of England’s deputy governor argues that regulation will not address collective-action issues; sets out macroprudential tools
Eichengreen backs Fund as global lender of last resort
Berkeley economist Barry Eichengreen believes International Monetary Fund should in time take on the mantle of global lender of last resort
ECB attacks Brussels over hedge-fund rules
Concern comes after British authorities warned on rules