News
No takers for Canada’s emergency operations
In a further sign that funding strains are easing, the Bank of Canada’s soon-to-be withdrawn emergency operations attract no bids
Ex-Fed’s Stern joins Finra board
Former president of the Minneapolis Federal Reserve to become Financial Industry Regulatory Authority board member
Turkish easing will inject $2 billion
Central Bank of Turkey says loosening of reserve ratio will free up $2.26 billion in permanent liquidity
Basel Committee: trading-book capital requirements to soar
Basel Committee says new trading-book rules will result in much higher capital requirements
Bank officials at odds over QE’s impact
Confidence of Bank of England’s executive director for markets appears to conflict with deputy governor’s ambivalence
Romanian central banker nominated as premier
Romania’s president picks governor’s adviser for prime minister
Turkey cuts, signals lower rates to come
Central Bank of Turkey chops half a point of benchmark rates
De Larosière: don’t rush regulatory reform
Former governor of the Banque de France warns governments against rapid change for the finance industry
What makes up the macroprudential toolkit?
Practitioners and supervisors discuss how supervisory policy will be made
Georgia to transfer supervision back to central bank
National Bank of Georgia to regain control of banking regulation in December just a year and a half after setting up of separate supervisor
New Zealand begins exit from extraordinary measures
Reserve Bank of New Zealand cancels two facilities and amends others as financial-market stress eases
Swaps a success: SNB economists
Swiss National Bank researchers say swap agreements were highly effective low-cost solution to currency mismatches
Buba upbraids board member after racist remarks
Thilo Sarrazin, a member of the board of the German central bank, has remit reduced after comments on Berlin’s Turkish and Arab communities
No way to tell if QE’s worked: BoE’s Bean
MPC will have to tighten gradually to avoid undershooting inflation target
Ireland’s Honohan: restore, not reinvent
Governor uses first speech to hark back to 2000 as benchmark for Irish economy
Zim finance minister promises new central bank law
New reform bill will bring to a close quasi-fiscal activities when it is passed, says Tendai Biti
Sri Lanka holds rates steady
Central Bank of Sri Lanka continues policy of gradual easing of credit conditions
Dutch central bank takes over floundering DSB
The Netherlands Bank takes control of teetering domestic lender Dirk Scheringa Beheer after consortium talks fail; says it will guarantee deposits
Cautious MAS maintains zero appreciation policy
The Monetary Authority of Singapore pledges to maintain its policy of zero appreciation [of the Singapore dollar’s nominal exchange rate] as confidence in global rebound wanes
Nigeria’s banking landscape set to change: Sanusi
The governor of the Central Bank of Nigeria says the ongoing clean-up will lead to a reduction in the number of large banks
Nobel prize for pioneers of economics governance
Swedish Academy of Sciences shuns orthodoxy to award 2009 prize for work on institutions not markets
Canada taking “hard look” at price-level target
Bank of Canada’s Paul Jenkins says central bank undertaking “considerable study” on pros and cons of price-level targeting
Buba to be sole banking regulator
Germany’s incoming coalition government strips Bafin, the country’s financial services authority, of remit to regulate banks