News
Basel proposes home-host fix
Basel Committee on Banking Supervision devises solutions to cross-border bank issue
Aussie dividend highest in history on bumper profit
Reserve Bank of Australia to pay record dividend in its 49-year history after profiting from currency gains
Temasek profits slide
Profits down 66% after bleak year for Singapore’s sovereign wealth fund
Japan says economy "showing signs of recovery"
Monetary policy statement takes a cautiously optimistic outlook in comparison to preceding months
Ireland to spend €77 billion on bad banks
Ireland’s finance minister Brian Lenihan says funds will be split between five institutions
Fed’s Hoenig outlines resolution schema for too-big-to-fail
Kansas City Federal Reserve’s Thomas Hoenig and two economists prepare legal process for failure
FSA and SEC to cooperate on hedge-fund rules
Financial Services Authority and Securities and Exchange Commission agree to cooperate on reporting and other regulatory requirements for hedge funds
Fiscal measures must be taken off central banks’ books: IMF
International Monetary Fund’s executive board wants all quasi-fiscal activity to be moved onto government balance sheets
Bernanke optimistic regulatory overhaul will happen
Federal Reserve’s Ben Bernanke “quite confident” that Congress will pass far-reaching financial reforms
Finland names head of transition unit
The Bank of Finland Institute for Economies in Transition gets a new chief
King cautious on recovery
Bank of England’s Mervyn King warns return to trend growth will be slow and protracted, much to be done on regulation
Fed names new regional chairs
Washington-based board announces heads of twelve Federal Reserve banks for 2010
Libor spread sinks to pre-crisis levels
Libor-OIS spread for three-month dollar loans retreats to its summer 2007 level as confidence continues to grow
Iceland names new chief economist
Thórarinn Pétursson to head economics division at the Central Bank of Iceland
Bahrain trims rates
Central Bank of Bahrain cuts rates for first time since December, offers month-long dollar loans
Fed governor pans accounting developments
Federal Reserve’s Elizabeth Duke says both FASB’s and IASB’s new approaches raise “number of concerns”
Palestine launches hybrid payments system
Palestine Monetary Authority’s new interbank payments system described as development towards statehood
Bank’s Haldane stresses limits of regulation
Rules alone will not be enough to restore trust and spur a full recovery says Bank of England’s executive director for financial stability
Foreign lenders pledge support to Latvia
Four biggest foreign-owned banks in Baltic state agree to prop up branches and subsidiaries
Russia cuts for sixth time in five months
Bank of Russia lowers policy rate by 25 basis points in fresh effort to stimulate bank lending
Fed economist says 2% too low for inflation
San Francisco Federal Reserve’s John Williams says 2% inflation “insufficiently high” to protect economy
Financial stability must come second to inflation: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi says exit strategy must focus on price stability
Ukraine deputy quits on political meddling
National Bank of Ukraine’s Oleksandr Savchenko resigns accusing the President of interference with the central bank’s monetary policy
US to end money-market guarantees this month
Treasury secretary Tim Geithner notes financial sector starting to wean itself of state support