News
Recession-hit Turkey cuts rates
Central bank surprises markets with a half-point reduction
CPSS and IOSCO to revamp clearing guide
Infrastructure experts and regulators to look at applying 2004 recommendations to OTC markets
Chan named new HKMA chief
Favourite succeeds founding CEO at Hong Kong’s central bank
Frankfurt forces Rome gold backtrack
Government changes plans for a new tax on central bank gold sales
Singapore's central bank posts first ever loss
Global downturn hits MAS in year to March 2009
Eurosystem signs T2S MoU with settlement providers
Central banks and central securities depositories commit to work on T2S
End of the golden age of central banking?
Think tank says central banks face a new era of challenges
Czechs unconvinced by EC regulatory revamp
Czech National Bank strongly criticises the European Commission’s proposal for financial supervision
Nobel Laureates, GS head sign Fed independence petition
Petition signatories now include three Nobel Laureates, Lloyd Blankfein and Laurence Meyer
Italy to amend tax on gold on ECB opinion
Rome set to cut tax on gold after European Central Bank challenges levy
UAE’s Al Suwaidi: we could buy more Dubai debt
Governor Sultan bin Nasser Al Suwaidi indicates central bank may purchase more Dubai bonds after buying $10 billion-worth of debt from the emirate earlier this year
NZ placed on negative watch on growth fears
Fitch switches outlook from stable to negative on concerns over medium-term outlook
Ex-SEC heads look to limit Fed’s powers
An investor group chaired by two former SEC chairmen says Fed should not be granted responsibility for systemic risk
China’s reserves exceed $2 trillion
China’s foreign-exchange reserves reach a new record high
Japan extends special measures to 2010
Bank of Japan says credit easing and dollar liquidity provision will last until at least the end of this year
BoE’s Bean confident Treasury would agree to more QE funds
Deputy governor Charlie Bean says Bank of England would “expect” chancellor to allow more funds for quantitative easing
Trade flows continue to collapse across G7
OECD points to 13.6% drop in exports in first quarter, Japan faring particularly badly
Warsaw split on use of central bank profit
Poland’s politicians divided on whether central bank profits should cover budget deficit or currency risk
Central counterparties for CDS compared
Ad hoc industry group comprising both buy-side and sell-side publishes report on credit-default-swap central counterparties
UK inflation sinks below target
British price gauge falls below Bank of England’s target for first time in almost two years
MPC’s Posen queries symmetry of inflation targets
Newest member of Bank of England’s Monetary Policy Committee cites dangers in undershooting target and questions “mechanistic” monetarist view on quantitative easing
US racks up biggest ever June deficit
Gap for current financial year tops $1 trillion
Basel II enhancements released
Basel Committee on Banking Supervision announces revisions to supervisory framework and rules on trading-book capital
Forged euro notes surge by 17%
Counterfeit banknotes seized in first half of this year have face value of €19.3m