News
S Asian central bankers to stay clear of tension
SRI LANKA - Amid fears of war between nuclear-armed India and Pakistan, while Sri Lanka struggles for peace, South Asian central bank officials meet this week to improve processes that would boost trade in the region.
Islamic banking conference hailed a great success
PAKISTAN - Justice Muhammad Taqi Usmani, Chairman, Centre for Islamic Economics, said here on Monday; that the International Conference on Islamic Banking and Finance was a great success and hoped that fullest efforts would be made for the eradication of…
JD1 coin to be replaced by new banknote in Jordan
JORDAN - The Central Bank of Jordan (CBJ) is expected to soon circulate new banknotes, to replace the current round JD1 coins, following numerous cases of counterfeit detected by security and financial authorities, a bank official said on Tuesday.
Japan entering cyclical rebound: BOJ board member
JAPAN - A Bank of Japan Policy Board member said on Wednesday that Japan's economy was starting to recover but the financial sector posed a risk.
Iran to offer euro-denominated bonds
IRAN - For the first time since the 1979 Islamic revolution, Iran has signed a deal with two foreign banks to market Iranian revenue bonds on the international market.
Central Bank of Kenya aims for Donde Act removal
KOREA - Bankers and the Central Bank of Kenya now want the entire Donde Act declared null, reports the East African Daily Nation web site.
Use standard loan documents: MAS
SINGAPORE - The Monetary Authority of Singapore (MAS) yesterday encouraged Singapore banks to adopt standardised templates for loan documentation, saying this would benefit them and borrowers, as well as help in the growth of the loan syndication market.
Bank of England News Release
NEWS RELEASE - Serial Numbers of £5 Banknotes, 27 May.
Reserve Bank of Australia 2002 Conference
CONFERENCE - The Reserve Bank of Australia 2002 conference 27-28 May, jointly organised with the Australian Treasury, is on the topic: 'Globalisation, Living Standards and Inequality: Recent Progress and Continuing Challenges'.
Norges Bank Press Release
PRESS RELEASE - Satisfactory financial stability - despite high credit growth, 28 May.
Philippines to make bid to FATF
PHILIPPINES - Philippine financial regulators are to meet with officials of the Paris-based Financial Action Task Force (FATF) next week in a fresh bid to be removed from a list of money laundering havens.
Argentina's governors support Duhalde
ARGENTINA - Argentina's president won backing Monday from powerful provincial governors for his attempts to obtain an international bailout package to pull Argentina out of financial crisis. But, he warned, "time is running out."
Mboweni urges Deutsche Bank disclosure
SOUTH AFRICA - SA Reserve Bank governor Tito Mboweni on Monday said it was important that details of a deal struck between the SARB and Deutsche Bank be made available to the rand commission of inquiry.
Bank of Greece picks Garganas as new governor
GREECE - The Bank of Greece on Monday picked Deputy Governor Nicholas Garganas to succeed Lucas Papademos at the helm of the central bank and fill a seat on the governing council of the European Central Bank.
UAE to license 'hawala' operators
UAE - The UAE central bank will soon set up a licensing and supervisory system for 'hawala' operators in the country.
China's c bank head confirms looser money supply
CHINA - People's Bank of China governor Dai Xianglong said on Monday that China is already pursuing a policy of increased money supply to bolster economic growth.
Heikensten likely new Riksbank governor - report
SWEDEN - Lars Heikensten currently First Deputy Riksbank Governor, is most likely to be appointed to the top rank at the Riksbank when Urban Backstrom resigns as Governor at the end of the year, Nordea wrote in its weekly market letter Friday.
ECB Press release
PRESS RELEASE - Seminar of the Eurosystem and Latin American central banks held in Madrid on 23 and 24 May 2002, 24 May.
ECB Press release
PRESS RELEASE - Code of Conduct for the Members of the Governing Council, 24 May.
Bank of England News release, 27 May
NEWS RELEASE - Practical Issues Arising from the Euro - May 2002.
National Bank of Azerbaijan proposes name change
AZERBAIJAN - The Azeri Parliament is preparing to ask the government for the National Bank of Azerbaijan (NBA) to be renamed the Central bank of Azerbaijan the chairman of the parliamentary committee for economic policy, Sattar Safarov has said.
Bank of Korea chief cites peril of 'cronyism'
SOUTH KOREA - Park Seung, the Bank of Korea governor, recently said that he offered Finance and Economy Minister Jeon Yun-churl his view on the appointment of a new member of the central bank's monetary policy committee.
Polish central bank sees independence under threat
POLAND - Poland's government threw down the gauntlet in its fight with the central bank yesterday by backing legislation that, if signed into law, would compromise its independence.
Warning from Bank of England over euro timetable
UK - Ministers must not be tempted into shortening the timetable for scrapping the pound if Britain votes to join the euro, the Bank of England has warned.