News
UK opts out of ECB's T2S
Reports emerge suggesting the UK has opted out of the European Central Bank's Target2- Securities project
Row brews in Costa Rica over new banknote
Central bank forced to defend wording on new banknote; debate erupts on ‘state’ versus ‘republic’
Banks have most to lose from a US default: Standard & Poor's report
Standard and Poor’s says financial institutions reliant on short-term funding from the US Treasury would be hit hardest if the US were to default on its debt
Azerbaijan releases new strategic plan
Document sets out response to changing economic climate; highlights nine targets for supporting macroeconomic stability and growth in the country
Euro area leaders thrash out Greece deal
Leaked document shows euro area leaders agree to extend maturities on Greece loans through European Financial Stability Facility; compares second bailout for Greece to Marshall plan
Singapore announces large loss
Monetary Authority of Singapore reveals annual net loss of S$10.94 billion ($9 billion); strong local currency to blame
Fed aims for summer Sifi regulations
Bernanke says Fed expects to issue proposed rules on Sifi oversight this summer; also 'on schedule' to implement Basel III
New Zealand prepares to overhaul banknotes
Reserve Bank of New Zealand outlines plans to upgrade New Zealand’s banknotes
Sri Lanka ponders 'fit and proper' tests for non-bank lenders
Bill is pending that would introduce ‘fit and proper’ tests for senior executives of non-bank lenders
UK lawmakers call for rethink of banking carve-up
UK Treasury Select Committee requests Independent Commission on Banking to re-evaluate option to 'separate' retail and investment banking activities
Iranian public votes on currency reform
Preliminary results show name of currency will change and four zeros will be removed from value
Basel targets 28 banks with GSIB surcharge
Basel Committee says 28 banks will be required to hold additional loss-absorbency capital under proposed methodology for identifying global systemically important banks
European Commission unleashes region-wide capital requirement proposal
Commission sets out plans to 'change the behaviour of the 8,000 banks that operate in Europe'; rules limit member states’ right to legislate on capital requirements
Afghan ban on US officials: reports
Media reports claim Afghan president, Hamid Karzai, has banned US officials from the country’s central bank; conditions 'too hostile' for them to return
Euro area leaders face tough choices over Greece
Crucial euro area summit to address funding of second Greece bailout to be held; terms for private sector involvement on agenda
Renminbi will not be ready to join SDR in 2015: CentralBanking.com panel
Panellists tell Robert Pringle they believe 2015 will be an important year in the internationalisation of the renminbi; currency will not be included in reweighting of SDR
Ailing Belarus governor released from office
President Alyaksandr Lukashenka releases Pyotr Prokopovich from office; acting chairman of the board, Yury Alymov remains in post
Pakistan accepts governor’s resignation
State Bank of Pakistan governor Shahid Kardar's resignation confirmed, ending days of speculation over his future at the central bank
BIS must continue to evolve: Caruana
General manager, Jaime Caruana, says BIS must continue to adapt to a changing world; working to incorporate emerging economies effectively
EBA sovereign scenarios under scrutiny
European Banking Authority stress tests reveal eight banks failed to meet 'tougher' 5% core Tier I capital ratio amid concerns over sovereign risk scenarios
Progress made on information gap project
IMF and FSB report 'considerable' progress on implementation of information gap recommendations
Euro counterfeit figure drops
European Central Bank releases counterfeit figures; 18.8% decrease in notes found
Peru governor agrees to stay on
Julio Verlade will remain in role as governor for another five-year term; president wants to maintain economic stability
BoE makes gains on QE assets
Bank of England’s Asset Purchase Facility Fund reports £9.8 billion increase in value of balance sheet; gains channelled to UK government in form of indemnity