News
Fed's Fisher lambasts QE2
Dallas Fed president Richard Fisher claims QE2 will not create jobs, just spur speculation; comments highlight threats to Bernanke consensus when Fisher and others become FOMC voters in 2011
Ireland releases new governance rules
Central Bank of Ireland looks to stamp out poor boardroom practices at financial institutions
India’s PM backs QE2
Backing from Manmohan Singh follows attacks from other emerging markets
Debt restructuring framework for Europe essential: Deutsche Bank
Deutsche Bank co-head of European economic research Mark Wall says officials must create credible restructuring mechanism for eurozone sovereigns
RBI bans three banks over circular trading
Standard Chartered, Société Générale and Credit Agricole will be banned from proprietary trading in government bonds
Senators call for 'vigorous' enforcement of Volcker rule
Carl Levin and Jeff Merkley urge FSoc to follow “statutory intent” of rule to limit proprietary trading; define key terms and supervisory approach
Ron Paul set to renew bid to audit Fed
United States representative Ron Paul vows to audit Federal Reserve if he wins power of House subcommittee on monetary policy
Zhou, Meirelles attack QE2
Central Bank of Brazil president Henrique Meirelles and People's Bank of China governor Zhou Xiaochuan bash Federal Reserve’s latest stimulus programme
Risk USA: Paulson refused to save Lehman over 'bailout guy' characterisation
Former White House economist details civil war between Bush administration and US Treasury
Fund nears the end of gold sales
IMF has sold majority of the gold set aside for disposal; analysts expect Fund will complete sales by end of the year
FSB opens up to non-members with outreach proposal
Financial Stability Board to set up regional consultative groups to give non-members a presence in regulatory debate; move goes only half the way to correcting imbalance, DIFC chief economist says
New Fed office to aid stability, macroprudential efforts
Federal Reserve sets up financial stability policy office to coordinate institution-wide analysis on stability risks; J. Nellie Liang named director of office
Broaden renminbi use to curb dollar influence: ex-HKMA’s Yam
Former Hong Kong Monetary Authority chief executive Joseph Yam calls for more renminbi internationalisation; says Hong Kong a vital portal in the effort
Norway’s sovereign wealth fund makes first property investment
Government Pension Fund Global takes stake in British Crown Estate’s Regent Street portfolio as part of new strategy to better hedge against inflation
Hong Kong will not abandon dollar peg: HKMA’s Chan
Hong Kong Monetary Authority chief executive Norman Chan says central bank will maintain dollar peg
Fed to buy $600 billion-worth of Treasuries
Size of QE2 exceeds expectations; pace of purchases slower than forecast
CIC’s Zhou calls on Congress, not Fed, to spend
China Investment Corporation’s Zhou Yuan says further quantitative easing will not cure United States’ unemployment problem; Fed expected to unveil more asset purchases, despite dissent
Norway’s Gjedrem bids to hold on to wealth fund role
Norges Bank governor Svein Gjedrem disagrees with proposal to strip management of sovereign wealth fund from Norges Bank; says central bank best placed to manage Government Pension Fund Global
Gono’s alleged affair stirs varied reactions
Reports that Reserve Bank of Zimbabwe governor Gideon Gono allegedly had a five-year affair with Robert Mugabe’s wife ricochet around international media
Adia appoints new chief investment officer for private equity wing
James Kester joins Abu Dhabi’s sovereign wealth fund from Zurich Alternative Asset Management
FSB sets out markers for intense, effective supervision of Sifis
FSB issues recommendations to shape top notch oversight of systemically important financial institutions; calls for expansions, clarifications to core Basel principles
UK doesn’t need more QE: former MPC members
Sir John Gieve, DeAnne Julius and Rachel Lomax say Bank should hold on launch of QE2; Gieve flags asymmetric bias towards looser policy
BoJ’s Suda criticises decision to buy government bonds
Bank of Japan monetary policy minutes reveal dissent over central bank’s decision to include government bonds as part of stimulus programme
Ex-Bank’s Lomax attacks government over cutbacks
Former MPC member Rachel Lomax lambasts climate of fear promulgated by Britain’s coalition government in order to pave the way for fiscal retrenchment