News
G20 ditches controversial global bank tax
Finance ministers splinter on international banking levy, complicating individual countries’ promises to adopt a tax; group unites in call for Basel III to be completed by year-end
Sepa Council members meet for first time
Industry and central bank leaders meet to discuss end dates for migration and future of Sepa for cards at first official council meeting
HKMA appoints PBoC’s Mu as senior adviser
Former People’s Bank of China director general Mu Huaipeng joins Hong Kong Monetary Authority in bid to boost mainland ties
Taskforce to overhaul Asian post-trade framework
Central banks of Hong Kong and Malaysia team up with settlement systems firm Euroclear to create pilot common platform to improve central securities depository infrastructure
Sarb defends amendment bill against investor attack
South African Reserve Bank refutes press reports that its defence of amendment bill fell short; maintains that same investors keep causing trouble
New Japanese PM could pressure BoJ to loosen
Japan’s new prime minister and former Bank of Japan critic Naoto Kan hints at more accommodative monetary policy; analysts think central bank’s independence will not be affected
Indonesia's Nasution set to be made full governor
Bank Indonesia acting governor Darmin Nasution is likely to take on leadership officially after scoring sole nomination of the country's president; lawmakers view Nasution as a safe pair of hands
Sarb considering market operations overhaul
Deputy governor Daniel Mminele says South African Reserve Bank may make changes after encountering problems towards the end of last year
German economic strength 'a fallacy': Charles Dumas interview
The Lombard Street Research chairman tells Credit the German economy is far weaker than has been supposed
Pakistan’s governor quits; deputy named interim chief
State Bank of Pakistan governor Syed Salim Raza resigns; deputy governor Yaseen Anwar named acting head
Weber’s defiance could help or hinder: analysts
Bundesbank president Axel Weber’s maintenance of principled objection to European Central Bank bond purchases could swing either way in his bid to succeed Jean-Claude Trichet
German rumours of French pact with ECB display tensions
Coverage of German magazine article alleging European Central Bank's bond purchase programme was aimed at helping the French indicative of fertile breeding ground for conspiracy theories
Rate move highlights gap between Russia and other Brics
Country remains in expansionary mode while fellow emerging markets start tightening due to structural and circumstantial factors
Estonia on the lookout for dud euro notes
Bank of Estonia begins training staff from commercial banks and larger retailers to spot fake euro banknotes
Brussels calls for European ratings supervisor
European Commission proposes new body to oversee all credit ratings agencies operating in the European Union; security issuers must provide information to all agencies to boost competition
Bank's King declines pay hike for two years
Bank of England governor takes two year pay freeze of own volition; non-executive directors see salaries more than double from previous year
China’s Li calls for tightening on back of housing bubble fears
People’s Bank of China monetary policy committee member Li Daokui warns economy may overheat unless tighter monetary policies are put in place
Barroso moots European ratings agency
European Commission president's calls echo those of Michel Barnier; says proposals will be released in September
Venezuela drawn into Securency scandal: report
Australian newspaper alleges that RBA offshoot paid for Vietnamese government officials to win business from Central Bank of Venezuela
ECB reshuffles executive responsibilities as Constâncio takes over Papademos’ role
ECB shuffles distribution of responsibilities between executive board following appointment of ECB vice president Vítor Constâncio
Goodhart: CoCos 'not silver bullets' for bank capital reform
Regulators should ban dividend payments or curb banker pay to conserve cash, instead of championing CoCos, says economist
Bank of Korea elbows government out of rate decisions
Korean central bank wins battle to keep vice minister out of rate calls; government representative can attend and observe future policy meetings, but must leave before policymakers vote
Former Icelandic governors may face criminal charges over crisis
Icelandic parliamentary committee passes names of three former central bank officials to state prosecutors; may face criminal charges
Ratings agencies blindly mimic market jitters: Noyer
Banque de France governor becomes latest euro-area official to slam credit rating agencies for worsening debt crisis; remarks follow Spain’s second downgrade in two months