News
SARB’s Marcus reminds shareholders of responsibilities
South African Reserve Bank governor Gill Marcus says shareholders who try to profit from their stock ignore the greater good of the country
Major economies must heed Greece lesson: Carmen Reinhart
Co-author of This Time is Different warns sovereigns on debt sustainability
US, UK on the road to a downgrade: Moody’s
If the US and Britain cannot repair their balance sheets, the burden of servicing debt could cause them to lose AAA ratings, agency says
China’s Zhou not flustered by higher-than-forecast inflation
People’s Bank of China governor Zhou Xiaochuan keeps a cool head as inflation increases by more than expected spooking analysts and markets, says central bank will keep to plans
We must return to global bond markets: Malaysia’s Zeti
Bank Negara Malaysia governor Zeti Akhtar Aziz says the central bank has encouraged government to sell bills to foreign investors to keep name prominent
ECB to assist Bosnia’s bid for EU accession
European Central Bank will help Bosnian central bank improve key areas such as statistics and research to prepare for the country’s accession to the European Union
SNB, Finma set up stability steering group
Central bank and regulator intensify their collaboration on financial stability
Yellen to replace Kohn as Fed vice chair?
Obama administration likely to pick arch dove to replace Kohn
Brazil’s Meirelles faces renewed tax fraud allegations
Brazilian central bank chief Henrique Meirelles could be investigated for the second time on tax crimes after attorney-general’s office asks Supreme Court for a probe, Meirelles unfazed
Chinese inflation spike scares investors
Chinese consumer prices rise more than consensus forecast in February, sparking fears that the economy is overheating
We know better now: Canada’s Carney
Bank of Canada governor Mark Carney reviews lessons learnt as the central bank celebrates its 75th anniversary
Argentine governor clings on to job as politicians splinter
Argentine Senate postpones vote on rejecting new governor Mercedes Marcó del Pont to next Wednesday after opposition factions disagree
Rate round-up
Swiss, New Zealand, Korean and Peruvian central banks all opt to hold rates
Stelmakh to remain Ukraine chief for now
National Bank of Ukraine governor Volodymyr Stelmakh will remain in office for the time being having overstayed term limit by three months, according to new prime minister
Senators table Volcker rule legislation
Bill would ban prop trading for large banks and impose limits for big non-banks
Fischer offered second term: reports
Local media says premier Netanyahu has asked Bank of Israel governor Stanley Fischer to stay on
Buba’s Weber dismisses Volcker rule
Bundesbank president Axel Weber says Paul Volcker’s plan will have unanticipated effects and interfere with monetary policy transmission, says sticking with Basel II is best
Trichet keeps open mind on European Fund
European Central Bank president Jean-Claude Trichet says more details must emerge before making a firm decision for or against a European monetary fund
Harsher stress tests described in new FSA risk outlook
New stress scenarios to test banks' resilience to double dip recession
Canada names Longworth’s successor, deputy Duguay to retire
Bank of Canada appoints special adviser Jean Boivin as deputy governor to fill vacancy created by David Longworth’s retirement, Pierre Duguay also to leave the central bank
SNB reveals Stabfund portfolio
Swiss National Bank says Stabilisation Fund holds about 4,800 positions in five currencies, bulk of assets backed by real estate
SARB will not be nationalised: Treasury
South African finance minister Pravin Gordhan dismisses talk of placing the central bank under state ownership, condemns shareholders’ tactics to force state takeover
RBA’s Lowe latest to dismiss inflation target hikes
Reserve Bank of Australia assistant governor Philip Lowe says IMF paper’s suggestion of raising inflation targets not sensible, says higher targets would damage supply side
SEC chief economist quits for private sector
Securities and Exchange Commission head economist James Overdahl will start as deputy head of a Washington consultancy at the end of March