News
Canada sees more modest recovery
Bank of Canada downgrades growth forecasts slightly, says slack to remain until September 2011
Ireland names new chief regulator
Bermuda Monetary Authority governor will take up senior post at central bank
NY Fed sets out stall on reverse repos
New York Fed communicates workings of possible strand of exit strategy
Gulf officials call for UAE, Oman to rejoin monetary union
Members of the four states still involved in plans for single currency in the Gulf ask UAE and Oman to come back
Ireland hints at IMF intervention in bid to slash costs
Irish health minister Mary Harney suggests IMF will make drastic cuts if the government cannot rein expenditure in
BoE’s Posen backs governor on smashing up banks
Newest member of the Bank of England’s Monetary Policy Committee sees case for limiting bank size “full stop”
Hungary slashes rates for fourth time since July
Hungary’s central bank cuts base rate to 7%, fears inflation will be substantially below target
Crisis underlines democracy’s flaws: ECB’s Bini Smaghi
Short-termism inherent in democratic government led to the lax supervisory regimes that paved way for banks’ excesses, says ECB board member
Greenspan: too-big-to-fail didn’t exist until crunch
Former Federal Reserve chairman believed government would allow failure until government-sponsored enterprises were taken into conservatorship
No takers for Canada’s emergency operations
In a further sign that funding strains are easing, the Bank of Canada’s soon-to-be withdrawn emergency operations attract no bids
Ex-Fed’s Stern joins Finra board
Former president of the Minneapolis Federal Reserve to become Financial Industry Regulatory Authority board member
Turkish easing will inject $2 billion
Central Bank of Turkey says loosening of reserve ratio will free up $2.26 billion in permanent liquidity
Basel Committee: trading-book capital requirements to soar
Basel Committee says new trading-book rules will result in much higher capital requirements
Bank officials at odds over QE’s impact
Confidence of Bank of England’s executive director for markets appears to conflict with deputy governor’s ambivalence
Romanian central banker nominated as premier
Romania’s president picks governor’s adviser for prime minister
Turkey cuts, signals lower rates to come
Central Bank of Turkey chops half a point of benchmark rates
De Larosière: don’t rush regulatory reform
Former governor of the Banque de France warns governments against rapid change for the finance industry
What makes up the macroprudential toolkit?
Practitioners and supervisors discuss how supervisory policy will be made
Georgia to transfer supervision back to central bank
National Bank of Georgia to regain control of banking regulation in December just a year and a half after setting up of separate supervisor
New Zealand begins exit from extraordinary measures
Reserve Bank of New Zealand cancels two facilities and amends others as financial-market stress eases
Swaps a success: SNB economists
Swiss National Bank researchers say swap agreements were highly effective low-cost solution to currency mismatches
Buba upbraids board member after racist remarks
Thilo Sarrazin, a member of the board of the German central bank, has remit reduced after comments on Berlin’s Turkish and Arab communities
No way to tell if QE’s worked: BoE’s Bean
MPC will have to tighten gradually to avoid undershooting inflation target