News
Bank of Canada sees end to recession
Central bank brings forecast forward with positive third quarter predicted
Bankers warn against financial protectionism
IIF sees risk as a result of national governments’ efforts to restore confidence
US regulators stake their claim
Barack Obama’s plans give too much to the Federal Reserve say Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission (SEC) chiefs
Basel-based CPSS broadens membership
Central banks of Australia, Brazil, China, India, Mexico, Russia, Saudi Arabia, South Africa and South Korea to join the Committee on Payment and Settlement Systems (CPSS)
Tripartite governors first meeting
Governors of People’s Bank of China, Bank of Japan and Bank of Korea hold first annual summit
Emerging Asia already in recovery
Asian Development Bank sees strong recovery ahead for Asia’s emerging markets in 2010
Kenya paves way for recovery with loosening
Central Bank of Kenya’s cuts to its cash reserve ratio and benchmark rates seen as bold moves
CentralBanking.com’s subscribers back Bernanke
More than 70% of voters in favour of Ben Bernanke being reappointed Fed chairman in 2010
Svensson: aim inflation expectations above target
Lars Svensson, one of the defenders of inflation targeting, says above-target inflation needed to spur employment
Richmond Fed hires new general counsel
Richmond Federal Reserve names Michelle Gluck as new chief legal officer
Payments end-users bemoan lack of Sepa dialogue
Payment Systems End User Committee (EUC) labels consultation on the Single Euro Payments Area insufficient
British PM slams plans to soup up Bank role
Gordon Brown labels Conservative Party proposals to disband FSA and hand supervision to the Bank of England “wrong”
HK, Singapore, Malaysia to devise deposit-insurance exit
Hong Kong Monetary Authority, Bank Negara Malaysia and Monetary Authority of Singapore set up group to work on deposit-insurance exit strategy.
Lithuania’s Sarkinas gloomy on banking outlook
Central bank governor believes banking industry’s pain will intensify
Mexico clamps down on bank charges
Bank of Mexico steps up consumer protection with measures promote transparency and competition
Bernanke details Fed exit strategy
Reserve balances key, but Fed chairman fears political interest in fund recipients
Goodyear and Temasek part, strategy differences blamed
Temasek says Chip Goodyear will not be taking over as the new CEO
Korean sovereign fund eyes stock switch
Portfolio at Korean Investment Corporation will be half equities
UK public borrowing soars to June high
Public-sector borrowing soars to £13 billion from £7.5 billion in June 2008 on back of financial rescue
New York Fed appoints new executive vice president
Susan Ward Mink to head human resources department
Marcus named as new SARB head
Former deputy to take over after Tito Mboweni turns down third term
Tories would cull the FSA
Tory opposition plans end to UK’s single regulator
Recession-hit Turkey cuts rates
Central bank surprises markets with a half-point reduction
CPSS and IOSCO to revamp clearing guide
Infrastructure experts and regulators to look at applying 2004 recommendations to OTC markets