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King refuses to aid markets

Mervyn King, the governor of the Bank of England, said on Wednesday that he believed providing additional liquidity against a wider range of collateral and over longer periods "sows the seeds of a future financial crisis".

Turmoil prompts supervision recommendations

New rules for conduits, special purpose vehicles (SPVs) and rating agencies must be introduced to stop another subprime crisis, according to several shadow financial regulatory committees. The Basel II framework must also be reassessed because of its…

Venezuela set to publicise new currency

The Venezuelan Central Bank will launch a nationwide campaign to familiarise consumers with its new notes and coins, which will come into circulation at the start of next year.

Bahrain's payment system a success

The Central Bank of Bahrain said that its real time gross settlement (RTGS) payment system introduced on 9 August, has "dramatically speeded up the flow of money", leading to a more efficient financial sector.

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