News
Nigeria's president approves CBN appointments
President Olusegun Obasanjo has approved the appointment of five new non-executive directors to the Board of the Central Bank of Nigeria following the expiration of the terms of the former members.
Crisis solved, but Reserve still political
According to this article published on Saturday 3 December, the Howard Government has practised classic crisis management on its problem with the Reserve Bank of Australia's board. This protects the Government and the Reserve Bank from further…
Interview with Bank of England's Walton
Speaking in an interview published on Wednesday 30 November, the most recent member of the Bank of England's Monetary Policy Committee, David Walton, said the Bank of England should not rush to move interest rates until it has a clearer idea of whether…
State Bank of Pakistan governor retires
The governor of the State Bank of Pakistan, Dr Ishrat Husain, retired on Thursday 1 December. Tawfiq A. Husain was appointed as acting governor with effect from Friday and till the appointment of a regular governor.
Interview with Brandon Davies on risk management
In an interview published on Thursday 1 December, Brandon Davies, managing director of the Global Association of Risk Professionals, speaks about the implementation of Bank Indonesia's five year training program to raise risk management standards.
Proposal for BOJ's next-generation RTGS project
The Bank of Japan has released a consultation document on the proposal for the next generation of the BOJ-NET Funds Transfer System.
MAS says regulatory framework fundamentally sound
The Monetary Authority of Singapore has defended Singapore's regulatory framework, saying that it is fundamentally sound.
BoT should regulate payments, says committee
According to a government committee on electronic transactions, the Bank of Thailand should have the authority to regulate the electronic payment business.
Buba, BaFin, Bank of Italy sign agreement
The Bundesbank, Germany's financial watchdog BaFin and Italy's central bank Banca d'Italia have signed an agreement to cooperate in the regulation of Unicredito Italiano SpA following its takeover of HVB Group, according to a statement published by BaFin.
Trichet tight-lipped on future of ECB rates
European Central Bank president Jean-Claude Trichet declined to comment on Friday 2 December on the possibility of further rises in euro zone interest rates.
ECB Council Members back rate decision
European Central Bank council members Christian Noyer, Axel Weber, and Klaus Liebscher came out in defense of Thursday's decision to raise eurozone interest rates, saying it won't hurt economic growth.
RBA's Gerard resigns from Board
Australian businessman Robert Gerard resigned from the Reserve Bank of Australia's interest rate setting Board on Friday 2 December, four days after reports he had to pay $150 million ($111 million) to settle a tax dispute.
ECB raises rates, but says no series planned
The European Central Bank raised its main interest rate, for the first time in five years, by 0.25% to 2.25% on Thursday 1 December in a move that had been widely expected.
Mizuno says BOJ should shorten policy debate
Bank of Japan board member Atsushi Mizuno said in a speech the BOJ should not spend too much time debating over policy with the government or financial markets to avoid being "late" in shifting policy.
Document shows plan to shake up EU payments system
The European Union's payments system is set for a wide-ranging overhaul to cut down on the cost of cross-border transactions and save up to 100 billion euros ($117.7 billion), a European Commission document quoted by Reuters showed on Thursday 1 December.
China says revaluation to slow reserves rise
The rapid build-up in China's foreign exchange reserves should slow following the revaluation this year of the renminbi, the People's Bank of China said on Wednesday 30 November.
Snow says Europe could perform better
U.S. Treasury Secretary John Snow said Thursday 1 December G7 finance ministers would discuss a familiar list of subjects at their meeting this weekend, including slow growth in Europe.
Former RBA chief says Gerard should quit
Former Reserve Bank of Australia Governor Bernie Fraser said RBA board member Robert Gerard should resign after a report he had to pay A$150 million (US$111 million) to settle a tax dispute.
BoE's Walton sees no rush for rate move
David Walton, the newest member of the Bank of England's Monetary Policy Committee, told the Times that inflation could easily remain above the Bank's 2 percent target for some months while economic growth seemed to have recovered somewhat.
ECCB to host development conference
The St. Kitts-based East Caribbean Central Bank (ECCB) has announced it will be hosting its ninth annual development conference on Thursday 1 December in the Sir Cecil Jacobs Auditorium at the ECCB Headquarters.
FSF meets with the hedge fund community
The Financial Stability Forum (FSF) recently convened two informal workshops of senior members of the hedge fund community, their counterparties, and financial authorities.
Riksbank research on exchnage rates
Sweden's Riksbank has initiated cooperation with a number of external researchers as a complement to the bank's regular research to make a broader, more in-depth analysis of the development of the Swedish krona and its determinants.
BOJ deputy suggests 1% inflation benchmark
Bank of Japan deputy governor Kazumasa Iwata said the consumer price index needs to show a year-on-year rise of 1 pct over a period of 1-1/2 to two years to ensure that deflation is defeated, the Nikkei News Service reported.
ECB's Bini Smaghi says rates could rise
The European Central Bank could raise its official interest rate to 2.25 pct from 2.00, when the bank's governing council meets tomorrow, said ECB executive Lorenzo Bini Smaghi on Wednesday 30 November