News
Italy’s Visco cautious over new austerity package
Deputy director-general warns Italy risks stagnating as global trade recovers
Trichet preaches sustainable long-term growth
Jean-Claude Trichet urges policymakers to aim for sustainable growth
UK banking reforms come under attack
Plans for reform of UK banking system labelled 'barking mad'
Lagarde calls for urgent action
Lagarde sets out plans for Europe, the US and on a global scale to support 'fragile' recovery
Sudan Central Bank seeks to build gold refinery
Central Bank of Sudan asks for tenders to construct a gold refinery in the country
Greece may not opt for debt swap
Greek authorities say they will not agree to private-sector involvement unless 90% of eligible government bonds are included in transaction
CPSS asks for help filling derivatives data reporting gaps
Committee on Payments and Settlements Systems releases OTC derivatives market report for comment; wants suggestions on addressing data gaps
RBI profits fall on low return from foreign assets
Reserve Bank of India reports a 20% decline in profits over the 12 months to June due to declines in income on foreign assets and higher expenditure costs
Bernanke disappoints in Jackson Hole speech
Fed chairman mentions range of tools available to “provide additional monetary stimulus” but gives no indication of employing them
ECB extends swap line agreement with BoE
The Bank of England and European Central Bank prolong swap line; new end date is September 28
Foreign central banks pile into Swedish government bonds
Central banks acquired 49% of the latest sale of government debt issued by The Swedish National Debt Office.
Costa Rica gold museum set to reopen
Central Bank supports $686,000 electrical upgrade; gold museum will reopen on September 3
Gaddafi may escape with central bank gold, says ex-Libyan governor
Former governor of the Central Bank of Libya Farhat Bengdara says Gaddafi may have run off with billions of dollars worth of gold; says Libyan leader attempted to sell bullion as bribe for security
Canada’s Macklem encourages G-20 action to avoid another ‘calamity’
Bank of Canada senior deputy governor, Tiff Macklem, urges G-20 to pick up the pace of reform
Sarb’s Marcus calls for unified commitment to recovery from Western leaders
South African Reserve Bank governor Gill Marcus says lack of confidence and trust leadership in US and Europe has undermined the global recovery
Nepal launches polymer banknote graft investigation
Parliament demands report from finance ministry and Nepal Rastra Bank; latest country to delve into Australian companies' discrepancies
BoE's Weale explains rate-raise vote change
Martin Weale explains decision to vote to hold rates; admonishes low UK savings records and discusses future monetary policy responses
Speculation intensifies over Bernanke's forthcoming Jackson Hole speech
Markets will be looking for signs of a third round of quantitative easing ahead of Fed chairman Ben Bernanke’s much anticipated speech at Jackson Hole, Wyoming, writes Blair Baker
Payments Council lambasted over cheques plan
Treasury Select Committee leaves damning verdict over Payments Council's original decision to abolish system for cheque clearance; says industry-led body should be more heavily regulated in future
Japan moves to halt yen gains with new facility
Japan’s finance minister Yoshihiko Noda reveals plans to set up $100 billion facility that will encourage companies to exchange yen for foreign currency assets
EBA to publish governance and op risk guidelines in September and October
EBA op risk specialist Bernd Rummel says the new European body has a busy schedule of work to implement CRD IV
Allan Meltzer awarded Truman Medal
American economist Allan Meltzer to become only the fourth person to receive the distinguished Truman Medal for Economic Policy
EU no-bailout rule must be strengthened, says Buba
German Bundesbank says eurozone bailout reduces incentive to commit to sound fiscal policy; calls for strengthening of no-bailout rule in EU treaty
PboC adviser calls for urgent reform in the West
People’s Bank of China adviser Li Daokui says Europe and the US must introduce further reforms to address their chronic economic problems