News
Lending and investment operations split in Kuwait
Kuwait asks investment firms to apply for separate licences for lending and investment operations; mirrors “ring-fencing” in the United Kingdom
Bini Smaghi: Greece not our responsibility if it defaults
Executive board member tells Central Banking Greece's fate is in its hands; reprofiling dismissed on grounds that it would have "all implications" of a default
Fitch downgrades Cyprus over threat of Greek contagion
Fitch downgrades Cyprus three notches to A- amid concerns over Cypriot banking sector’s exposure to Greece
Afghan central bank reacts to critical report
Report unleashes criticism of central bank’s handling of Kabul Bank loan scandal; governor reacts angrily
Central Bank of West African States names new head
Former Ivorian minister Kone Tiemoko Meyliet is the new governor of the West African Central Bank
Barnier defends Basel III legislation
European commissioner Michel Barnier speaks out against reports suggesting drafted legislation of Basel III carries loopholes for financial conglomerates
Zero-policy rates 'ill-serve' emerging markets: BIS's Caruana
Bank for International Settlements general manager Jaime Caruana says near-zero interest rates are a disservice to emerging market economy borrowers
Tanzania jails two over central bank corruption scandal
First court cases heard after 2008 corruption scandal; two businessmen jailed
Central banks in 'uncharted waters', Lamfalussy tells ACI Congress
Former BIS chief recognises challenges facing central banks, but praises the ECB for its performance during the financial crisis
Fiji appoints new deputy governor
Acting deputy governor, Inia Naiyaga has role made permanent; spent nearly 37 years working at the bank
Fed took 'gamble' with QE: Reinhart
Federal Reserve former director of monetary affairs Vincent Reinhart pins volatile oil prices on Fed’s quantitative easing programme
Female IMF employees fire back at New York Times
IMF reject New York Times article; letter signed by 679 female employees says Fund is “not perfect” but is characterised by “dedication to professional excellence and ethical integrity”
OECD and South Africa to set up first African sovereign debt management centre
New centre will train African government officials in managing sovereign debt and set up a government debt database for the region
RBI wants new law to better regulate financial companies
Reserve Bank of India working group wants all large financial groups to be governed by new financial holding company structure; central bank would serve as regulator
Libyan SWF investments exposed
Leaked Libyan Investment Authority document offers insight into sovereign wealth fund's strategy
Lagarde confirms IMF candidacy, Brics unhappy
Finance minister of France throws her hat into the ring as candidate for next managing director of IMF; Brics condemn practice of choosing leader based on nationality
OECD calls for Fed and BoE to hike rates
OECD says close-to-zero policy rates in advanced countries are no longer needed; urges Federal Reserve and Bank of England to start raising rates
Ireland clears way for greater central bank power
New Bill allows central bank to step in when banks are “failing or likely to fail”; will be able to shift assets to other institutions or replace management at a troubled bank
RBA should cede control over senior pay, says Australian lawmaker
Australian senator Bob Brown calls for senior pay at Reserve Bank of Australia to be independently set by external panel; governor Glenn Stevens could see pay package cut
UK FSA’s handling of bank failure under review
Review of the British regulator’s report into the failure of Royal Bank of Scotland must assess whether report is “fair and balanced”; authority itself in line for close scrutiny
Fed veteran joins Barclays
Former Federal Reserve director of monetary affairs Brian Madigan appointed senior policy adviser at Barclays Capital
UK financial markets and policies under fire
Parliamentary hearings attack the Bank of England set-up, financial stability reform and commission proposals
Fed to kick off annual stress-testing programme 'towards end of the year'
FRB building models to compare and benchmark bank results from late 2011
BoE’s Tucker slams regulators over rating agency failures
Bank of England deputy governor Paul Tucker says mechanistic reliance on rating agencies was a great mistake