News
BoJ’s Miyao pledges continuity of settlements system during planned blackouts
Bank of Japan Policy Board member Ryuzo Miyao says in-house power generation at central bank branches would support settlements systems ahead of planned power shortages
New deputy governor for the South African Reserve Bank
Director-general of South African treasury Lesetja Kganyago to move to Sarb in May
Bank of Finland reports €283 million profit
Bank of Finland experiences fall in profits as funds transferred to risk provision rise; central bank's governing body redirects increasing share of profits to government
Portuguese CDS spreads climb after austerity measures voted down
The EU prepares itself for another sovereign bail-out after Portuguese parliament rejects tax rises and budget cuts
BoE's chief economist says global inflationary pressures prompted rate hike vote
Bank of England chief economist Spencer Dale says risks associated with global price pressures and prolonged periods of inflation were behind call to raise interest rates
China and HK central banks close to finalising new CNH clearing arrangement
Market participants are close to completing the legal and operational details relating to a new custodian account arrangement that would allow the city's participating banks in offshore renminbi to take credit risk against the People's Bank of China…
OpRisk USA: Dodd-Frank clouds Basel III implementation
Requirement to remove credit ratings causing a headache for regulators
BoE's Haldane: pay bankers in CoCos
Bank of England executive director for financial stability Andrew Haldane says contingent capital bonds should be made an element of bankers' pay
Shift in central banks' attitude key driver of gold sentiment
World Gold Council's Natalie Dempster says central banks' renewed fondness for bullion was biggest driver of market trends in 2010
EBA appoints first executive director
Ex-Hungarian Financial Supervisory Authority chairman Adam Farkas confirmed as executive director of European Banking Authority
Establishment of Southern African currency union delayed: Sarb’s Mminele
South African Reserve Bank deputy governor Daniel Mminele says timeline for adoption of Southern African Development Community single currency will be reviewed
Central banks’ gold purchases continue; 20-year selling trend bucked
Official sector continued to be net buyers of bullion in three months to January; figures confirm that central banks were net buyers for first time in 20 years in 2010
Future of macro policy far from set, says IMF’s Blanchard
Exploration is the order of the day, IMF chief economist Olivier Blanchard claims; predicts central role for behavioural economics
BoE rate-setters split four ways once more
Bank of England’s Monetary Policy Committee minutes shows three members continued to vote for rate hikes despite downward revision in fourth quarter of 2010 growth figures
IMFC names Tharman Shanmugaratnam as new chair
Singapore’s finance minister and former central bank head succeeds Youssef Boutros-Ghali, Egypt’s former finance minister
Fed profits soar to record $82 billion
Federal Reserve posts another record profit, trumping 2010 by $28 billion; $79 billion transferred to Treasury
Ireland’s chief regulator gets tough on corporate governance
Chief regulator Matthew Elderfield says poor governance exacerbated by cosy nature of corporate life in Ireland
Barclays shows interest in Maiden Lane II assets: reports
Reports that Barclays may consider an offer for residential mortgage-backed securities held in New York Federal Reserve’s Maiden Lane II portfolio could thwart AIG bid
Hungary revamps inflation report
National Bank of Hungary says enhancements will improve efficiency of monetary policy communications
SNB signs MoU on membership to Bank Council
Federal Department of Finance and the Swiss National Bank sign Memorandum of Understanding on criteria for appointments to central bank’s governing body
FSB criticises industry for lack of progress on risk disclosure
Financial Stability Board says more action needed on liquidity, counterparty, structured credit disclosure practices
ESRB discusses regulatory division of labour; names external experts
European Systemic Risk Board’s second meeting covers how regulatory responsibilities will be split; Balcerowicz, Brunnermeier and Wyplosz among external experts
US Treasury to offload $142 billion in agency MBS
US Treasury announces plans to wind down portfolio of agency securities bought from beleaguered Fannie Mae and Freddie Mac during crisis; move not expected to impact Fed policy
Basel Committee may adjust 'blunt' CCP default fund capital
Netting treatment in controversial current exposure method is up for discussion at an April stakeholder meeting, but regulators reject other criticisms