News
Japan’s new finance minister says government will not interfere in BoJ policy
Japan’s newly appointed finance minister Yoshihiko Noda says current central bank stance is fine
Iceland, China sign $512m currency swap deal
Icelandic and Chinese central banks agree on currency swap to boost bilateral trade; move emphasises recovery of confidence in króna
Europe raring to go on CDS rules, bank taxes
Brussels praises the political dynamic behind move for tightened financial regulation as French president Nicolas Sarkozy and German chancellor Angela Merkel call on Commission to speed up work
Venezuela cautiously reopens forex markets
Central Bank of Venezuela introduces tough rules for new regulated foreign currency market; bond trades will be carried out on new system under central bank's watch
Iosco names new technical head
Dutch regulator Hans Hoogervorst will take the chair of Iosco's technical committee this week
Eurozone seals deal on bailout fund
European finance ministers come to agreement on bond guarantee facility to support continent’s crisis-hit countries; bond markets reassured by move
Kenya’s Ndung’u moves to allay fears over 'weakening shilling'
Kenyan central bank governor Njuguna Ndung’u says currency's ten-year low against dollar is a result of fallout from Greek crisis
Canada’s Carney praises ‘decisive’ ECB step
Bank of Canada governor Mark Carney lends support to European Central Bank’s disputed bond purchase programme; says fiscal, not monetary exit will be tricky
Ireland’s Honohan to criticise central bank’s role in crisis: reports
Irish media say report authored by central bank chief Patrick Honohan will charge his own institution and the financial regulator with having failed in the lead up to the country’s banking crisis
Argentina tightens rules on dollar purchases
Argentine central bank toughens regulation for large dollar buyers; says move not intended to limit access to market
G20 ditches controversial global bank tax
Finance ministers splinter on international banking levy, complicating individual countries’ promises to adopt a tax; group unites in call for Basel III to be completed by year-end
Sepa Council members meet for first time
Industry and central bank leaders meet to discuss end dates for migration and future of Sepa for cards at first official council meeting
HKMA appoints PBoC’s Mu as senior adviser
Former People’s Bank of China director general Mu Huaipeng joins Hong Kong Monetary Authority in bid to boost mainland ties
Taskforce to overhaul Asian post-trade framework
Central banks of Hong Kong and Malaysia team up with settlement systems firm Euroclear to create pilot common platform to improve central securities depository infrastructure
Sarb defends amendment bill against investor attack
South African Reserve Bank refutes press reports that its defence of amendment bill fell short; maintains that same investors keep causing trouble
New Japanese PM could pressure BoJ to loosen
Japan’s new prime minister and former Bank of Japan critic Naoto Kan hints at more accommodative monetary policy; analysts think central bank’s independence will not be affected
Indonesia's Nasution set to be made full governor
Bank Indonesia acting governor Darmin Nasution is likely to take on leadership officially after scoring sole nomination of the country's president; lawmakers view Nasution as a safe pair of hands
Sarb considering market operations overhaul
Deputy governor Daniel Mminele says South African Reserve Bank may make changes after encountering problems towards the end of last year
German economic strength 'a fallacy': Charles Dumas interview
The Lombard Street Research chairman tells Credit the German economy is far weaker than has been supposed
Pakistan’s governor quits; deputy named interim chief
State Bank of Pakistan governor Syed Salim Raza resigns; deputy governor Yaseen Anwar named acting head
Weber’s defiance could help or hinder: analysts
Bundesbank president Axel Weber’s maintenance of principled objection to European Central Bank bond purchases could swing either way in his bid to succeed Jean-Claude Trichet
German rumours of French pact with ECB display tensions
Coverage of German magazine article alleging European Central Bank's bond purchase programme was aimed at helping the French indicative of fertile breeding ground for conspiracy theories
Rate move highlights gap between Russia and other Brics
Country remains in expansionary mode while fellow emerging markets start tightening due to structural and circumstantial factors
Estonia on the lookout for dud euro notes
Bank of Estonia begins training staff from commercial banks and larger retailers to spot fake euro banknotes