News
ECB boosts transparency with new rules on ABS data
European Central Bank kick-starts work to implement enhanced data requirements for asset-backed securities, market participants overwhelmingly in favour of move
Abandon your ‘furious’ lobbying: Obama to banks
Obama warns banks’ lobbyists off descending on the Hill; laments Republican attacks
Cross-border lending extends slump: BIS
Bank for International Settlements says international lending fell by $385 billion in last three months of 2009, figures reveal fifth consecutive quarterly drop
Fed profits leap by 50%
Federal Reserve's profits shoot to $53.4 billion allowing record transfer of $47.4 billion to US Treasury; value of Maiden Lane vehicles climbs $5.6 billion after 2008 loss
Subbarao, Meirelles join chorus for stronger renminbi
Indian and Brazilian central bank heads urge Beijing to allow renminbi appreciation, but G20 finance heads not expected to corner China at ongoing Washington meeting
US authorities reveal new souped-up $100 note
Tilt security features for first time; Benjamin Franklin still the face of hoarders' favourite
Swiss tighten liquidity rules for biggest banks
Swiss Financial Market Supervisory Authority and the Swiss National Bank clamp down on UBS and Credit Suisse through stricter liquidity regime
Fund calls for two taxes on banks
Leaked IMF interim report suggests a broad levy, and a profits and salaries tax as contingency against the risk of future government bailouts; rejects Tobin tax idea
France names top brass for new financial regulator
Deputy general secretaries for Autorité de Contrôle Prudentiel announced
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
Weber denies mooting €80 billion figure for Greek bailout
Bundesbank president Axel Weber says the figure came from previous Greek estimates
UK FSA to formally investigate Goldman Sachs
Financial Services Authority begins official probe into claims that the investment bank defrauded its clients following SEC lawsuit
Buba's Weber says Greece will need up to €80 billion: reports
Bundesbank president Axel Weber reportedly tells German parliamentary group Greek bailout costs could soar
Canada scraps commitment to hold rates; signals hike
Bank of Canada drops conditional commitment to hold overnight rate at 0.25%; pledge one of a number made by central banks to soothe markets’ nerves
India hikes again as food price inflation catches on
Reserve Bank of India raises both repo and reverse repo rates by 25 basis points as headline inflation stops just short of 10%, draws $1.25 trillion out of system
Iceland's Guðmundsson laments lack of progress in regulation
Icelandic central bank governor says the promised regulatory overhaul has yet to transpire and institutions still do not have all necessary information to prevent a collapse
Six banks to vie for entry into Libya
Libyan central bank picks three Arab and three international banks to compete for two licences that will allow lenders to set up in the country according to state news agency
Junk bonds the way forward for China: ex-PBoC deputy
Former Chinese central bank vice-governor Guo Shuqing says new and small start-ups stand to gain from the issuance of non-investment grade debt
Finland's Salo to step down
Bank of Finland board member to depart in October
Greece takes grudging step towards bailout
Greek government initiates procedures concerning proposed $40 billion rescue with eurozone and IMF, problems anticipated in joint effort
Thailand likely to postpone hike as protests turn bloody
Bank of Thailand will put off rate normalisation till June in order to soothe markets rattled by clashes between anti-government protestors and army, say analysts
Sheikh Hamed replaces brother as Adia managing director
Sheikh Hamed bin Zayed al-Nahyan takes over Sheikh Ahmed’s role at helm of Abu Dhabi Investment Authority
FSA names new consumer education chief
Supervisor picks pensions regulator head Tony Hobman to lead new consumer financial education body
Azerbaijan central bank pushes to privatise banks
Central bank chairman Elman Rustamov outlines plans to privatise the Azerbaijan’s banking sector