News
What makes up the macroprudential toolkit?
Practitioners and supervisors discuss how supervisory policy will be made
Georgia to transfer supervision back to central bank
National Bank of Georgia to regain control of banking regulation in December just a year and a half after setting up of separate supervisor
New Zealand begins exit from extraordinary measures
Reserve Bank of New Zealand cancels two facilities and amends others as financial-market stress eases
Swaps a success: SNB economists
Swiss National Bank researchers say swap agreements were highly effective low-cost solution to currency mismatches
Buba upbraids board member after racist remarks
Thilo Sarrazin, a member of the board of the German central bank, has remit reduced after comments on Berlin’s Turkish and Arab communities
No way to tell if QE’s worked: BoE’s Bean
MPC will have to tighten gradually to avoid undershooting inflation target
Ireland’s Honohan: restore, not reinvent
Governor uses first speech to hark back to 2000 as benchmark for Irish economy
Zim finance minister promises new central bank law
New reform bill will bring to a close quasi-fiscal activities when it is passed, says Tendai Biti
Sri Lanka holds rates steady
Central Bank of Sri Lanka continues policy of gradual easing of credit conditions
Dutch central bank takes over floundering DSB
The Netherlands Bank takes control of teetering domestic lender Dirk Scheringa Beheer after consortium talks fail; says it will guarantee deposits
Cautious MAS maintains zero appreciation policy
The Monetary Authority of Singapore pledges to maintain its policy of zero appreciation [of the Singapore dollar’s nominal exchange rate] as confidence in global rebound wanes
Nigeria’s banking landscape set to change: Sanusi
The governor of the Central Bank of Nigeria says the ongoing clean-up will lead to a reduction in the number of large banks
Nobel prize for pioneers of economics governance
Swedish Academy of Sciences shuns orthodoxy to award 2009 prize for work on institutions not markets
Canada taking “hard look” at price-level target
Bank of Canada’s Paul Jenkins says central bank undertaking “considerable study” on pros and cons of price-level targeting
Buba to be sole banking regulator
Germany’s incoming coalition government strips Bafin, the country’s financial services authority, of remit to regulate banks
Summers says crisis won’t hit potential growth
White House adviser Larry Summers says he expects growth to fully recover, optimism contrasts with eurozone outlook
UK opposition leader interferes in Bank policy
David Cameron, leader of the opposition Conservative party, says “the government” will have to stop printing money
British FSA gets tough on liquidity
Financial Services Authority’s Sally Dewar says banks will have to hold more liquid assets to cut out social costs of crisis
IMF disputes reserves’ role in shoring up stability
International Monetary Fund says large reserves stockpile didn’t help weather the crisis
Asian central banks propping up dollar: reports
Central banks buying dollars to prevent local currencies from appreciating against greenback
Estonia to meet eurozone inflation target by end of 09
Baltic state “eager and willing” to fulfil Maastricht criteria, says central bank economist
Lats peg under spotlight once again
Rumours of devaluation resurface following government move to limit debt burden, but state officials say will maintain euro peg
Trichet sees “pressing need” for fiscal responsibility
Announcing that interest rates would be kept unchanged, ECB president calls for governments to formulate realistic exit strategies
Officials must prepare for higher US saving: Geithner
Acknowledgment needed that American savings rates will be higher post crisis, US Treasury secretary Tim Geithner warns