News
Kenya, SA hold rates, flag recovery
Central Bank of Kenya and South African Reserve Bank relatively upbeat on growth
Finland names new communications head
Chief dealer to take on the role from next month
Move beyond price stability: IMF to central banks
Monetary policy not to blame for crisis but International Monetary Fund argues bubbles possible to predict
GIC cuts Citi stake
Fortunes contrast with those of Temasek, Singapore’s other sovereign fund
British PM says Tobin tax worth a look
Controversial tax mooted by Britain’s head regulator worth consideration, says Gordon Brown, though problems with tax havens must be solved first
Korea to follow Israel’s lead and hike?
Report suggests Bank of Korea considering tightening
IMF board backs gold sales
International Monetary Fund members agree to sell an eighth of the organisation’s gold
ECB’s Tumpel-Gugerell presents path to better banking
European Central Bank executive board member spells out how banks’ business models need to change
Influential senator wants US supraregulator - report
Senate Banking Committee’s Chris Dodd wants four American supervisors to merge into one, says report
Turkish premier queries central bank’s autonomy
Recep Tayyip Erdogan says he disapproves of Central Bank of Turkey’s autonomy
Fed to intervene on pay, UK minister dismisses bankers’ “talent”
Federal Reserve to have authority on compensation, Wall Street Journal reports as British minister says bankers undeserving of high rewards. Moves part of global outcry over bankers’ bonuses
Bonds best way for business funding: Bank data
Bank of England data on lending conditions suggests big business better off raising funds through debt markets than through borrowing
Leaning against the wind not enough: Chile’s De Gregorio
Governor of Central Bank of Chile cites collision between financial and price stability objectives as reason why interest rates cannot be used to burst bubbles
US Treasury ends money market guarantee
The program served its purposes of fomenting stability, and is being retired as the risk of a meltdown has passed, says Treasury secretary Geithner
Shirakawa, Fed’s Yellen and FSA’s Turner join G30
Group of Thirty adds heads of Bank of Japan, San Francisco Federal Reserve and Britain’s Financial Services Authority to its roster
Basel proposes home-host fix
Basel Committee on Banking Supervision devises solutions to cross-border bank issue
Aussie dividend highest in history on bumper profit
Reserve Bank of Australia to pay record dividend in its 49-year history after profiting from currency gains
Temasek profits slide
Profits down 66% after bleak year for Singapore’s sovereign wealth fund
Japan says economy "showing signs of recovery"
Monetary policy statement takes a cautiously optimistic outlook in comparison to preceding months
Ireland to spend €77 billion on bad banks
Ireland’s finance minister Brian Lenihan says funds will be split between five institutions
Fed’s Hoenig outlines resolution schema for too-big-to-fail
Kansas City Federal Reserve’s Thomas Hoenig and two economists prepare legal process for failure
FSA and SEC to cooperate on hedge-fund rules
Financial Services Authority and Securities and Exchange Commission agree to cooperate on reporting and other regulatory requirements for hedge funds
Fiscal measures must be taken off central banks’ books: IMF
International Monetary Fund’s executive board wants all quasi-fiscal activity to be moved onto government balance sheets
Bernanke optimistic regulatory overhaul will happen
Federal Reserve’s Ben Bernanke “quite confident” that Congress will pass far-reaching financial reforms