News
Ex-Indonesia governor gets two years
Syahril Sabirin, a former governor of Bank Indonesia, will face two years in jail after the country's highest court overturned a verdict given seven years ago.
Ex-Fed's Volcker backs global currency
Paul Volcker, a former Federal Reserve chairman, on Thursday argued that the "ultimate logic" of an international financial system was a world currency, but acknowledged that there were no credible alternatives to the dollar for "many tomorrows".
Bosnia, Turkey sign supervisory MoU
The central banks of Bosnia and Herzegovina and Turkey have agreed to share information on banks operating in both jurisdictions.
Mexico to contribute more to IMF: Ortiz
Guillermo Ortiz, the governor of the Bank of Mexico, has said that the country will contribute more to International Monetary Fund (IMF) coffers in future.
Fed emails point to BoA pressure on Merrill deal
Emails sent by Federal Reserve officials and subpoenaed by government investigators appear to back claims that Ben Bernanke pressurised Bank of America to go ahead with its takeover of investment bank Merrill Lynch after the bank attempted to back out of…
Lithuania's Sarkinas parries currency concerns
Reinoldijus Sarkinas, the governor of Bank of Lithuania, has said that the country's economy is on a much sounder footing than Latvia in an attempt to soothe fears that a devaluation by its Baltic neighbour would threaten regional stability.
Zuma names Mminele as new SARB deputy
Daniel Mminele will become a deputy governor at the South African Reserve Bank at the beginning of next month.
Fed's supervision head to step down
Roger Cole, the director of the Federal Reserve's division of banking supervision, and regulation is to retire after 30 years at the central bank.
Argentina halts some dividend payouts - report
The Central Bank of Argentina has reportedly asked some banks to stop paying dividends to shareholders after stress tests revealed banks could require more capital.
Basel Committee expands membership
The Basel Committee on Banking Supervision on Wednesday expanded its membership to include all G20 countries.
Krugman hints at inflation remedy to fix crisis
Reducing the real value of debt burdens by stoking inflation is possibly the best bet to spur a global economic recovery, Paul Krugman, the Nobel laureate, said on Tuesday.
Riksbank raids euro swap line to shore up stabilit
The Riksbank on Wednesday said it would tap €3 billion ($4.2 billion) from a swap line set up with the European Central Bank (ECB) to ensure it was "well-prepared to continue safeguarding stability."
Bank announces stability committee members
The Bank of England on Wednesday named the non-executive directors who, along with senior Bank staff, will sit on the new Financial Stability Committee.
Europe's ACHs bemoan Sepa's slow start
Europe's leading automated clearing houses (ACHs), which process and route payments, hit out at the lack of progress on the Single Euro Payments Area (Sepa) on Wednesday and called for an end date for national standards to hasten its implementation.
Krugman: there is a liquidity trap, we're in it
In the first of a three-night stint at the London School of Economics, Paul Krugman sounded the death knell for economists' faith in monetary policy as a means of avoiding depressions.
Ten to repay Tarp but COP wants more stress tests
The US Treasury on Wednesday said it will allow ten banks to repay government funds after stress tests showed that they held enough capital to see out the crisis.
UK eyes 2018 cheque-out
The UK is moving towards closing cheque clearing within a decade, Paul Smee, the chief executive of the UK Payment Council, told an industry conference in London.
Better plumbing can stabilise system: BoE's Tucker
Paul Tucker, a deputy governor at the Bank of England, has said that more widespread use of more open methods of trading would enhance the resilience of the financial system.
Ireland's rating downgraded for the second time
Ireland's sovereign credit rating with Standard & Poor's has dropped another notch on concerns connected to the rescue of the Irish banking system.
Sell yuan bonds: China banker to US, World Bank
Guo Shuqing says Washingtom, World Bank should offer yuan-denominated bonds
Russia could float rouble next year
The rouble may switch to a free float before 2011, a senior official at the country's central bank said at the weekend.
Lat Am's progress highlighted by crisis: BIS
The development of Latin America's financial markets and policymakers' enhanced credibility have been underscored by the region's ability to withstand the worst ravages of the crisis, a paper published by the Bank for International Settlements (BIS) said.
BoE looks to expands unconventional operations
The Bank of England has indicated that it wants to extend its quantitative easing programme to cover secured commercial paper.
SDR a better global currency: IMF's Lipsky
A senior International Monetary Fund (IMF) official has said that its Special Drawing Right (SDR) is a viable global reserve currency with many benefits.