News
UK Treasury publishes financial stability reforms
The UK Treasury on Tuesday further outlined plans to strengthen financial stability and protect depositors.
Bahrain's governor appoints new adviser
Rasheed Al-Maraj, the governor of the Central Bank of Bahrain, has appointed Michael Taylor, a former head of banking policy at the Hong Kong Monetary Authority (HKMA), as his adviser.
BIS calls for countercyclical framework
The Bank for International Settlements (BIS) has called for regulators and central banks to work together to limit procyclicality.
Candidates touted to succeed BIS's Knight
Jaime Caruana, the director of the monetary and capital markets department at the International Monetary Fund (IMF) and a former governor of the Bank of Spain, is reported to be the frontrunner to replace Malcolm Knight, the outgoing general manager at…
Canada to accept US Treasuries for the first time
The Bank of Canada will accept US Treasuries as collateral for the first time ever on Monday.
Egypt hikes rates to combat rampant inflation
The Central Bank of Egypt hiked its benchmark rate half a point and its discount rate a full percentage point on Thursday in a bid to combat inflation, now at a 19-year high.
Estonia circulates improved notes
The Bank of Estonia on Thursday released into circulation new EEK25 ($2.52) and EEK500 ($50.30) notes with enhanced security features.
Taiwan raises rates
Taiwan's central bank has increased its key policy rates by 12.5 basis points each as part of a raft of monetary policy measures aimed at controlling inflation, which is now at a seven-year high.
US regulator approves Basel II for smaller banks
The Federal Deposit Insurance Corporation (FDIC), one of the US's regulatory agencies, on Wednesday approved a version of the Basel II framework designed for the country's smaller banks.
HKMA shuffles executive directors
The Hong Kong Monetary Authority (HKMA) on Thursday announced two new executive director appointments.
NY Fed revamps organisational structure
The New York Federal Reserve on Thursday announced a raft of changes that will see the creation of two new groups and the promotion of three officials to the role of executive vice-president.
Fed keeps rates on hold
The Federal Open Market Committee (FOMC) opted on Wednesday to hold rates for the first time since August following a sequence of eight straight cuts.
Poland raises rates a quarter point
The National Bank of Poland increased rates by a quarter point on Wednesday.
Norwegian rates rise to five-year high
Norges Bank has increased its benchmark rate by a quarter point to 5.75%, its highest level since January 2003.
Saudi governor confirms GCC currency plan changes
The Gulf Cooperation Council (GCC) looks set to drop its 2010 target for monetary union after the governor of the Saudi Arabian central bank said that it would take longer than two years to establish a common currency.
SWFs involved in Barclays's £4.5 billion share off
Two sovereign wealth funds will invest a combined amount of almost £2 billion (£3.93 billion) in Barclays, the bank said on Wednesday.
ECB fails to find builder for new headquarters
The European Central Bank (ECB) said on Wednesday that it had closed its tender for the construction of its new headquarters as contractors' estimates were well above what the central bank had budgeted for.
Former Indonesian governor stands trial
Burhanuddin Abdullah, the former governor of Bank Indonesia who is facing corruption charges, appeared in court on Wednesday.
India acts on double-digit inflation
The Reserve Bank of India on Tuesday made its second emergency rate increase this month, raising borrowing costs by half a point after inflation reached a 13-year high last week.
Tussle forces Tokyo to drop Ikeo nomination
Japan's ruling party will abandon its bid to appoint Kazuhito Ikeo to the Bank of Japan's rate-setting council after the opposition said it would no longer support the move.
Knight departure prompts BIS governance queries
A leading German daily has questioned the integrity of the Bank for International Settlements (BIS) after it emerged that Malcolm Knight, the departing general manager, will not take gardening leave before joining Deutsche Bank, a leading global bank.
Czechs hit out at financial disclosure reports
The Czech National Bank has warned that publication of senior employees' financial positions is illegal after press reports emerged detailing the expenditures of senior staff members.
Central bank took too long to hike: Polish PM
Donald Tusk, Poland's prime minister, has criticised the country's central bank for failing to hike rates sooner to curb inflation.
RBI will act to curb double-digit inflation: Reddy
Y.V. Reddy, the governor of the Reserve Bank of India, indicated on Monday that the central bank would move to counter inflation, now at a 13-year high.