News
Hedge funds vs. central bankers
This article from the Los Angeles Times Service, published Wednesday 21 June, asks what on earth is going on with world stock markets?
Former Fed vice chairman joining Swiss Re
Former Federal Reserve vice chairman Roger Ferguson is joining global reinsurance company Swiss Re in a senior executive position, the company announced on Monday 19 June.
Trichet will 'fiercely' defend ECB independence
European Central Bank president Jean-Claude Trichet told the European Parliament on Wednesday 21 June that he will "fiercely" defend the independence of the ECB.
What central banks are doing to raise interest
This article published Wednesday 21 June looks at central bank websites, saying that at their best the world's central banks are showing how a website can be used to provide information for a range of audiences.
Ignore cryptic central bankers at your peril
According to the article "Ignore at your peril the cryptic prophecies of central bankers" by William Keegan, published by The Observer on Saturday 17 June, with the world's stock markets suffering from an attack of the jitters, the role of central…
Two governors at the Central Bank of Kenya?
According to the article "Shall we end up with two 'governors' at the central bank?" published by The East African Standard on Friday 16 June, Kenya's Minister for Finance has made a significant pronouncement regarding the future management of the…
Fed's Olson named chairman of PCAOB
Federal Reserve governor Mark Olson was named on Monday 19 June as head of the Public Company Accounting Oversight Board, a U.S. watchdog that polices corporate auditors.
Senate approves Kohn as Fed vice chairman
The U.S. Senate approved the nomination of Federal Reserve governor Donald Kohn on Monday 19 June, to be vice chairman at the US central bank.
Single central bank an option for Caricom
An economist has said that a single central bank is an option worth exploring within the Caribbean Community (CARICOM).
Fukui: 'I am very very sorry'
Bank of Japan chief Toshihiko Fukui apologised to the nation Tuesday 20 June and said he would take a 30% pay cut for six months. He also said the bank has set up a committee to review rules for its officials' assets.
Poll result says Fukui should quit
Nearly half of the respondents to a poll by Kyodo News Service said Bank of Japan governor Toshihiko Fukui should step down from his position, the news agency reported.
Summers against inflation targets
Former US treasury secretary Lawrence Summers said on Friday 16 June that the Federal Reserve should not adopt any explicitly rule-based monetary policy regime.
BOJ's Noda sees turning point for economy
Tadao Noda, the most recent member of the Bank of Japan's policy board, said on Monday 19 June that Japan's economy and monetary policy are at a "turning point."
BOJ urged to strengthen rules
Japanese ruling and opposition lawmakers called on the Bank of Japan on Sunday 18 June to introduce asset disclosure rules following the BOJ chiefs admissions to holding a scandal-tainted investment.
Hoenig says imbalances spell slow-motion crisis
The United States faces a "growth crisis over time" from its large and persistent current account balance, Thomas Hoenig, president of the Kansas City Federal Reserve Bank, said on Friday 16 June.
Interview with SNB's Hildebrand
In an interview with Swissinfo, published on Thursday 15 June, Swiss National Bank governing board member Philipp Hildebrand said the recent interest rate increase is unlikely to be the last.
Fukui earned 'some million yen' from Murakami fund
Bank of Japan governor Toshihiko Fukui said Friday 16 June that he made millions of yen in profit from his investment in the fund of Yoshiaki Murakami that prompted some calls for his resignation.
Bank of Japan scandal last thing Japan needs
According to this article by Bloomberg, published Friday 16 June, the Bank of Japan risks getting in the way of an economic recovery again, with a political scandal.
Fed's Kroszner says inflation is less comfortable
Federal Reserve governor Randall Kroszner said on Thursday 15 June that broad measures of U.S. inflation are rising to less comfortable levels and the Fed will keep monitoring price pressures.
Reserve Bank of Fiji chooses LogicaCMG system
The Reserve Bank of Fiji (RBF) has contracted with LogicaCMG for the supply and implementation of an interbank real time gross settlement (RTGS) platform.
Juncker issues icy reply to Trichet
Jean-Claude Trichet, the European Central Bank president, has been sharply criticised by Jean-Claude Juncker, Luxembourg's prime minister, in an interview with Financial Times Deutschland, for refusing to discuss strengthening economic co-operation…
EU confirms Slovenia's 2007 euro entry
EU leaders ended their spring summit Friday 16 June by welcoming Slovenia as the 13th member of the euro single currency.
Letter to the FT from Irma Rosenberg
In a letter published by the Financial Times on Thursday 15 June, Irma Rosenberg of the Swedish Riksbank says inflation targeting as practised by many central banks has undoubtedly been very successful.
Official: China banks must improve risk management
China's commercial banks need to improve their risk management and internal controls, the official Financial News reported, citing a senior official with the central bank's investment arm, Central Huijin.