News
Basel, IADI issue deposit insurance guidelines
The Basel Committee on Banking Supervision and the International Association of Deposit Insurers (IADI) on Thursday published the final version of their global guidelines for deposit guarantee systems.
Swiss talk tough on franc appreciation
The Swiss National Bank has warned that it will continue to intervene in currency markets to prevent the appreciation of the franc.
UK chancellor eyes banks' corporate governance
Britain's top financial official will on Wednesday call on banks' boards to act as a first line of defence against future financial crises.
Obama proposals call for Fed governance review
Sweeping proposals for reforms to financial regulation released by the White House on Wednesday have called for a comprehensive review of the governance and structure of the Federal Reserve.
Kremlin wants revamp of SDR basket
The Kremlin has called for a radical shift in the composition of the basket of assets that comprise the special drawing right (SDR).
Norges Bank to tweet rate decisions
Norges Bank has begun using twitter, the social networking site, to communicate rate decisions.
Chile to keep rates at record low until mid 2010
The Central Bank of Chile has indicated that, contrary to market expectations, it is likely to keep rates at a record low of 0.75% until at least the middle of next year.
IMF upgrades US outlook
The International Monetary Fund (IMF) believes that the United States economy will grow next year.
Posen to join Bank's MPC
Adam Posen, a deputy director at the Peterson Institute, is to replace Tim Besley on the Bank of England's Monetary Policy Committee (MPC).
India names new deputy governor
Kamalesh Chandra Chakrabarty is the new deputy governor at the Reserve Bank of India.
Greece to study climate change
The Bank of Greece is to establish a group to study the economic impact of climate change.
Sri Lanka softens forex restrictions
The Central Bank of Sri Lanka on Tuesday said it would relax foreign-exchange restrictions on banks after pressure on the rupee abated.
What will Bric leaders discuss?
When leaders from the four biggest emerging-market economies meet in Russia on Tuesday and Wednesday, they will have plenty to talk about.
Obama wants Fed to monitor systemic risk - report
The US administration will reveal that it wants the Federal Reserve to regulate America's largest and most interconnected financial firms later this week, reports say.
Bank of Israel, fin min fall out over new law
The governor of the Bank of Israel has lashed out at what he sees as renewed attempts by the Israeli finance ministry to block the passing of a new central bank law.
Bank paper unveils new systemic-risk model
A paper published by the Bank of England on Monday has revealed a systemic-risk monitor that accounts for the relationship between liquidity risk and financial stability.
Latvia buys euros for first time since November
The Bank of Latvia bought euros for the first time in seven months last week after the lats gained on hopes that Riga would not have to devalue the currency.
China, Malaysia to use own currencies to trade
Trade between Malaysia and China will soon be conducted in ringgit and renminbi as well as dollars, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, said on Friday.
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.