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Italy plans new financial regulator

Italian finance minister Giulio Tremonti has said he wants a new financial regulator which will have authority over whole spectrum of financial services to reduce risks of another Parmalat-type scandal.

BoE in court over handling of BCCI

The Bank of England finds itself in court over its handling of the Bank of Credit and Commerce International, which collapsed in 1991. But journalists should think twice before waxing self-righteous and indignant.

Bank of England falls prey to e-mail hoax

Hundreds of thousands of hoax e-mails have bounced back to the Bank of England. The e-mail asks recipients to download an attachment confirmed to hold a virus.

Drink-driving Duisenberg faces fine

Wim Duisenberg, the former president of the European Central Bank, tested two times over the legal limit when stopped by Amsterdam police for a breathalyser test. He is now due to appear in court.

Europe and the dollar

If the dollar retreat of 2003 turns into the rout of 2004, what will be the options facing policy makers? Soundings among Europe's senior central bankers suggest American officials are making a big mistake if they assume that in a dollar crisis they will…

Duisenberg at a discount

Despite a splendid send-off in October, including a blizzard of awards from European countries, the image of Wim Duisenberg, the former president of the ECB, is starting to fade, CentralBankNet can exclusively reveal.

2002 statistics for CPSS countries payment systems

This annual BIS publication provides data on payments and payment systems in the CPSS countries: Belgium, Canada, France, Germany, Hong Kong SAR, Italy, Japan, Netherlands, Singapore, Sweden, Switzerland, United Kingdom and the United States.

Minutes of BoJ monetary policy meeting

The Bank of Japan monetary policy board met on November 20 and 21. The members agreed that the economy was starting to recover gradually and voted unanimously to maintain the current guideline for money market operations with the target range of "around…

Is There a Digital Divide?

The new edition of the San Francisco Fed's "Economic Letter" asks whether the region enjoys an advantage over the rest of the US in terms of the digital literacy of the population.

FMC on the Bush Fed, capital flows & Beige Book

The Financial Markets Centre, an independent non-profit reserach centre which studies the work of the Federal Reserve has released three new papers, on the Fed during the "Bush II" era, the impact of the US capital account deficit, and an analysis of the…

Putting the square mile to the test

Now that the Bank of England can no longer be seen as the champion of the City to government, will London lose out as a financial centre? The Centre for the Study of Financial Innovation (CFSI) held a meeting of interested parties earlier this month to…

Dollar fall to hit central bank profits

The strength of the euro against the dollar is proving a double-edged sword for Europe's central bankers. The decline in the value of the dollar against the euro is likely to eat into the earnings of the central banks of Germany, Austria and the…

Big cutback at New York Fed

The New York Fed's Buffalo regional office has announced that it will cut 60 of its 130 jobs in a nationwide restructuring of its retail securities business, officials said on Thursday 18 December.

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