News
Indonesian cbank ponders Standard Chartered fine
NEWS - Bank Indonesia has agreed to look again at fines levied for breaches of forex dealing regulations after Standard Chartered complained the penalites were excessive in response to "operational errors" which had been quickly corrected.
First council members for Montenegran central bank
NEWS - the new central bank council for Montenego's fledgling monetary authority was appointed on 15 March by the Montenegrin assembly. It includes current deputy prime minister Ljubisa Krgovic.
Philippines to hit inflation target
NEWS - Philippine Central Bank Governor Rafael Buenaventura has said that he expects the central bank confortably to meet the 6% - 7% inflation target set by the Philippine government.
Central Bank of Russia rebuts accusation
NEWS - The Russian central bank has denied any involvement in the erroneous transfer of 2m dollars by the American Bank of New York to the Nizhegorodets bank, according to a recent Interfax news report.
Paraguay president asks cbank board to resign
Paraguayan President Luis Gonzalez Macchi, who has shuffled his Cabinet in a growing political and economic crisis, has also asked the central bank board to resign, bank president Washington Ashwell said on Mar 15, 2001.
ECB agrees 10% increase of euro notes production
The European Central Bank on Mar 15, 2001 said it approved a 10 percent increase in the production of euro banknotes to create an additional reserve and help smooth the changeover to euro cash.
Turkey's banking watchdog seized control of bank
Turkey's banking watchdog seized control of a mid-sized private bank early on Mar 15, 2001 in a sign the government is determined to clean up a crisis-ridden banking sector that threatens the entire economy.
BOJ Hayami says structural reform indispensable
Bank of Japan Governor Masaru Hayami said on Mar 15, 2001 that structural reform in the Japanese economic system and industry is needed to make monetary policy fully effective.
Argentine cbank chief testifies, quotes Kafka
Argentina's embattled central bank president Pedro Pou testified before a congressional commission on Mar 14 to defend himself from allegations he turned a blind eye to money laundering.
Gaby Fiszman made economic adviser to Israeli PM
New Israeli Prime Minister Ariel Sharon appointed on Mar 13, 2001, a Bank of Israel official as his economic adviser, a statement from his office said.
Serdengecti appointed Turkish cbank governor
Turkey's president Ahmet Necdet Sezer approved on Mar 13, 2001 a decree regarding appointment of Sureyya Serdengecti as the central bank governor.
Brash says no rate cut could have sent NZ $ down
New Zealand's Reserve Bank Governor Don Brash said on Mar 14, 2001 that not cutting the official interest rate may have had the paradoxical effect of bringing easier monetary conditions through a lower exchange rate.
Academic to replace BOJ board 'hawk' Shinotsuka
A leading supporter of higher interest rates on the Policy Board of Japan's central bank is expected to be dropped when her term ends this month.
ECB plans statement on banking supervision - paper
The European Central Bank plans to issue an official warning to governments not to curb the role of central banks in banking supervision, a German newspaper reported on Mar 14, 2001.
Indonesia says postpones c.bank law debate to May
Indonesia said on Mar 14, 2001 it had postponed hearings on controversial central bank law changes, a move that could help break a deadlock in negotiations with the IMF.
Botswana cbank says no timetable for foreign loans
Botswana's central bank governor said on Mar 14, 2001 there was no timetable for seeking foreign loans after a rating by Moody's Investor Services this week.
BOI sees worse than expected 2001 global slowdown
World economic growth could slow down in 2001 by more than expected, the Bank of Italy warned in its half-yearly economic bulletin on Mar 14, 2001.
Settlement failures triple in Feb bond trading-BoJ
The Bank of Japan found 296 cases of settlement failure in Japanese government bond trading in February, the central bank said on Mar 14, 2001.
Dutch cbank and Euronext offer real time DvP
The Nederlandsche Bank, the Dutch central bank, and Euronext Amsterdam are to offer real-time DvP from Mar 19, 2001, the central bank has announced.
Lithuania boosts cbank independence in law
The Lithuanian parliament on Mar 13, 2001 approved amendments to the law on the central bank aimed at cementing its independence and giving the institution more freedom to shape monetary policy.
Basel Accord major challenge for Asia banks-HKMA
Recent proposals aimed at strengthening the global financial system pose a major challenge for banks and regulators in Asia, the Hong Kong Monetary Authority said on Mar 13, 2001.
Thailand, Japan close to currency swap deal-paper
Thailand and Japan are close to concluding a bilateral currency swap agreement in the next few months as part of a regional arrangement to support Asian currencies in crisis, the Nation newspaper said on Mar 13, 2001.
Argentine cbank head asks judge to suspend probe
Argentina's Central Bank President Pedro Pou asked a federal judge on Mar 12, 2001 to stop a congressional commission investigating charges he turned a blind eye to money laundering from voicing its conclusion.
MAS liberalises SGD swap rules for offshore banks
Following its recent decision to liberalise trading in Singapore dollar swaps, the Monetary Authority of Singapore said Mar 13, 2001 that effective March 1 it has allowed offshore banks to enter into currency swaps of any amount with non-banks.