News
Central bank documents stolen from Carney’s car
Bank of Canada governor Mark Carney robbed of bag containing internal central bank papers after car was broken into, central bank says bag was recovered but not known if all documents were retrieved
Fed issues guidelines on Volcker rule enforcement
Federal Reserve guidelines cover aspect of rule that extends compliance period to firms regulated by the central bank
Bank’s MPC split three ways
Bank of England Monetary Policy Committee minutes show rate-setters remain divided over future outlook of economy
Asia Risk Congress 2010: G-20 poised to tackle shadow banking and commodity derivatives
The G-20 is not going to sit still after its historic endorsement of Basel III. New targets include the shadow banking system and commodity derivatives, according to a senior Japanese government official.
Bolivia appoints interim governor
Former regulator named caretaker head of Central Bank of Bolivia
BIS survey shows OTC market levelling off
Notional volume and credit exposures are growing more slowly, latest market data shows
King’s letter to chancellor highlights inflation uncertainty
Inflation of 3.2% in October prompts Bank of England governor Mervyn King to pen another letter to the chancellor; move highlights high degree of uncertainty
Former CNB governor fails in bid to become mayor
Former Czech National Bank governor Zdenek Tůma loses out in race to become Prague’s next mayor
Malaysia names new deputy governor
Puan Nor Shamsiah Mohd Yunus replaces Dato' Zamani Abdul Ghani
Make the right decision: Spain’s Ordóñez to Dublin
Governor of the Bank of Spain suggests Irish officials ask for help as fears grow that Dublin’s resistance to a bailout will trigger contagion
Academics attack QE2
Twenty-three academics call on Federal Open Market Committee to “reconsider and discontinue” QE2; signatory argues problems are as much on supply side as demand side
Lloyds CEO to step down from Bank’s court of directors
New Lloyds Banking Group chief executive António Horta-Osório to leave to avoid conflicts of interest
Politics won't get in the way of Sifi plans: FSB's Draghi
Financial Stability Board chairman Mario Draghi says resolution regimes for systemically important banks operating across borders need not be bogged down in political tensions
IMF to pitch in on imbalances, but no clear agreement
G20 leaders call for Fund assistance in drafting “indicative guidelines” to frame global imbalances debate but stop short of definitive statement on currency dispute
G20 calls for bigger, better FSB to carry reform agenda
G20 leaders at Seoul summit identify areas in which further progress in needed, calling on Financial Stability Board to take the lead and drive reform; ask FSB to report on what extra resources it needs
FSB plans on Sifis win G20 approval
G20 leaders welcome reform packages to date, including fresh FSB proposal to tackle moral hazard posed by systemically important banks
Fed’s Tarullo defends US record on Basel II
Federal Reserve governor Daniel Tarullo dismisses criticism over US implementation of minimum capital requirements under Basel II; says Basel III will only be effective if applied rigorously by all countries
Leaders applaud IMF reforms, boosted safety net
Fund's boosted flexible credit line, new precautionary credit line praised by G20 leaders of the IMF
SNB records $8.7 billion loss on Swiss franc gains
Swiss National Bank reports loss of Sfr8.46 billion for first three quarters of the year after Swiss franc appreciated against major currencies
Banks could circumvent Volcker rule by gaining hedge fund exposure synthetically
Volcker rule may contain loophole that allows banks to invest in hedge funds
Bankers hit out at Basel III trade finance rules
Bank chief executives say tough rules on trade finance will suffocate global trade, putting growth at risk
Too soon to judge QE2: Korea's Kim
Bank of Korea governor Kim Choong-soo says Federal Reserve's second round of monetary easing cannot be prejudged; outlines challenges for domestic economy
IMF’s Viñals envisages financial system of the future
IMF director of monetary and capital markets José Viñals lays out vision of future financial system; says financial stability will need to be integrated in monetary policy decisions although price stability should remain central banks’ primary mandate
New York Fed announces QE2 purchase plan
New York Federal Reserve sets schedule for $105 billion-worth of purchases of Treasuries over the next month