Europe
Third Eurosystem & L American CB meeting
The monetary and financial challenges for central banks associated with the ongoing process of globalisation were the main focus of the discussions held in the Third High-Level Seminar of the Eurosystem and Latin American Central Banks in Madrid Monday 4…
Trichet: lessons for EU financial integration
Jean-Claude Trichet, president of the ECB, set out some of the key lessons for greater financial integration among EU economies in a recent speech.
ECB sells more gold
The ECB sold 23 tons of gold on 30 November, the central bank said.
European reforms of global importance - de Rato
In this speech the International Monetary Fund's managing director, Rodrigo de Rato, suggests that deregulation and financial sector reform in Europe will benefit the continent's economy, and contribute to resolving tensions and potential global problems.
Iran's Sheybani hails cooperation with Europe
Iran's central bank governor Ebrahim Sheybani on Friday 17 November praised the good cooperation between Iranian and European banks.
IMF's Rato says more rate rises may be needed
International Monetary Fund managing director Rodrigo de Rato said in an interview with Bloomberg on Friday 17 November that central banks may need to increase interest rates further to keep inflation under wraps, amid faster global economic growth.
EC's McCreevy:Time to deliver on SEPA
In the speech 'Time to deliver on SEPA' given on 13 November Charlie McCreevy, the European Commissioner for Internal Market and Services, urged banks to speed up adoption of common standards for customers to make euro payments throughout Europe from a…
EU single payments area plan in doubt
European Union lawmakers said Wednesday 15 November that plans for a single payments area in Europe could hit the buffers unless governments reach a deal soon.
Meister on the EU Banking Stability Report
In a speech given on 7 November Edgar Meister of the Banking Supervision Committee said as analysts of banking sector stability, we have to take into account that the links between large EU banks and hedge funds are intensifying.
BOJ's Fukui on the outlook for Japan's economy
In the speech 'The outlook for Japan's economy and the conduct of monetary policy' given on 7 November Toshihiko Fukui, governor of the Bank of Japan, said exports have continued to increase against the background of the expansion of overseas economies.
IMF paper on integration of the securities market
The IMF Working Paper "Integration of the securities market infrastructure in the European Union: Policy and regulatory issues" examines the impact of ongoing cross-border integration of securities market infrastructure in the European Union.
Bond markets as conduits for capital flows
The IMF Working Paper "Bond markets as conduits for capital flows: How does Asia compare?" finds that Europe is more financially integrated than other regions, while Asia already seems to have made more progress on this front than Latin America and other…
ECB report on EU banking structures
The European Central Bank (ECB) published its annual report on EU banking structures on Thursday 26 October. The report, which has been published each year since 2002, reviews the main structural developments in the EU banking sector in 2005 and until…
ECB report on supervisory structures
The European Central Bank's "Recent developments in supervisory structures in EU and acceding countries" report finds that at EU level, the period 2003-06 was characterised by an intensified effort to strengthen cooperation among supervisory authorities.
Tumpel-Gugerell on Europe's financial sector
In the speech 'Building the future - Integrating Europe's financial sector' given on 23 October Gertrude Tumpel-Gugerell of the ECB said the ECB will only pursue plans for its own securities settlement system if it can offer much lower settlement fees…
How to save the young from the burden of pensions
According to this article by Lorenzo Bini Smaghi, published in the Financial Times on Wednesday 18 October, the introduction of an EU constitutional rule to prevent young workers being discriminated against in pension reforms is needed.
GCC dollar reserve shift unlikely
Oil-producing GCC countries, which hold most of their currency reserves in dollars, are unlikely to move away from the greenback, according to the IMF's director for the Middle East and Central Asia.
No softening of EU rules for euro bidders
European Union governments won't relax inflation criteria for countries seeking to adopt the euro, finance ministers said on Tuesday 10 October.
Central Europe cannot afford to delay the euro
According to this article published by the Financial Times on Monday 9 October, the main reason for stalling central European economies is the reluctance by several governments to embrace monetary union as quickly as possible.
EU draft statement calls for limited IMF reform
According to a draft statement, European Union countries are willing to cede only a ``limited'' share of power in the International Monetary Fund to fast-growing emerging economies.
Wrestling regulators
According to this comment piece from the Financial Times, published Wednesday 4 October, regulation should forward the public interest but different regulatory bodies sometimes clash in its defence.
IMF paper on currency volatility trends
The IMF Working Paper "Common volatility trends in the Central and Eastern European currencies and the euro" asks how much convergence has been achieved between Central and Eastern European (CEE) economies and the eurozone.
EU may curb central banks on cross-border deals
EU internal market commissioner Charlie McCreevy wants to curb the power of central banks and national financial supervisory authorities to intervene arbitrarily in cross-border deals, the Financial Times reported Wednesday 6 September.
Monetary policy "still very accommodative" - Weber
Interest rates will rise as the Eurozone's economy continues to grow, said Axel Weber, the president of the Bundesbank.