France
Banque de France profits remain elevated on back of euro note increase
Annual report delivers news that profit at the Banque de France remains high this year. Net profit is €2.56 billion, profit before tax is €4.5 billion
Polish OTC clearer aims for 2012 launch as Europe fragments
Another central counterparty plans to launch in Europe, starting with zloty-denominated interest rate swaps
Libya’s Bengdara pleads for softer sanctions on central bank: report
Central Bank of Libya governor Farhat Bengdara tells Wall Street Journal he is lobbying for some leniency on central bank sanctions; says cannot return to Tripoli
IMF studies G-7 factors in global business cycles
IMF study examines impact of G-7 indicators in driving global business cycles
ECB paper develops new labour market model
European Central Bank study estimates new monitoring and forecasting model to measure labour market adjustments in Europe
Eurozone lending gathers steam: ECB
European Central Bank figures show growth of bank lending in single currency area increased in July; data follow signs of pickup in loan demand
Differing sovereign debt haircuts to be included in EU stress tests: reports
Reports quote German banking officials as saying that extreme scenarios will apply steep haircuts to PIIGS sovereign debt, but none to bunds or French paper
German rumours of French pact with ECB display tensions
Coverage of German magazine article alleging European Central Bank's bond purchase programme was aimed at helping the French indicative of fertile breeding ground for conspiracy theories
Sovereign risk worries overstated: panel
Debt experts from Bank of Italy, National Bank of Denmark and French debt agency point to reassuring signs of continuing life in the sovereign debt markets
Major economies must heed Greece lesson: Carmen Reinhart
Co-author of This Time is Different warns sovereigns on debt sustainability
Brussels and Paris push for European monetary fund
Finance ministries of France and Germany begin devising proposals for Europe’s own Fund, body would be geared at removing bailout security net as well as providing help to euro countries
French regulator refused to help on AIG: Barofsky
Troubled Asset Relief Plan overseer says Commission Bancaire refused New York Federal Reserve’s request for help in reducing payments to counterparties of rescued insurer on legal grounds
France’s Noyer welcomes Islamic finance
Banque de France governor argues that principles of Islamic finance create stability, adding that there is demand for it
Interventions helped creditors not shareholders
Bank for International Settlements reviews market reaction to bank rescue packages during the crisis
Towards a better measure of wealth
Report seeks to highlight the limitations of GDP as a measure of economic and social well-being, particularly problems in its measurement
Triple A ratings safe for now
Moody’s says Aaa countries have stable outlooks
Call for "binding" pay rules on banks
Brown, Sarkozy and Merkel say G20 must act on pay, speculation
France and Germany out of recession
Analysts taken by surprise as data show eurozone’s two largest economies returned to growth in the second quarter
France blames 80s monetary policy for poor growth
Banque de France asks whether permanent and gradual shifts in monetary policy were responsible for a protracted period of depressed activity in the euro area over the past decades
France explains Sepa delay
The French National Single Euro Payments Area (Sepa) Committee has justified its decision to delay the implementation of Sepa Direct Debit until November 2010, a year after the first available start date.
France bails on Sepa Direct Debit
The French National Single Euro Payments Area (Sepa) Committee, set up and chaired by the Banque de France and the French Banking Federation, has opted to delay the implementation of Sepa direct debit by a year to November 2010.
BIS stats highlight extent of capital flight
Data posted from the Bank for International Settlements (BIS) on Wednesday provided fresh evidence for the doom-mongers on central and eastern Europe, and went some way to explaining recent movements in exchange rates.
ECB's policy rule does not fit all
Euro policy rates best fit the largest eurozone members, research from the Bank of Finland posits.
Monetary policy can affect fiscal spillover
Interventions by central banks can impact the magnitude and nature of a spillover from regional fiscal policy, a new paper from Banque de France posits.