United Kingdom
BoE's Besley: rate cut won't save the day
A cut in bank rate, on its own, is not a magic bullet, said Timothy Besley, a member of the Bank of England's Monetary Policy Committee.
Bank calls for systemic risk re-think
The Bank of England on Tuesday called for a strengthening of cross-border crisis management, criticising the decision by some authorities to offer blanket guarantees on deposits.
Minneapolis Fed sheds light on crisis myths
Four widely-held beliefs about the financial crisis of 2008 are false, research from the Minneapolis Federal Reserve finds.
King justifies re-capitalisation
With banking conditions at their direst since the beginning of First World War, the British Treasury had to re-capitalise the country's ailing banking sector, said Mervyn King, the governor of the Bank of England.
RBA's Stevens praises British bailout
The British government's intervention plan appears to have all the key elements needed to restore health to the key international institutions, Glenn Stevens, the governor of the Reserve Bank of Australia.
Bank appoints new financial stability director
The Bank of England has promoted Andrew Haldane, the head of its systemic risk assessment division, to executive director for financial stability.
Bank reforms money market operations
The Bank of England set out plans for three major reforms of its money market operations, including proposals for two new facilities aimed at alleviating the tensions that have kept prices for interbank loans well above historical norms.
Bank's monetary-policy roundtable
The Bank of England has published a note summarising its first monetary policy roundtable, run jointly with the Centre for Economic Policy Research.
MPC's Sentance: downturn risks on the rise
Severe stresses in the financial system and the news from the real economy have certainly increased the risks of a bigger and more sustained downturn, said Andrew Sentance, a member of the Bank of England's Monetary Policy Committee.
Britain re-capitalises banks, warns on bonuses
British authorities on Monday warned banks to review their compensation structures after pledging up to £37 billion ($64 billion) to re-capitalise some of the country's largest banks.
Why failed bank executives must go
Senior management of banks that require public assistance should be replaced, says Robert Pringle, the editor-in-chief of Central Banking journal.
Britain bails out banks
The British authorities on Wednesday pledged to spend up to £50 billion ($86 billion) in taxpayer funds to recapitalise its beleaguered banking industry, shares in which have plummeted in recent days.
Old Lady bows to markets, expands collateral pool
The paralysis in money markets has forced the Bank of England to accept poorer quality collateral, underlining the extent to which interbank conditions have worsened in recent weeks.
Bank appoints Magic Circle partner as legal chief
Graham Nicholson, a partner at Freshfields Bruckhaus Deringer, one of the City of London's most prestigious law firms, will become the Bank of England's chief legal adviser at the start of next year.
UK nationalises lender
The UK authorities have taken a second mortgage lender into public ownership after events triggered by the collapse of Lehman Brothers, an investment bank, sparked a withdrawal of deposits.
Ex-FSA's McCarthy wants more realism on risk
Financial institutions need greater realism and modesty about their risk management capability, said Callum McCarthy, a former chairman of the Financial Services Authority (FSA).
MPC members signal Bank won't cut just yet
Despite Sir John Gieve's indication earlier this week that he would back a rate cut in the coming months, comments by other members of the Bank of England's Monetary Policy Committee (MPC) signal rates will stay at 5% for the time being.
Why now is the time for the UK to join the euro
Just when nobody is expecting it, now could be a good time for the British government to announce its intention for the UK to join the euro area, says Robert Pringle, the editor-in-chief of Central Banking journal.
BoE's Dale: housing to impact banks
The deterioration in the housing market is likely to impact banks' balance sheets, leading them to tighten further the supply of credit, said Spencer Dale, the chief economist and a member of the Monetary Policy Committee (MPC) of the Bank of England.
BoE's Gieve warns of crunch's deflationary impact
Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England, has warned that the Bank must consider the deflationary consequences of the credit crisis.
Bank of England's September minutes
The minutes from the September meeting of the Monetary Policy Committee show most members judged maintaining the current rate necessary to bring inflation back to target.
King sees high inflation remaining
Mervyn King, the governor of the Bank of England, expects inflation in the United Kingdom to remain "markedly" above the central bank's target well into next year.
BoE's Tucker highlights inflation risk
The news on the British economy has got worse and inflation now looks more likely to fall sharply in 2009, but Paul Tucker, the executive director responsible for markets at the Bank of England, signalled Friday that the Monetary Policy Committee (MPC)…
King confirms continued support for banks
Mervyn King, the governor of the Bank of England, assured the City of London's beleaguered banks that he would continue to allow them access to funds after the Special Liquidity Scheme closes next month.