United Kingdom
Crisis down to global imbalances: Obstfeld, Rogoff
Maurice Obstfeld and Kenneth Rogoff say global imbalances key source of crisis
Bank of England – Quarterly Bulletin
Bank of England says secondary corporate bond market needs more support
Fed data points to rise in GSE holdings
Data show official sector viewing agency debt more favourably; marks about-turn from autumn 2008 sell-off
Bank bailed out two British lenders in secret
Bank of England says it provided lender-of-last-resort support to Royal Bank of Scotland and Halifax Bank of Scotland in October 2008; reveals extent to which two lenders teetered
Britain remains in recession
Pound falls on unexpected negative growth for three months to September; chances of expansion of quantitative easing programme rise
Interventions helped creditors not shareholders
Bank for International Settlements reviews market reaction to bank rescue packages during the crisis
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
Ratings agencies: regulate or downgrade?
Ludˇek Niedermayer worries that regulating ratings agencies will simply increase their influence and create the wrong incentives
UK delivers inflation surprise
United Kingdom’s July inflation figures show prices rose more than expected, but sharp decline predicted in coming months
Northern Rock drops debt repayment
Northern Rock drops payment on part of its subordinated debt
Flexible exchange rate better for welfare
Bundesbank investigates the welfare ranking of exchange rate regimes
BoE's Sentance sees recession ending soon
Bank of England’s Andrew Sentance sees recovery in UK and global economies, with Asia at the forefront
FSA issues code on bank bonuses
UK Financial Services Authority releases rules on bankers’ remuneration policies
BoE publishes semi-annual FX survey
Bank of England finds traditional UK foreign-exchange turnover fell by almost a fifth
UK Financial Investments releases five-year plan
UK Financial Investments publishes budget projections for five years ahead
King’s tribute to Lord George
Bank of England’s Mervyn King honours the memory of former governor Eddie George
Bank says Asset Purchase Facility works
Bank of England confident Asset Purchase Facility (APF) helps corporate bond market
UK to return to rules-based approach?
Philip Davis, head of economics and finance at Brunel University, says in an OECD paper that UK might need a more rules-based approach to banking regulation
Bankers warn against financial protectionism
IIF sees risk as a result of national governments’ efforts to restore confidence
UK public borrowing soars to June high
Public-sector borrowing soars to £13 billion from £7.5 billion in June 2008 on back of financial rescue
British official attacks EU hedge-fund rules
Lord Myners, a UK Treasury minister, labels Brussels’ draft hedge-fund code “ill considered” and “flawed”
Britain begins to offload state banks
Dunfermline sold and supermarket rumoured to be interested in Northern Rock
Smee on speedier payments
The chief executive of APACS discusses the UK’s first National Payments Plan and the impact of the new Faster Payments service