Regulation
IMF upbeat on Russia
RUSSIA - The International Monetary Fund (IMF) has expressed confidence in the Russian economy, which it said is set to weather the downturn in oil prices and global growth.
BOJ should take untraditional measures - Takenaka
JAPAN - Conventional liquidity provisions aren't enough and the Bank of Japan should consider untraditional steps to deal with Japan's economic woes, economy minister Heizo Takenaka said Friday.
Russian central bank to remain independent
RUSSIA - The working group for amendment of the law, "On the Central Bank", advocated retention of the independent status of the Central Bank.
Speech by David Clementi of the Bank of England
SPEECH - Deputy Governor of the Bank of England David Clementi spoke at the launch of the Oxford Centre for Computational Finance, University of Oxford, 10 October.
Speech by Horst Kohler MD of the IMF
SPEECH - Remarks by Horst Kohler, Managing Director, International Monetary Fund, given at a Staff Reception in Honour of Stanley Fischer, 1 October.
Study of asymmetric markets wins economics award
NOBEL PRIZE - Three American economists have been awarded this year's Nobel prize for their work on the advantages enjoyed by sellers over buyers in markets ranging from jobs to crops to second-hand cars.
Crisis could delay new appointments in Egypt
EGYPT - Some keenly awaited changes in senior positions may have to be deferred in Egypt including the governorship of the Central Bank of Egypt.
Treasurys O'Neill cancels New York City appearance
US - U.S. Treasury Secretary Paul O'Neill has cancelled a speech he was scheduled to make in New York City today, Thursday 11 October, to attend a cabinet meeting in Washington, a Treasury spokesman said.
Changes made in NBP management
POLAND - In line with the request made by the chairman of the National Bank of Poland (NBP) Leszek Balcerowicz, president Aleksander Kwasniewski dismissed four management members of the central bank and appointed three new ones.
Fed best at policy communication? Not necessarily
UK - If you thought the U.S. Federal Reserve was the paradigm of central bank transparency while the European Central Bank struggled to communicate policy, think again. This comes from a recent report entitled "How Do Central Banks Talk?" published by…
Stanley Fischer - Farewell To the Staff
SPEECH - Speech by Stanley Fischer of the International Monetary Fund at the IMF Atrium, Washington, D.C., 1 October.
London remains dominant financial centre - Report
LONDON - London has retained its dominance as a global financial centre despite the introduction of the euro, according to figures published yesterday by the Bank for International Settlements.
UK accused of being 'money launderers' paradise'
UK - Britain still offers a safe haven for terrorist money and the authorities are doing virtually nothing about it, according to a damning report by a French MP.
Duma support foreign audit of Russian central bank
RUSSIA - The Duma Banking Committee has approved provisions, "On the organisation of audits of the annual financial statement of the Central Bank."
Thai central bank dep gov may leave Thirachai eyed
THAILAND - Thai central bank Deputy Governor Tanya Sirivedhin, the last of the top executives to have served prior to the July 1997 float of the baht, will resign, "The Nation" newspaper reports in Thailand, citing an unnamed Finance Ministry source.
Speech by the governor of the Bank of Latvia
SPEECH - Einars Repse, Governor, Central Bank of Latvia, spoke at the Conference "Banking and Finance in the Baltics 2001" Riga, Latvia, 19 September.
Bank of France printing employees continue strike
FRANCE - Employees at the Bank of France's printing plant at Chamalieres in the Puy-de-Dome department yesterday continued their strike observed since 12 September.
Moldova bank president confirms new policy
MOLDOVA - The president of the National Bank of Moldova has confirmed a new policy concerning the consolidation of the banking system of the republic.
BSP says role in AMC creation limited
PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the Philippine's central bank, yesterday, Monday 8 October, said its plans for creating an independent special purpose vehicle to handle banks' bad assets are limited to providing technical advice and…
Pakistan money-laundering clampdown
PAKISTAN - The Pakistani Government is urging its expatriates working in the United Arab Emirates to send their wages home through legitimate banking channels rather than via informal means linked to money-laundering.
Global push for money laws
US - The world's leading industrial countries are to put pressure on offshore financial centres to clamp down on funds which could be used to pay for attacks like last month's suicide hijackings in America.
Former rep. pleads guilty to stealing funds
USA - A former Massachusetts congressman and director of the Federal Reserve Bank of Boston has pleaded guilty to stealing more than $200,000 from the Hawthorne Hotel in Salem, the Federal Deposit Insurance Corp. Inspector General's office announced…
Reserve freezes accounts with bin Laden connection
AUSTRALIA - Australia's Reserve Bank has released a list of over 200 individuals and groups whose assets will be frozen if held in Australia.
Brazil c bank says report figures are "incorrect"
BRAZIL - Brazil reacted quickly to a Standard & Poor's report released this week, which warned of the growing risk of Brazil and stated that the government needs US$80 billion to finance its balance of payments in 2002.